ESPORTS ENTERTAINMENT GROUP, INC. (GMBL): Nasdaq/NYSE listing notice — Esports Entertainment receives Nasdaq deficiency notice for failing $2.5M equity rule

ESPORTS ENTERTAINMENT GROUP, INC.

Received Nasdaq deficiency letter on Nov 28, 2023 for failing the $2,500,000 minimum stockholders' equity requirement.
Stockholders' equity as of Sep 30, 2023 was below the required $2.5 million minimum.
Nasdaq Hearings Panel will consider the deficiency at a hearing scheduled for Dec 14, 2023.
Company also faces a previously disclosed minimum bid price deficiency under Nasdaq Listing Rule 5550(a)(2).
No assurance that the Company will regain compliance or satisfy Panel requirements for continued listing.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

ESPORTS ENTERTAINMENT GROUP, INC. 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

November 28, 2023, Esports Entertainment Group, Inc. (the “Company”) received a deficiency notification letter from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with the $2,500,000 minimum stockholders’ equity requirement, as outlined in Nasdaq Listing Rule 5550(b)(1) (the “Equity Rule”) because the Company’s reported stockholders’ equity as of September 30, 2023 was below this minimum amount. The notification advised the Company that the Nasdaq Hearings Panel (the “Panel”) will consider this matter i

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ESPORTS ENTERTAINMENT GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-043249

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