EBET, Inc.: Nasdaq/NYSE listing notice — EBET receives Nasdaq delisting notice; stock at $0.10 or less for 10 days

EBET, Inc.

Nasdaq notified EBET on July 31, 2023 of delisting determination under Listing Rule 5810(c)(3)(A)(iii).
Stock closed at $0.10 or less for ten consecutive trading days from July 17 to July 28, 2023.
Trading suspended at opening on August 9, 2023 unless an appeal is requested; company plans to file a hearing request to stay suspension.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

EBET, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(A)(iii)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(A)(iii)

Exact text from the filing

July 31, 2023, the Company was notified by the Staff that it had determined that the Company’s common stock had a closing bid price of $0.10 or less for ten consecutive trading days from July 17, 2023 through July 28, 2023. Accordingly, since the Company was subject to the provisions set forth under Listing Rule 5810(c)(3)(A)(iii), the Staff had determined to delist the Company’s securities from The Nasdaq Capital Market. The Staff letter stated that unless the Company requests an appeal of the Staff’s determination, trading of the Company’s common stock will be suspended at the opening of bus

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Source: SEC EDGAR

accession 0001683168-23-005272

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