09:55 AM EDT, 08/28/2024 (MT Newswires) -- Magic Empire Global ( MEGL ) said Wednesday it was granted a 180-calendar day extension to regain compliance with the Nasdaq minimum bid price rule of $1 per share.

The company said it has now until Feb. 24, 2025, to meet the requirement.

The company is exploring ways to regain compliance with Nasdaq's listing requirement but cannot guarantee it will succeed, Magic Empire Global ( MEGL ) said.