Why Is Gamer Pakistan (GPAK) Stock Down 43% Today?
Gamer Pakistan (GPAK) Investor Place·2024-08-02 20:24
Gamer Pakistan (NASDAQ:GPAK) stock is down on Friday after the esports company announced its shares will be delisted from the Nasdaq Exchange. A news release from Gamer Pakistan notes that its request to remain listed on the exchange has been denied by the Nasdaq Hearings Panel. This is due to it not being compliant with the $1 minimum bid price required to remain on the exchange. Gamer Pakistan CEO James Knopf said the following about the news. "While we are disappointed in the Nasdaq delisting, this does ...