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SRM Entertainment Receives Six-Month Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
Globenewswire· 2025-04-24 11:30
Core Viewpoint - SRM Entertainment, Inc. has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement of $1 per share, allowing the company until October 20, 2025, to meet this requirement [1][2] Company Overview - SRM Entertainment designs, develops, and manufactures custom merchandise, including toys and souvenirs for major theme parks and entertainment venues [3] - The company’s products are based on multi-billion-dollar entertainment franchises and are distributed globally at various attractions, including Walt Disney Parks and Resorts and Universal Parks and Destinations [3] - SRM's design team has created specialty products for notable landmarks and events, including exclusive items like the Sip With Me cups featuring licensed characters [3] Strategic Focus - The company is committed to executing its strategic roadmap, which includes expanding product lines, entering new distribution channels, and driving consistent revenue growth [2] - The CEO emphasized that this focused approach should positively impact SRM's stock price in the long run [2]