In fact, at the time of writing, its stock is sitting at $0.75 per share .A snapshot of FaZe Clan's market value over the last six months. Image Google/Eurogamer.Dexerto
, if a company trades for 30 consecutive business days below the required $1.00 closing bid price - something FaZe Clan has now done for the last few days - it will be sent a deficiency notice by Nasdaq. Any company that receives such a notice will be given a"compliance period" that lasts 180 days. During this period, the listing would need to maintain"a closing bid price of $1.00 or more for 10 consecutive business days".
"If a company is unable to resolve its bid price deficiency during the applicable compliance period, Nasdaq Staff will issue a delisting letter," Nasdaq states. Along with its foray into the stock market, FaZe Clan has been hit by several controversies over the years. In 2021, it
You love to see it.
What is faze clan. Sounds stupid
Good.
Who the hell thought this was a good idea?
Lmao