Hong Kong, March 04, 2025 — Magic Empire Global Limited (NASDAQ: MEGL) (“MEGL” or the “Company”) has announced the successful resolution of the bid price deficiency issue raised by Nasdaq.
The Company has received official confirmation (the “Nasdaq Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) that it is once again compliant with the minimum bid price requirement for maintaining its listing on the Nasdaq Capital Market (the “Listing Rules”).
On February 26, 2025, Nasdaq informed the Company via letter that it had not regained compliance with Listing Rule 5550(a)(2), leading to a potential delisting from the Capital Market. The Company had the option to appeal this decision to the Panel, following the procedures outlined in the Nasdaq Listing Rule 5800 Series.
However, on March 4, 2025, Nasdaq formally notified the Company that it had regained compliance with the Nasdaq Minimum Bid Price Requirement. This determination was made after the Company’s ordinary shares closed at or above $1.00 per share for ten consecutive business days, from February 18, 2025, to March 3, 2025. Consequently, Nasdaq considers the previous bid price deficiency matter closed, as the Company is now in compliance with Nasdaq Listing Rule 5550(a)(2).
MEGL reaffirms its dedication to upholding the highest standards of corporate governance and compliance and expresses gratitude for the support of its shareholders.
About Magic Empire Global Limited
Magic Empire Global Limited, based in Hong Kong, is a financial services firm specializing in corporate finance advisory and underwriting services. Its primary services include: (i) IPO sponsorship; (ii) financial and independent financial advisory services; (iii) compliance advisory services; (iv) underwriting services; and (iv) corporate services. Additional details are available on the Company’s website at .
Safe Harbor Statement
This announcement contains certain forward-looking statements involving known and unknown risks and uncertainties. These statements are based on the Company’s current expectations and projections regarding future events and their potential impact on its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements can be identified by terms such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue,” or similar expressions. The Company is not obligated to update or revise any forward-looking statements to reflect new events, circumstances, or changes in expectations, except as required by law. While the Company believes these forward-looking statements are reasonable, it cannot guarantee their accuracy and cautions investors that actual results may differ materially from anticipated results. Investors are encouraged to review other factors that may affect the Company’s future results in its registration statement and other filings with the SEC, accessible at .
Hong Kong:
Magic Empire Global Limited
Ms. Vivien Tai
Tel: +852 3577 8770
E-mail:
