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Update: NIP Group Shares Rise After Regaining Nasdaq Minimum Bid Price Compliance

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(Updates with the latest stock price movement in the headline and the first paragraph.)

NIP Group (NIPG) shares rose 37.9% on Friday after the company said it regained compliance with Nasdaq's minimum bid price requirement after receiving confirmation from the exchange on July 21.

Nasdaq determined that NIP's American depositary shares closed at or above the required $1 minimum bid price for 10 business days from July 7 through July 21, the company said.

The company had received a deficiency notice in March after its ADSs traded below $1 for 32 business days, it said.

The deficiency matter has now been closed by Nasdaq, the company said.

Price: $14.53, Change: $+4.00, Percent Change: +37.94%

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