MSGM - Motorsport Games regains compliance with Nasdaq's listing rules
- Racing game developer Motorsport Games ( NASDAQ: MSGM ) regained full compliance with Nasdaq's listing rules on Jan. 30.
- The company had notified Nasdaq on Nov. 11, 2022, that it was no longer in compliance with the rule requiring a minimum of 500,000 publicly-held shares, the one requiring a majority of the board to be comprised of independent directors, and the one requiring the audit committee to consist of at least 3 independent directors meeting the heightened independence standards for the committee members.
- The company's publicly-held shares exceeded 500,000 after issuances of class A shares to Alumni Capital.
- "With the addition of Nav Sunner in January and Andrew Jacobson in December, joining John Delta as independent directors, the board of directors is reconstituted adding significant talent and resources to our collective experience," CEO Dmitry Kozko said.
- Source: Press Release
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Motorsport Games regains compliance with Nasdaq's listing rules