SharpLink Gaming Ltd.: Nasdaq/NYSE listing notice — SharpLink Gaming gets Nasdaq extension to Nov 20, 2023 for equity compliance

SharpLink Gaming Ltd.

Nasdaq granted extension to regain stockholders' equity of at least $2.5M by Nov 20, 2023.
Company reported equity of $1.49M as of March 31, 2023, triggering the deficiency.
Must complete a transaction or file a pro forma balance sheet evidencing compliance by the deadline.
If compliance not shown in annual report for FY2023, delisting process may resume.
Ordinary shares (SBET) continue trading uninterrupted during the extension period.

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 0.9

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

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 Company does not meet the alternative standards for market value of listed securities or net income from continuing operations, the Company no longer

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Source: SEC EDGAR

accession 0001493152-23-027391

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