---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-007795"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-03-15T23:59:59+00:00"
generated_at: "2026-06-18T01:53:51.018145+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Regains Nasdaq bid price compliance; must meet $2.5M equity test by March 31

## Summary
- On March 9, 2023, notified by Nasdaq Hearing Panel of compliance with minimum bid price rule (5550(a)(2)).
- Must still demonstrate compliance with $2,500,000 stockholders' equity requirement (5550(b)(1)) by March 31, 2023.
- Effected 1-for-20 to 1-for-100 reverse stock split on February 22, 2023.
- Completed debt-to-equity exchanges of $19.3M aggregate principal for 2.24M common shares, causing dilution.
- Warns it may not satisfy all Panel conditions and securities could be delisted.

## SEC filing metadata
- accession: 0001493152-23-007795
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-03-15T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223007795/0001493152-23-007795-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223007795/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-007795
- JSON: https://secwatch.observer/filing/0001493152-23-007795.json
- Plain text: https://secwatch.observer/filing/0001493152-23-007795.txt

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