Muscle Maker, Inc. (GRIL), (the "Company"), today announced receipt of a letter from The Nasdaq Stock Market ("Nasdaq") stating that the Company has regained compliance with Listing Rule 5550(a)(2), the $1.00 minimum bid price listing requirement. Accordingly, the Company has been removed from Nasdaq's non-compliance list, and the matter is now closed.
"We are pleased that Muscle Maker has regained compliance with the Nasdaq's listing requirements," stated Michael Roper, CEO of Muscle Maker, Inc. "We believe this is a positive outcome for our stockholders."