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DIAMOND BAR, Calif. - Newegg Commerce, Inc. (NASDAQ:NEGG), an online retailer specializing in PC hardware and consumer electronics, announced it has regained compliance with the Nasdaq’s minimum bid price requirement. The company received a notification from the Nasdaq Capital Market’s Listing Qualifications Department confirming that its stock had maintained a closing bid price of at least $1.00 per share over the last 10 consecutive business days, from April 7, 2025, to April 21, 2025. The stock, currently trading at $3.71, has experienced significant volatility, falling 77% over the past year according to InvestingPro data.
This development follows concerns regarding Newegg’s adherence to Nasdaq’s Listing Rule 5550(a)(2), which mandates that listed companies maintain a minimum bid price of $1.00 per share. With this regained compliance, Newegg has effectively addressed the listing matter, resulting in the closure of the issue by Nasdaq. The company, with a market capitalization of $72 million and annual revenue of $1.39 billion, maintains a challenging gross profit margin of 10.7%.
Newegg, founded in 2001 and headquartered in the City of Industry, California, has established itself as a leading global online retailer. The company offers a wide range of products, including gaming peripherals, home appliances, automotive parts, and lifestyle technology. Additionally, Newegg provides a suite of services catering to business e-commerce needs, encompassing marketing, supply chain, and technical solutions on a unified platform.
The announcement from Newegg serves as a positive indicator to investors and stakeholders of the company’s ability to meet the financial standards set by the Nasdaq exchange. This compliance is a step towards maintaining investor confidence and the company’s presence on the capital market.
The information in this article is based on a press release statement from Newegg Commerce, Inc.
In other recent news, Newegg Commerce, Inc. has announced a reverse stock split of its common shares at a ratio of twenty-to-one, effective April 7, 2025, to maintain its Nasdaq listing. This strategic move is aimed at meeting the Nasdaq’s minimum price per share requirement, with no change to shareholders’ percentage interests, except for fractional shares that will be exchanged for cash. Additionally, Newegg has expanded its product offerings with the introduction of AMD Radeon RX 9070 series GPUs and NVIDIA’s GeForce RTX 5070 Ti GPUs, both designed for enhanced gaming and content creation performance. The company has also relaunched its Newegg Shuffle program to manage demand for in-demand products like the RTX 5070 Ti, and it continues to promote its GPU Trade-In Program to encourage sustainable upgrading. Newegg’s in-house brand, ABS, has released new gaming PCs featuring the RTX 5070 Ti, available exclusively on Newegg. The launch of the NVIDIA RTX 50 Series GPUs saw an overwhelming response, with these products selling out within minutes and driving a significant increase in website traffic. Newegg assures customers that restocks will be announced in real-time. The company remains committed to offering the latest technology and value to its customers, as highlighted by recent product releases and strategic corporate actions.
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