Enthusiast Gaming Receives NASDAQ Notification Regarding Minimum Bid Price Deficiency

LOS ANGELES, Nov. 04, 2022 (GLOBE NEWSWIRE) — Enthusiast Gaming Holdings Inc. (Nasdaq:EGLX; TSX:EGLX) (the “Company”) today disclosed the receipt of a notice (the “Notice”) on November 3, 2022 from the Nasdaq Stock Market LLC (“Nasdaq”) that the Company is not currently in compliance with the $1.00 minimum bid price requirement for continued listing of the Company’s common shares (the “Shares”) on the Nasdaq Global Select Market, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). The Notice indicated that, consistent with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until May 2, 2023 (the “Compliance Deadline”), to regain compliance with the Minimum Bid Price Requirement by having the closing bid price of the Shares meet or exceed $1.00 per Share for at least ten consecutive business days.

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