Summary by Moomoo AI
On September 11, 2024, Lottery.com Inc. received a notice from The Nasdaq Stock Market LLC indicating that the company's common stock had not met the minimum bid price requirement of $1 per share over the preceding 30 business days, violating Nasdaq Listing Rule 5450(a)(1). The company has been given a 180-day period, until March 10, 2025, to regain compliance with the rule. During this period, if Lottery.com's common stock achieves a closing bid price of at least $1 for ten consecutive business days, Nasdaq will confirm the company's compliance and close the matter. Failure to meet the requirement by the deadline may lead to delisting of the company's securities from the exchange. The notice was formally acknowledged by Matthew McGahan, CEO of Lottery.com Inc.