Business
EzFill Regains Compliance with Nasdaq Mimimum Bid Price Rule
MIAMI, FL, May 16, 2023 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fuel
About this update from Nextnrg, Inc.
[{"type":"text","content":"MIAMI, FL, May 16, 2023 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fuel industry, announced that on May 11, 2023, it received a letter from The Nasdaq Stock Market LLC (\"Nasdaq\") informing EzFill that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), for continued listing on The Nasdaq Stock Market, and the matter of previous non-compliance is now closed. EzFill was previously notified by Nasdaq that it was not in compliance with the minimum bid price rule because its shares failed to meet the closing bid price of $1.00 or more for 30 consecutive business days, as required by the Nasdaq Listing Rules. To regain compliance with the bid price, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. From April 27, 2023, through May 10, 2023, the closing bid price of the Company's common stock was at $1.00 per share or greater. Accordingly, the Company has regained compliance with Nasdaq's minimum bid price rule. About EzFill EzFill is a leader in the fast-growing mobile fuel industry, with the largest market share in its home state of Florida. Its mission is to disrupt the gas station fueling model by providing consumers and businesses with the convenience, safety, and touch-free benefits of on-demand fueling services brought directly to their locations. For commercial and specialty customers, at-site delivery during downtimes enables operators to begin their daily operations with fully fueled vehicles. For more information, visit www.ezfl.com. With the number of gas stations in the U.S. continuing to decline, corporate giants such as Shell, Exxon, GM, Bridgestone, Enterprise, and Mitsubishi have recognized the increasing shift in consumer behavior and are investing in the fast growing on-demand mobile fueling industry. As the only company to provide fuel delivery in three vertical segments - consumer, commercial, and specialty including marine, we believe EzFill is well positioned to capitalize on the growing demand for convenient and cost-efficient mobile fueling options. Forward Looking Statements This press release contains “forward-looking statements” Forward-looking statements reflect our current view about future even...