Summary by Futu AI
On February 13, 2024, Esports Entertainment Group, Inc. (EEG), a prominent iGaming and esports content provider, announced its decision to voluntarily delist its securities from the Nasdaq Stock Market. The securities affected include the company's Common Stock, 10.0% Series A Cumulative Redeemable Convertible Preferred Stock, and Common Warrants. The decision was made by the Board of Directors after careful consideration and is aimed at reducing public costs while the company focuses on growth and profitability. EEG is currently not in compliance with Nasdaq's minimum stockholders' equity requirement and is under a Nasdaq Panel Monitor. The company plans to file a Form 25 with the SEC on or about February 23, 2024, to proceed with the delisting, which is expected to take effect 10 days post...Show More