secwatch.observer — SEC 8-K summary
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Issuer:     Elys BMG Group, Inc. (—)
CIK:        0001080319
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001017386-23-000278
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Elys Game Technology receives Nasdaq delisting notice; plans hearing and reverse split
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- Received Nasdaq notice on July 25, 2023 for non-compliance with $1.00 minimum bid price rule after second compliance period ended July 24.
- Intends to request hearing by August 1, 2023 to stay suspension; hearing expected within 45 days of request.
- Plans reverse stock split at ratio of 1-for-2 to 1-for-1000 to regain compliance, subject to shareholder vote via proxy.
- Common stock continues trading on Nasdaq Capital Market under symbol 'ELYS' while appeal process proceeds.
- No assurance of regaining compliance or obtaining extension from Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080319/000101738623000278/0001017386-23-000278-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080319/000101738623000278/elys_2023jul31-8k.htm
  HTML page:      https://secwatch.observer/filing/0001017386-23-000278

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