Mobilicom Regains Compliance with Nasdaq Minimum Bid Price Requirement

The Company was notified by Nasdaq on June 25, 2024, that its ADSs had failed to maintain a minimum bid price of $1.00 for 30 consecutive business days. Nasdaq provided a 180-calendar day period following the date of the notice to regain compliance, or until December 23, 2024. To regain compliance with the minimum bid price requirement, the Company was required to maintain a minimum closing bid price of$1.00 or more for at least 10 consecutive trading days. From July 5, 2024 through July 18, 2024, a period ...