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Esports Entertainment Group | NT 10-Q: Notice under Rule 12b25 of inability to timely file all or part of a form 10-Q or 10-QSB

電子競技娛樂 | NT 10-Q:季報延遲披露公告

SEC announcement ·  02/16 06:09
牛牛AI助理已提取核心訊息
Esports Entertainment Group, Inc. has filed a notification of late filing for its Quarterly Report on Form 10-Q for the period ended December 31, 2023. The company was unable to file the report by the February 14, 2024 deadline due to challenges that led to its decision to delist from the Nasdaq Capital Markets. These challenges include compiling unaudited financial information and evaluating the effects of delisting and repositioning its strategy. The company anticipates significant changes in its financial results compared to the previous year, with preliminary estimates indicating decreased net revenue and reduced operating expenses. Esports Entertainment Group has also reported a net loss and a total stockholders' deficit below Nasdaq's minimum equity requirement, leading to its delisting. The company is currently...Show More
Esports Entertainment Group, Inc. has filed a notification of late filing for its Quarterly Report on Form 10-Q for the period ended December 31, 2023. The company was unable to file the report by the February 14, 2024 deadline due to challenges that led to its decision to delist from the Nasdaq Capital Markets. These challenges include compiling unaudited financial information and evaluating the effects of delisting and repositioning its strategy. The company anticipates significant changes in its financial results compared to the previous year, with preliminary estimates indicating decreased net revenue and reduced operating expenses. Esports Entertainment Group has also reported a net loss and a total stockholders' deficit below Nasdaq's minimum equity requirement, leading to its delisting. The company is currently under a Nasdaq Panel Monitor and is not in compliance with the Equity Rule. The delisting may negatively impact the company's ability to raise capital and the perception of its financial condition. As of December 31, 2023, the company had approximately $1.1 million in cash on hand, which decreased to about $0.3 million by February 14, 2024. The company is exploring additional financing sources and acknowledges ongoing material weaknesses in its internal control over financial reporting.
電子競技娛樂集團公司已提交延遲提交截至2023年12月31日的10-Q表季度報告的通知。由於挑戰導致其決定從納斯達克資本市場退市,該公司無法在2024年2月14日的最後期限之前提交報告。這些挑戰包括彙編未經審計的財務信息,評估退市和重新定位其戰略的影響。該公司預計,與去年相比,其財務業績將發生重大變化,初步估計表明淨收入減少和運營費用減少。電子競技娛樂集團還報告了淨虧損和股東總赤字低於納斯達克的最低股本要求,導致其退市。該公司目前受納斯達克小組監督,不符合《股權規則》。退市可能會對公司籌集資金的能力和對其財務狀況的看法產生負面影響。截至2023年12月31日,該公司的手頭現金約爲110萬美元,到2024年2月14日已降至約30萬美元。該公司正在探索其他融資來源,並承認其財務報告的內部控制仍然存在重大缺陷。
電子競技娛樂集團公司已提交延遲提交截至2023年12月31日的10-Q表季度報告的通知。由於挑戰導致其決定從納斯達克資本市場退市,該公司無法在2024年2月14日的最後期限之前提交報告。這些挑戰包括彙編未經審計的財務信息,評估退市和重新定位其戰略的影響。該公司預計,與去年相比,其財務業績將發生重大變化,初步估計表明淨收入減少和運營費用減少。電子競技娛樂集團還報告了淨虧損和股東總赤字低於納斯達克的最低股本要求,導致其退市。該公司目前受納斯達克小組監督,不符合《股權規則》。退市可能會對公司籌集資金的能力和對其財務狀況的看法產生負面影響。截至2023年12月31日,該公司的手頭現金約爲110萬美元,到2024年2月14日已降至約30萬美元。該公司正在探索其他融資來源,並承認其財務報告的內部控制仍然存在重大缺陷。

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