Item 8.01 Other Events.

On January 23, 2023, NextPlay Technologies, Inc. (the "Company") received a letter from the Nasdaq Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Staff has determined that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) because for the prior 10 consecutive trading days, from January 6, 2023 through January 20, 2023, the closing bid price of the Company's common stock was above $1.00 per share or greater.

Accordingly, the Company has regained full compliance with the outstanding deficiency, and Nasdaq has informed the Company in writing that the matter is now closed.





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