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Mogo Regains Compliance with Nasdaq Minimum Bid Price Requirement
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Mogo regains compliance with Nasdaq minimum bid price requirement
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VANCOUVER, British Columbia--(BUSINESS WIRE)--
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), one of Canada’s leading financial technology companies, today announced that it has received formal notice from the Nasdaq Stock Market LLC ("Nasdaq") stating that the Company has regained compliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq.
The notice indicated that, as a result of the closing bid price of the Company’s common share having been US$1.00 per share or greater for at least ten consecutive business days, from August 14, 2023 through August 25, 2023, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and the matter has been closed.
About Mogo
Mogo, one of Canada’s leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo’s trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo’s wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo’s digital wealth platform. Mogo also offers digital loans and mortgages. Through Mogo’s wholly-owned subsidiary, Carta Worldwide, we also offer a digital payments platform that powers the next-generation card programs from innovative fintech companies in Europe and Canada. To learn more, please visit mogo.ca or download the mobile app (iOS or Android).
mogo is a different kind of finance company. with canadians currently carrying record levels of debt, we’re here to help consumers push back. our goal is to save canadians $1 billion with our mogo card and range of mogo money loans. we don’t want you to spend more so we can make more money from your bad decisions. mogo wants you to spend smarter. that could mean spending less or it could simply mean borrowing money in different ways. we have a full range of personal loans to meet your financial needs, whatever they might be, including our recently introduced installment loan product mogoliquid. on signing up for a mogo account you have access to a range of mogo perks including a free prepaid visa card, free credit score and access to treats and events. check out our website mogo.ca for more information about what we offer and our latest blog posts on how to do more spend less. we’re based in vancouver, bc and are always looking for great talent. if you would like to join the te
