Sports Entertainment Gaming Global Corp (SEGG): Nasdaq/NYSE listing notice — Lottery.com receives Nasdaq delisting notice; director resigns citing board disagreements

Sports Entertainment Gaming Global Corp

Nasdaq notified on March 13 of audit committee non-compliance after director Naila Chowdhry resigned.
Chowdhry resigned March 9 citing disagreements over board independence, governance, and alleged fiduciary breaches; board rejects claims.
Company faces bid price non-compliance (below $1) and unfiled Q2/Q3 2022 reports; delisting appeal pending, hearing in 30-45 days.
Audit committee engaged Yusufali & Associates on March 6 to re-audit 2021 and 2020 financials; no prior disagreements.
If delisted, trading in LTRY/LTRYW could be impaired, affecting capital raising and potentially triggering defaults.

item 3.01 item 5.02 item 4.01 item 9.01

Executive movements

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Departed

Naila Chowdhry

Director

SEGG · Sports Entertainment Gaming Global Corp

Effective: 2023-03-09
Filed: March 15, 2023, 7:59 PM ET

On March 9, 2023, the Company received a letter from Naila Chowdhry announcing her resignation from the Company’s Board of Directors, effective immediately as of 6:00 p.m. Eastern Standard Time on March 9, 2023

Key facts

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Sports Entertainment Gaming Global Corp engaged Yusufali & Associates, LLC as its auditor.

Action: engagement
Auditor: Yusufali & Associates, LLC

Exact text from the filing

the Audit Committee of the Board of Directors of the Company approved the engagement of Yusufali & Associates, LLC, (“ Yusufali ”) as the Company’s new independent registered public accounting firm, effective immediately for the fiscal year ended December 31, 2022

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

Sports Entertainment Gaming Global Corp received a nasdaq noncompliance notice notice regarding other.

Exchange: nasdaq
Notice: noncompliance notice

Exact text from the filing

received a notice (the “ Notice ”) from The Nasdaq Stock Market LLC (“ Nasdaq ”) stating that, as a result of the resignation of Naila Chowdhry from the Board of Directors of the Company and the Audit Committee and Compensation Committee of the Board of Directors (as discussed in

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Naila Chowdhry resigned as Director at Sports Entertainment Gaming Global Corp.

Action: resigned
Role: Director

Exact text from the filing

On March 9, 2023, the Company received a letter from Naila Chowdhry announcing her resignation from the Company’s Board of Directors, effective immediately as of 6:00 p.m. Eastern Standard Time on March 9, 2023

View on SEC.gov

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Sports Entertainment Gaming Global Corp filing history →

Source: SEC EDGAR

accession 0001493152-23-007783

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