regulatory
confidence high
sentiment negative
materiality 0.80
Lottery.com receives Nasdaq noncompliance notice for failure to obtain shareholder approval for 2023 stock plan
Sports Entertainment Gaming Global Corp
- Nasdaq Staff determined Lottery.com failed to comply with Listing Rule 5635(c) regarding shareholder approval for the 2023 Plan and related grants.
- Company must submit a compliance plan within 45 calendar days; if accepted, Nasdaq can grant extension up to October 26, 2025.
- Noncompliance relates to the 2023 Employees' Directors' and Consultants Stock Issuance and Option Plan and shares issued thereunder.
- Potential risk of delisting from Nasdaq if compliance not achieved within extension period.