Nasdaq grants Esports Entertainment’s request for continued stock market listing
Esports Entertainment Group announced that on November 30, 2022, the Nasdaq Hearings Panel granted its request for continued listing on The Nasdaq Capital Market.
In October Esports Entertainment received a letter from Nasdaq notifying the company it was not in compliance with the minimum bid price rule in Nasdaq Listings.
The company’s continued listing on Nasdaq is subject to its evidencing compliance with the minimum bid price requirement by February 7, 2023, evidencing compliance with the shareholder equity requirement of a minimum $2.5 million stockholder’s equity by March 31, 2023, and adhering to certain other conditions and requirements.
Esports Entertainment is in the process of taking definitive steps to comply with all applicable conditions and criteria for continued listing on Nasdaq.