FaZe Clan stock price too embarrassing for Wall Street:
everyone talked about and nobody quite understood. It’s been downhill ever since. Investor interest failed to materialize, initial shareholders wanted out, and the stock price plummeted to just under $1 in January. Following a momentary bump in February, that’s where it’s been now for over 30 days.
” from the Nasdaq that gives FaZe Clan an additional 180 days to get its stock price above $1 for at least 10 consecutive days. Should be easy, right? “The Company intends to monitor the closing bid price of the Common Stock and may, if appropriate, consider implementing available options to regain compliance, though the Company cannot provide assurance that these efforts will be successful,” it wrote in a March 24 filing to investors.
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