Jul. 2 at 12:31 PM
$BNAI On
July 1, 2025, the Company received a letter (the “Extension Notice”) from Nasdaq notifying the Company that it has been granted an extension of 180calendar days (the “Extension”), or until December 29, 2025, to regain compliance with the Minimum Bid Price Requirement under Nasdaq Listing Rule5550(a). If, at any time before December 29, 2025, the bid price for the Company’s common stock closes at
$1.00 or more for a minimum of 10consecutive business days, Nasdaq will provide written notification to the Company that it has regained compliance with the Minimum Bid PriceRequirement (unless Nasdaq exercises its discretion to extend the 10-day period). As outlined by Nasdaq, and as part of its terms for granting the Extension, if the Company fails to maintain a stockholders’ equity value above
$5,000,000in its financials included in its Quarterly Report on Form 10-Q for the period ending June 30, 2025, Nasdaq will withdraw the Extension and issue adelisting determination.
