Banzai Regains Nasdaq Compliance for Minimum Market Value of Public Shares | Martech Edge | Best News on Marketing and Technology
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Banzai Regains Nasdaq Compliance for Minimum Market Value of Public Shares

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Banzai Regains Nasdaq Compliance for Minimum Market Value of Public Shares

Banzai Regains Nasdaq Compliance for Minimum Market Value of Public Shares

GlobeNewswire

Published on : Nov 12, 2024

Banzai International, Inc., a leader in marketing technology solutions, has regained compliance with Nasdaq's minimum market value of publicly held shares (MVPHS) requirement, securing its listing on the Nasdaq Capital Markets tier. This compliance reaffirms Banzai's commitment to stability and growth in the public market.

Key Compliance Details

  • Compliance Notification: On November 7, 2024, Banzai received a notification from Nasdaq stating that it had met the MVPHS requirement under Listing Rule 5550(a)(5).
  • MVPHS Compliance Period: Banzai's MVPHS exceeded the $1,000,000 threshold for 10 consecutive trading days, from October 24 to November 6, 2024, satisfying Nasdaq's criteria.

Banzai offers essential marketing and sales technology solutions designed to help businesses target, engage, and measure customer interactions effectively. With a customer portfolio that includes top names like Square, Hewlett Packard Enterprise, and ActiveCampaign, Banzai serves thousands of clients across various industries. 

Forward-Looking Statements
This announcement includes forward-looking statements reflecting Banzai's goals and market outlook, with a disclaimer that such statements are subject to risks and uncertainties.

Banzai's compliance with Nasdaq’s listing rules underscores its commitment to financial and operational resilience, marking a milestone for its investors and stakeholders. Banzai’s consistent market value positioning highlights its dedication to growth and stability.