Lottery.com Inc. has announced that it has received a formal notice from the Nasdaq Stock Market LLC, indicating a failure to comply with the Nasdaq Listing Rule 5450(a)(1). The company's common stock has traded below $1 per share for 30 consecutive business days, prompting the notice. As per Nasdaq regulations, Lottery.com now has 180 calendar days, until November 5, 2025, to restore compliance by ensuring the stock's closing bid price reaches at least $1 for a minimum of ten consecutive business days. If the company successfully meets this requirement within the specified period, Nasdaq will issue a confirmation of compliance. However, failure to do so could result in the company's securities being subject to delisting from the Nasdaq exchange.
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