VANCOUVER, British Columbia, Aug. 31, 2022 (GLOBE NEWSWIRE) — Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR) immediately introduced that it has obtained an extension of 180 calendar days to regain compliance with Nasdaq’s minimal bid value requirement.
As beforehand reported, the Company was notified by Nasdaq on March 1, 2022, that the bid value for its widespread shares was not in compliance with the Nasdaq minimal bid value requirement. At that point, the Company was required to regain compliance by August 29, 2022. The extension will permit the Company to regain compliance if the bid value for the Company’s widespread shares closes at or above US$1.00 per share for a minimal of 10 consecutive buying and selling days earlier than February 27, 2023.
The Company intends to monitor the closing bid value of its widespread shares and has given written assurance to Nasdaq that it’s going to, if mandatory, implement out there choices to regain compliance with the minimal bid value requirement.
About Liquid Media Group Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is an leisure firm empowering impartial IP creators. Liquid’s end-to-end resolution permits skilled video (movie/TV and streaming) creation, packaging, financing, supply, and monetization, empowering IP creators to take their skilled content material from inception by means of your complete course of to monetization. Additional info is offered at www.LiquidMediaGroup.co
CONTACT:
Investors / Business
Justin Kulik
CORE IR
[email protected]
Industry
Jane Owen
Jane Owen PR
(323) 819-1122
[email protected]
Cautionary Note Regarding Forward-Looking Statements
This information launch contains statements containing sure “forward-looking information” throughout the which means of relevant securities legislation (“forward-looking statements”). Forward-looking statements are sometimes recognized by phrases resembling: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “potentially” and related expressions, or are these, which, by their nature, refer to future occasions. These statements shouldn’t be learn as ensures of future efficiency or outcomes. Such statements contain identified and unknown dangers, uncertainties and different components which will trigger precise outcomes, efficiency or achievements to be materially totally different from these implied by such statements. Such components embrace, however will not be restricted to: developments associated to the COVID-19 pandemic, regulatory actions, market costs, continued availability of capital and financing, and normal financial, market or business circumstances, in addition to further dangers disclosed within the Company’s annual and quarterly monetary stories out there at www.sedar.com. Investors are cautioned that any such statements will not be ensures of future efficiency and precise outcomes or developments might differ materially from these projected within the forward-looking statements. Forward-looking statements are primarily based on the beliefs, estimates and opinions of the Company’s administration on the date the statements are made. The Company is underneath no obligation, and expressly disclaims any intention or obligation, to replace or revise any forward-looking statements, whether or not as a results of new info, future occasions or in any other case, besides as expressly required by relevant legislation.
