Elys BMG Group, Inc.: Nasdaq/NYSE listing notice — Elys Game Technology to be delisted from Nasdaq on Oct 17 due to bid price non-compliance

Elys BMG Group, Inc.

Nasdaq notified Elys on Oct 13, 2023 of delisting; trading suspended from open on Oct 17, 2023.
Delisting due to failure to maintain $1.00 minimum bid price and compliance plan milestones.
Company evaluating appeal to Nasdaq Listing and Hearing Review Council within 15 days.
Company initiated transfer to OTC Markets under symbol 'ELYS'; estimates $1.6M annual cost savings.
Delisting may materially adversely affect liquidity and trading price of common shares.

item 3.01 item 9.01

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 delisting notice notice regarding other.

Exchange: nasdaq
Notice: delisting notice

Exact text from the filing

October 13, 2023, Elys Game Technology, Corp. (the “Company”) received a letter from the Nasdaq Stock Market (“Nasdaq”) formally notifying the Company that the Nasdaq Hearings Panel (the “Panel”) has determined to delist Company’s common stock from the Nasdaq Capital Market and would suspend trading of Company’s common stock on the Nasdaq Capital Market, effective at the open of business on October 17, 2023 (the “Delisting Letter”). The Panel made this determination due to the Company’s failure to achieve certain milestones under its plan of compliance, as presented to the Panel on August 1, 2

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Source: SEC EDGAR

accession 0001017386-23-000337

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