Six months down the road, FaZe's stock is dropping and then dropping some more.
In fact, at the time of writing, its stock is sitting at $0.75 per share .A snapshot of FaZe Clan's market value over the last six months. Image Google/Eurogamer.Dexerto
, if a company trades for 30 consecutive business days below the required $1.00 closing bid price - something FaZe Clan has now done for the last few days - it will be sent a deficiency notice by Nasdaq. Any company that receives such a notice will be given a"compliance period" that lasts 180 days. During this period, the listing would need to maintain"a closing bid price of $1.00 or more for 10 consecutive business days".
"If a company is unable to resolve its bid price deficiency during the applicable compliance period, Nasdaq Staff will issue a delisting letter," Nasdaq states. Along with its foray into the stock market, FaZe Clan has been hit by several controversies over the years. In 2021, it
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