mCloud Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

SAN FRANCISCO, March 29, 2023 /CNW/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it had received a notice dated March 23, 2023 (the "Notice"), from The Nasdaq Stock Market LLC ("Nasdaq") stating the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid price for the Company's listed securities was below $1.00 per share for the last 30 consecutive business days.

Read more at newswire.ca