BitNile Metaverse Regains Compliance with the Nasdaq Voting Rights Rule
BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the “Company”), announced today that it has regained compliance with the Nasdaq Voting Rights Rule.
- BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the “Company”), announced today that it has regained compliance with the Nasdaq Voting Rights Rule.
- On June 21, 2023, the Nasdaq Stock Market (“Nasdaq”) notified the Company that the issuance of the Series B and Series C Preferred Stock violated Nasdaq’s voting rights rule under listing Rule 5640 (the “Voting Rights Rule”).
- As a result, the Company has regained compliance with the Voting Rights Rule.
- “We are pleased to regain compliance with Nasdaq’s Voting Rights Rule and look forward to a continued healthy relationship with the exchange.