Sharplink, Inc. (SBET): Nasdaq/NYSE listing notice — SharpLink receives Nasdaq delisting notice for continued bid price non-compliance

Sharplink, Inc.

Received Nasdaq notice on Jan 8, 2025 for failing to regain compliance with Bid Price Rule (minimum $1.00 close for 10 days) by Jan 7, 2025 deadline.
Company also faces prior deficiency in $2.5M minimum stockholders' equity (Listing Rule 5550(b)(2)), adding a second basis for delisting.
SharpLink will request a hearing before the Nasdaq Hearings Panel to stay delisting; stock remains listed pending outcome.
Company must submit a plan to evidence compliance; no assurance the Panel will grant continued listing.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

Sharplink, Inc. received a nasdaq compliance regained notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5505(b)(1), 5810(d)(2)).

Exchange: nasdaq
Notice: compliance regained
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A), 5505(b)(1), 5810(d)(2)

Exact text from the filing

July 11, 2024, the Company received a letter (the “Bid Price Deficiency Notice”) from Nasdaq notifying the Company that, because the closing bid price for its common stock had been below $1.00 per share for 30 consecutive trading days, it was not compliant with the Minimum Bid Price Requirement. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company had a period of 180 calendar days, or until January 7, 2025, to regain compliance with the Minimum Bid Price Requirement. If at any time before January 7, 2025, the closing bid price of the Company’s common stock closed at or above $

View on SEC.gov

8 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Sharplink, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-001723

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