Glory Star New Media Group Hol

Shira Smolko

BEIJING, July 26, 2022 /PRNewswire/ — Glory Star New Media Team Holdings Constrained (NASDAQ: GSMG) (“Glory Star” or the “Company”), a major electronic media system and content-driven e-commerce enterprise in China, now announced it gained notification from the Listing Skills Office of The Nasdaq Stock Market place (“Nasdaq”) that it has regained compliance with the bare minimum bid price tag need of US$1.00 for each share underneath the Nasdaq Listing Procedures (the “Listing Principles”).

On July 25, 2022, Nasdaq presented affirmation to the Enterprise that for at the very least 10 consecutive business days, from July 11 to July 22, 2022, the closing bid value of the Company’s standard shares has been at $1.00 for each share or higher. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this make a difference is now closed.

About Glory Star

Considering the fact that its institution in 2016, Glory Star has been laser focused on producing an ecosystem for its users that incorporates high-quality content material, e-commerce, social networking, and gaming. The Organization continues to combine its cutting edge blockchain systems, huge user foundation from its CHEERS ecosystem, quality content material choices, and its very well-proven e-commerce platform, and by means of the appropriate application of 5G, AR, VR and NFT systems to create a metaverse boasting a large variety of “on the net + offline” and “digital + fact” eventualities. Glory Star’s CHEERS Online video and e-Mall platforms present a stable basis for it to quickly establish different entertainment and browsing purposes for the metaverse. Glory Star also supplies a suite of equipment for its people to facilitate the enhancement of new information by creators. The Company is remaining at the forefront of disrupting the way new media and e-commerce is operated. For additional data, make sure you go to http://ir.gsmg.co/.

Risk-free Harbor Statement

Particular statements created in this release are “forward hunting statements” inside the indicating of the “harmless harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When utilised in this press launch, the phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “strategies,” “intends,” “believes,” “seeks,” “may well,” “will,” “should really,” “upcoming,” “propose” and variants of these terms or related expressions (or the negative versions of this sort of text or expressions) are meant to establish ahead-searching statements. These forward-seeking statements are not guarantees of potential efficiency, disorders or outcomes, and include a number of recognised and not known challenges, uncertainties, assumptions and other significant variables, quite a few of which are outdoors the Company’s regulate, that could result in precise results or results to differ materially from individuals discussed in the forward-searching statements. Vital aspects, among others, are: the skill to take care of development ability to detect and integrate other potential acquisitions potential to acquire further funding in the long run to fund funds expenditures fluctuations in general financial and organization problems charges or other things adversely impacting the Company’s profitability litigation involving patents, mental assets, and other issues possible alterations in the legislative and regulatory environment a pandemic or epidemic the incidence of any event, modify or other conditions that could have an affect on the Firm’s capability to keep on productive development and start of its metaverse the probability that the Enterprise could not be successful in building its new traces of firms due to, among other points, alterations in the organization surroundings, competitors, adjustments in regulation, or other financial and plan aspects the risk that the Firm’s new traces of company may perhaps be adversely impacted by other economic, organization, and/or aggressive aspects other aspects, pitfalls and uncertainties established forth in paperwork filed by the Organization with the Securities and Exchange Commission (the “SEC”) from time to time, together with the Company’s Annual Report on Sort 20-F submitted with the SEC on March 8, 2022. The Organization undertakes no obligation to update or revise any ahead-seeking statements, whether as a final result of new information, potential activities or or else, apart from as demanded by applicable regulation. This sort of facts speaks only as of the date of this launch.

Contacts

Glory Star New Media Team Holdings Minimal
Yida Ye
Email: [email protected]

Look at original material:https://www.prnewswire.com/news-releases/glory-star-new-media-group-holdings-constrained-regains-compliance-with-nasdaq-minimal-bid-selling price-necessity-301593054.html

Resource Glory Star New Media Team Holdings Constrained

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