---
schema_version: "secwatch.filing_event.v1"
accession: "0001017386-23-000337"
form_type: "8-K"
ticker: null
cik: "0001080319"
company_name: "Elys BMG Group, Inc."
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:23:56.440056+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Elys Game Technology to be delisted from Nasdaq on Oct 17 due to bid price non-compliance

## Summary
- 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.

## SEC filing metadata
- accession: 0001017386-23-000337
- form_type: 8-K
- cik: 0001080319
- company_name: Elys BMG Group, Inc.
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1080319/000101738623000337/0001017386-23-000337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1080319/000101738623000337/elys_2023oct16-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001017386-23-000337
- JSON: https://secwatch.observer/filing/0001017386-23-000337.json
- Plain text: https://secwatch.observer/filing/0001017386-23-000337.txt

## Key facts
- Listing & Compliance Notices
  Elys BMG Group, Inc. received a nasdaq delisting notice notice regarding other.
  - Exchange: nasdaq
  - Notice: delisting notice
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1080319/000101738623000337/0001017386-23-000337-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.