Asset Entities Inc. Regains Compliance with Nasdaq
July 29 2024 - 8:00AM
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 more at assetentities.com, and follow the
Company on X (formerly Twitter) at @assetentities.
Important Cautions Regarding
Forward-Looking Statements
This press release contains forward-looking
statements. In addition, from time to time, representatives of the
Company may make forward-looking statements orally or in writing.
These forward-looking statements are based on expectations and
projections about future events, which are derived from the
information currently available to the Company. Such
forward-looking statements relate to future events or the Company’s
future performance, including its financial performance and
projections, growth in revenue and earnings, and business prospects
and opportunities. Forward-looking statements can be identified by
those statements that are not historical in nature, particularly
those that use terminology such as “may,” “should,” “expects,”
“anticipates,” “contemplates,” “estimates,” “believes,” “plans,”
“projected,” “predicts,” “potential,” or “hopes” or the negative of
these or similar terms. In evaluating these forward-looking
statements, you should consider various factors including those
that are described in the section titled “Risk Factors” in the
Company’s periodic reports which are filed with the Securities
and Exchange Commission. These and other factors may cause the
Company’s actual results to differ materially from any
forward-looking statement. Forward-looking statements are only
predictions. The forward-looking statements contained in this press
release are made as of the date of this press release, and the
Company does not undertake any responsibility to update the
forward-looking statements in this release, except in accordance
with applicable law.
Company Contacts:
Arshia Sarkhani, President and Chief Executive OfficerMichael
Gaubert, Executive ChairmanAsset Entities Inc.Tel +1 (214)
459-3117 Email Contact
Investor Contact:
Skyline Corporate Communications Group, LLCScott Powell,
President1177 Avenue of the Americas, 5th FloorNew York,
NY 10036Office: (646)
893-5835Email: info@skylineccg.com
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