Company: MEGL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001641172-25-014301
Chunk: 64

Company: Magic Empire Global Ltd
Filing Date: 2025-06-09
Form: F-1/A
Chunk 64
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 shareholders could face significant material adverse consequences, including :

| ● | a                                                                                                                                     
 limited availability of market quotations for our Class A ordinary shares;                                                            |
| ● | reduced                                                                                                                               
 liquidity for our Class A ordinary shares;                                                                                            |
| ● | a                                                                                                                                     
 determination that our Class A ordinary shares are “penny stock”, which would require brokers trading in our Class A                  
 ordinary shares to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading 
 market for our Class A ordinary shares;                                                                                               |
| ● | a                                                                                                                                     
 limited amount of news about us and analyst coverage of us; and                                                                       |
| ● | a                                                                                                                                     
 decreased ability for us to issue additional equity securities or obtain additional equity or debt financing in the future.           |

For instance, on February 28, 2024, we received a letter from the Listing Qualifications staff of Nasdaq notifying the Company that the bid price of the Company had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result did not comply with Listing Rule 5550(a)(2). Nasdaq has provided the Company with a 180 calendar days compliance period, or until August 26, 2024, in which to regain compliance with Nasdaq continued listing requirement. On August 27, 2024, the Company received a letter from Nasdaq, notifying the Company that Nasdaq has determined the Company is eligible for an additional 180 calendar day period, or until February 24, 2025, to regain compliance with the minimum bid price of $1 per share requirement pursuant to the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2).

On February 26, 2025, the Company received a letter from Nasdaq notifying the Company that it has not regained compliance with Listing Rule 5550(a)(2). Accordingly, its securities will be delisted from the Capital Market. The Company may appeal Staff’s determination to the Panel, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series.

On March 4, 2025, the Company received formal notification from Nasdaq, that the Company has regained compliance with the Nasdaq Minimum Bid Price Requirement. Nasdaq made this determination of compliance after the closing bid price of the Company’s ordinary shares was at $1.00 per share or greater for the last 10 consecutive business days from February 18, 2025 to March 3, 202