Elys BMG Group, Inc.: Nasdaq/NYSE listing notice — Elys Game Tech gets Nasdaq bid-price extension to July 2023; director resigns

Elys BMG Group, Inc.

Nasdaq granted 180-day extension to July 24, 2023 to cure minimum $1.00 bid price deficiency; shares trade normally under ELYS.
Victor Salerno resigned from Board effective January 23, 2023 with no reason given.
Company may pursue reverse stock split; failure to comply by July 24 could result in delisting.

item 3.01 item 5.02 item 9.01

Executive movements

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Departed

Victor Salerno

Director

Elys BMG Group, Inc.

Effective: 2023-01-23
Filed: January 25, 2023, 6:59 PM ET

On January 23, 2023, Victor Salerno provided notice of his decision to resign from the Board of Directors of the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Elys BMG Group, Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

Stock Market LLC (“Nasdaq”) notifying the Company that for the preceding 30 consecutive business days (June 9, 2022 through July 22, 2022), the Company’s common stock did not maintain a minimum closing bid price of $1.00 (“Minimum Bid Price Requirement”) per share as required by Nasdaq Listing Rule 5550(a)(2). The Company was provided 180 calendar days, or until January 23, 2023, to regain compliance. The Company did not regain compliance with the Minimum Bid Price Requirement by January 23, 2023; however, on January 24, 2023, the Company received written notification from Nasdaq granting the

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Executive change SEC 8-K Item 5.02 confidence 0.95

Victor Salerno resigned as Director at Elys BMG Group, Inc..

Action: resigned
Role: Director

Exact text from the filing

On January 23, 2023, Victor Salerno provided notice of his decision to resign from the Board of Directors of the Company, effective immediately.

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Source: SEC EDGAR

accession 0001017386-23-000025

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