SharpLink Gaming Ltd.: Nasdaq/NYSE listing notice — SharpLink Gaming receives Nasdaq delist determination; trading suspension set for Nov 30 unless appeal filed

SharpLink Gaming Ltd.

Nasdaq Staff determined SharpLink failed to meet minimum $2.5M stockholders' equity requirement by Nov 20, 2023 extension deadline.
Company intends to request a hearing before Nasdaq Hearings Panel by Nov 28 to stay suspension pending a decision.
Without appeal, trading of SBET shares will be suspended at open on Nov 30 and a Form 25-NSE filed to remove listing.
At the hearing, SharpLink will present a plan to regain compliance, but there is no assurance of acceptance.
Delisting could impair capital-raising ability and materially reduce share price liquidity.

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 delisting notice notice regarding stockholders equity (rules 5550(b)(1)).

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

Exact text from the filing

November 21, 2023, the Company received a delist determination letter from the Staff advising the Company that the Staff had determined that the Company did not meet the terms of the extension. Specifically, the Company did not complete its proposed transactions and was unable to file a Current Report Form 8-K on or before the November 20, 2023 deadline previously required by the Staff, evidencing compliance with the Rule. As a result, unless the Company requests an appeal of the Staff’s determination, trading of the Company’s ordinary shares will be suspended at the opening of business on Nov

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Source: SEC EDGAR

accession 0001493152-23-042675

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