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Esports Entertainment Group | 8-K: Current report

电子竞技娱乐 | 8-K:重大事件

SEC announcement ·  02/14 03:40
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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
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-filing. Following the delisting, EEG's securities are expected to be listed on the OTCQB Venture Market. Additionally, EEG is contemplating deregistering its Common Stock under Section 12(g) of the Exchange Act to further reduce costs and allow management to concentrate on performance improvement. The company's CEO, Alex Igelman, expressed that despite the intrinsic value of the business, the current market price does not reflect this, and the move to OTCMarkets will enable EEG to reallocate resources to more profitable initiatives.
2024年2月13日,著名的电子博彩和电子竞技内容提供商电子竞技娱乐集团有限公司(EEG)宣布决定自愿将其证券从纳斯达克股票市场退市。受影响的证券包括公司的普通股、10.0%的A系列累计可赎回可转换优先股和普通认股权证。该决定是由董事会经过仔细考虑后做出的,旨在降低公共成本,同时公司专注于增长和盈利。EEG目前不符合纳斯达克的最低股东权益要求,并受纳斯达克小组监督。该公司计划在2024年2月23日左右向美国证券交易委员会提交25号表格,以继续退市,退市预计将在提交后10天生效。退市后,EEG的证券预计将在OTCQB风险市场上市。此外,EEG正在考虑根据《交易法》第12(g)条取消其普通股的注册,以进一步降低成本并允许管理层专注于绩效改进。该公司首席执行官亚历克斯·伊格尔曼表示,尽管该业务具有内在价值,但当前的市场价格并不能反映这一点,转向场外市场将使EEG能够将资源重新分配给利润更高的计划。
2024年2月13日,著名的电子博彩和电子竞技内容提供商电子竞技娱乐集团有限公司(EEG)宣布决定自愿将其证券从纳斯达克股票市场退市。受影响的证券包括公司的普通股、10.0%的A系列累计可赎回可转换优先股和普通认股权证。该决定是由董事会经过仔细考虑后做出的,旨在降低公共成本,同时公司专注于增长和盈利。EEG目前不符合纳斯达克的最低股东权益要求,并受纳斯达克小组监督。该公司计划在2024年2月23日左右向美国证券交易委员会提交25号表格,以继续退市,退市预计将在提交后10天生效。退市后,EEG的证券预计将在OTCQB风险市场上市。此外,EEG正在考虑根据《交易法》第12(g)条取消其普通股的注册,以进一步降低成本并允许管理层专注于绩效改进。该公司首席执行官亚历克斯·伊格尔曼表示,尽管该业务具有内在价值,但当前的市场价格并不能反映这一点,转向场外市场将使EEG能够将资源重新分配给利润更高的计划。

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