Bit Brother receives delisting notice from Nasdaq regarding insufficient bid

Bit Brother (NASDAQ: BETS), announced today that it has received notice from Nasdaq that Nasdaq has decided to delist the company's securities from Nasdaq due to Failure to comply with Nasdaq listing rules because the company's securities had a closing bid price of $0.10 or less during the 11 consecutive trading days from October 26 to November 9, 2023. The notice will not immediately affect the company's listing and trading, as the company intends to apply for a hearing from the expert panel before November 17, 2023. Such a filing would suspend any suspension or delisting action by Nasdaq until the hearing proceedings are completed. There can be no assurance that the Panel will approve the Company's request for additional time to demonstrate compliance with the continued listing requirements, or that the Company will be able to meet the continued listing requirements during any compliance period or in the future. If the panel does not approve the company's extension application, the company's common stock will be affected.