---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-032562"
form_type: "8-K"
ticker: "MGAM"
cik: "0001886362"
company_name: "Mobile Global Esports, Inc."
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:36:41.130720+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Mobile Global Esports to be delisted from Nasdaq on April 18, 2024 due to bid price non-compliance

## Summary
- Nasdaq notified MGAM on April 9, 2024 that it failed to regain compliance with the $1.00 minimum bid price rule after two grace periods.
- Company will not appeal; common stock will be suspended from Nasdaq at the open on April 18, 2024.
- Stock to trade on OTC Pink Sheets; company will seek market makers but no guarantee of a liquid market.

## SEC filing metadata
- accession: 0001213900-24-032562
- form_type: 8-K
- ticker: MGAM
- cik: 0001886362
- company_name: Mobile Global Esports, Inc.
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886362/000121390024032562/0001213900-24-032562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886362/000121390024032562/ea0203790-8k_mobile.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-032562
- JSON: https://secwatch.observer/filing/0001213900-24-032562.json
- Plain text: https://secwatch.observer/filing/0001213900-24-032562.txt

## Key facts
- Listing & Compliance Notices
  Mobile Global Esports, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: k (the “Common Stock”), for the last 30 consecutive business days, had closed below the minimum $1.00 per share and, as a result, the Company is not in compliance with the $1.00 minimum bid price requirement for the continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”). The Company was provided an initial period of 180 calendar days, or until October 9, 2023 to regain compliance with the Minimum Bid Price Rule. Subsequently, on October 10, 2023, the Company was provided an additional 180 calendar day compliance period, or
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886362/000121390024032562/0001213900-24-032562-index.htm

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