Business
Asset Entities Inc. Regains Compliance with Nasdaq
DALLAS, July 29, 2024 (GLOBE NEWSWIRE) -- Asset Entities Inc. (“Asset Entities” or “the Company”) (NASDAQ: ASST), a provider of digital marketing and content
About this update from Strive, Inc.
[{"type":"text","content":"DALLAS, July 29, 2024 (GLOBE NEWSWIRE) -- Asset Entities Inc. (“Asset Entities” or “the Company”) (NASDAQ: ASST), a provider of digital marketing and content delivery services across Discord and other social media platforms, and a Ternary Payment Platform company, today announced that the Company received formal notice (the “Notice”) from the Nasdaq Office of General Counsel of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). To regain compliance with the Bid Price Rule, the Company’s Class B Common Stock was required to maintain a minimum closing bid price of $1.00 or more for at least ten consecutive business days. The Notice confirmed that this requirement had been met. As a result, this listing matter has been closed. Additionally, the Notice indicated that the Company had regained compliance with Nasdaq Listing Rule 5550(b) by obtaining stockholders’ equity of more than $2,500,000. As a result, this listing matter has also been closed. The Company’s Class B Common Stock will continue to trade on The Nasdaq Capital Market tier of Nasdaq under the symbol “ASST”. About Asset Entities Inc. Asset Entities Inc. is a technology company providing social media marketing, management, and content delivery across Discord, TikTok, Instagram, X (formerly Twitter), YouTube, and other social media platforms. Asset Entities is believed to be the first publicly traded Company based on the Discord platform, where it hosts some of Discord’s largest social community-based education and entertainment servers. The Company’s AE.360.DDM suite of services is believed to be the first of its kind for the Design, Development, and Management of Discord community servers. Asset Entities’ initial AE.360.DDM customers have included businesses and celebrities. The Company also has its Ternary payment platform that is a Stripe-verified partner and CRM for Discord communities. The Company’s Social Influencer Network (SiN) service offers white-label marketing, content creation, content management, TikTok promotions, and TikTok consulting to clients in all industries and markets. The Company’s SiN influencers can increase the social media reach of client Discord servers and drives traffic to their businesses. Learn...