Newegg Receives Nasdaq Notification Regarding Minimum Bid Requirements

CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)---- $NEGG #newegg--On May 8, 2024, Newegg Commerce, Inc. (NASDAQ: NEGG) (the “Company” or “Newegg”) received a letter from the Listing Qualifications Department of The Nasdaq Capital Market (“Nasdaq”) notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), because the closing bid price of the Company’s common shares was below the minimum of $1.00 per share for a period of 30 conse