Vancouver, British Columbia, March 4, 2022 (GLOBE NEWSWIRE) — Liquid Media Group Ltd. (“Company”, “Liquid Media”, or “Liquid”) (Nasdaq: YVR) is today a written notice (Notice)) From the Nasdaq Stock Market’s Nasdaq Listing Qualifications Division (“Nasdaq”), we are the Nasdaq Listing Regulations. Indicates that it does not comply with the minimum bid price requirement of US $ 1.00 per share under (“Listing Rules”). .. Based on the closing prices of our listed securities in the last 30 business days from January 14, 2022 to February 28, 2022, we meet the minimum bid price requirements set forth in Listing Rule 5550 (a) (a). I am no longer satisfied. 2). This notice is not an imminent action, but a notice of defects and has no current impact on the listing or trading of our securities on the Nasdaq Capital Markets.
The notice is based on Listing Regulations 5810 (c) (3) (A) and the company will have a compliance period of 180 calendar days or August 29, 2022 to restore compliance under the listing rules. It is stated that it is. To restore compliance under the listing rules, our common stock must be at least US $ 1 for at least 10 consecutive business days. If we do not regain compliance by August 29, 2022, we may be subject to an additional period of time to regain compliance or may face delisting.
We will monitor the closing price of common stock from now until August 29, 2022 and evaluate the options available to restore compliance within the compliance period.
In addition, we do not timely submit an annual information form, annual financial statements, relevant management discussions and analysis, and management’s certificate regarding them from the British Columbia Securities Commission (“BCSC”). I received a default notification that I was. We have experienced unexpected delays in integrating financial information from recently acquired businesses and completing purchase accounting, but we expect to be able to make all the required submissions in the coming weeks. We will provide updates.
Ron Thomson, Liquid’s Chief Executive Officer, said: “Our team is working to regain compliance with bid price rules and consider all available options to comply with BSCS requirements. During this time, we will continue to support investors. appreciate.”
About Liquid Media Group Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is a business solutions company that empowers independent IP creators. Liquid’s end-to-end solutions enable professional video (movie / TV and streaming) creation, packaging, financing, distribution, and monetization, allowing IP authors to start and monetize professional content. Allows you to migrate to the entire process.
Liquid’s blockchain framework developed at Eluvio allows independent producers and content creators to leverage blockchain technology and NFT to reach new audiences, achieve low-cost decentralized delivery, and fund production. Access to, sell products and other special access experiences, and have a global audience on your own terms.
Additional information is available at the following URL: www.LiquidMediaGroup.co..
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Precautions regarding forward-looking statements
This news release contains statements that include certain “forward-looking information” (“forward-looking statements”) within the meaning of applicable securities law. Forward-looking statements are usually expressions such as “believe,” “expect,” “expect,” “intend,” “estimate,” “potentially,” or, by their nature, future events. To. These statements include, but are not limited to, the Company regaining compliance under Nasdaq’s listing requirements and submitting an annual report for the 2021 fiscal year. It should not be read as a guarantee of future performance or results. Such statements include known and unknown risks, uncertainties, and other sources that may cause actual results, performance, or outcomes to differ materially from those implied by such statements. Factors are included. These factors include COVID-19 pandemics, regulatory measures, market prices, continued availability of capital and financing, developments related to general economic, market or business conditions, and our company. Annual and quarterly financial reporting available at www.sedar.com.When www.sec.gov.. Investors should be aware that such statements do not guarantee future performance and actual results or developments may differ materially from those predicted in the forward-looking statements. .. Forward-looking statements are based on the beliefs, estimates and opinions of our management on the day of the statements. We undertake no obligation to update or revise any forward-looking statement as new information, future events, or other consequences, except as expressly required by applicable law, and we expressly disclaim it. increase.
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Liquid Media Group, Ltd. Receives Nasdaq defect notifications regarding minimum bid requirements and provides up-to-date information on audit filings for 2021.
Source link Liquid Media Group, Ltd. Receives Nasdaq defect notifications regarding minimum bid requirements and provides up-to-date information on audit filings for 2021.