SharpLink Gaming Ltd.: Nasdaq/NYSE listing notice — SharpLink Gaming receives Nasdaq delisting notice for low equity ($1.49M vs $2.5M min)

SharpLink Gaming Ltd.

Nasdaq notified SharpLink on May 23, 2023 of non-compliance with Listing Rule 5550(b)(1) requiring $2.5M stockholders' equity.
Company's equity reported as $1,489,034 as of March 31, 2023, below the minimum; alternative standards also not met.
Company has until July 7, 2023 to submit a plan to regain compliance; Nasdaq may grant up to 180-day extension.
Ordinary shares continue trading under 'SBET' without interruption during the process.
Failure to regain compliance could lead to delisting from Nasdaq Capital Market.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

SharpLink Gaming Ltd. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

May 23, 2023, SharpLink Gaming Ltd. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company is no longer in compliance with the equity standard for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) requires listed companies to maintain stockholders’ equity of at least $2,500,000 under the equity standard. Because the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2023 reported stockholders’ equity of $1,489,034, and as of May 22, 2023 the Compa

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Source: SEC EDGAR

accession 0001493152-23-019293

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