Failure to Satisfy Listing Rule Form 8 K

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On April 5, 2024, MGO Global Inc. (the "Company") received a written notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") dated April 5, 2024, notifying the Company that it is no longer in compliance with Nasdaq Rule 5550(b)(1) minimum stockholders' equity requirement of $2,500,000 for continued listing on The Nasdaq Capital Market (the "Minimum Equity Requirement"). In response to the Notice, on April 9, 2024, the Company filed a Current Report on Form 8-K disclosing such non-compliance as required under Nasdaq and Securities and Exchange Commission rules.

From September 3, 2024 to September 6, 2024, the Company sold 242,543shares of its common stock pursuant to Equity Distribution Agreement dated February 6, 2024, as amended on June 7, 2024 with Maxim Group LLC for aggregate net proceeds of $579,767. As of September 19, 2024, the Company believes it is in compliance with the Minimum Equity Requirement as a result of such sales.

Nasdaq will continue to monitor the Company's ongoing compliance with the Minimum Equity Requirement and, if at the time of its next periodic report the Company does not evidence compliance, it may be subject to delisting.