Form 8-K - Current report
2023年9月9日 - 6:12AM
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): September 6, 2023
ESPORTS
ENTERTAINMENT GROUP, INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
001-39262 |
|
26-3062752 |
(State or other jurisdiction
of |
|
(Commission |
|
(IRS Employer |
incorporation or organization) |
|
File Number) |
|
Identification No.) |
BLOCK
6,
TRIQ
PACEVILLE,
ST.
JULIANS STJ 3109
MALTA
(Address
of principal executive offices)
356
2713 1276
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock |
|
GMBL |
|
The Nasdaq Stock Market
LLC |
Common Stock Purchase Warrants |
|
GMBLW |
|
The Nasdaq Stock Market
LLC |
10.0% Series A Cumulative
Redeemable Convertible Preferred Stock |
|
GMBLP |
|
The Nasdaq Stock Market
LLC |
Common Stock Purchase Warrants |
|
GMBLZ |
|
The Nasdaq Stock Market
LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On
September 6, 2023, Esports Entertainment Group, Inc. (the “Company”) received a deficiency notification letter from the Listing
Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq
Listing Rule 5550(a)(2) because the bid price for the Company’s common stock had closed below $1.00 per share for longer than the
previous 30 consecutive business days.
In
accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of such notice, or until March 4,
2024, to regain compliance with the minimum bid price requirement. To regain compliance, the bid price for the Company’s common
stock must close at $1.00 per share or more for a minimum of 10 consecutive business days.
Nasdaq’s
written notice has no effect on the listing or trading of the Company’s common stock at this time, and the Company is currently
evaluating its alternatives to resolve this listing deficiency.
This
Current Report on Form 8-K is filed to satisfy the obligation under Nasdaq Listing Rule 5810(b) and Item 3.01(a) of Form 8-K that the
Company publicly disclose the deficiency within four (4) business days after the date of the deficiency letter.
As
previously disclosed, on June 13, 2023, the Company demonstrated compliance with the $2,500,000 minimum stockholders’ equity requirement,
as outlined in Listing Rule 5550(b)(1), but remains subject to a “Panel Monitor,” as defined by Nasdaq Listing Rule 5815(d)(4)(A),
through June 13, 2024.
Forward-Looking
Statements
The
information contained herein includes forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally can be identified by words such as “anticipates,” “believes,” “estimates,”
“expects,” “intends,” “plans,” “predicts,” “projects,” “will be,”
“will continue,” “will likely result,” and similar expressions. These statements relate to future events or to
our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results,
levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance
or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements
since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could,
and likely will, materially affect actual results, levels of activity, performance or achievements. Factors that could cause or contribute
to such differences include, but are not limited to, those discussed in our most recent Annual Report on Form 10-K and subsequent Quarterly
Reports on Form 10-Q, and those discussed in other documents we file with the SEC, including, our ability to maintain compliance with
Nasdaq Listing Rules, our obligations under our outstanding preferred stock, and our ability to continue as a going concern. Any forward-looking
statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions
relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise
these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated
in these forward-looking statements, even if new information becomes available in the future, unless required by law.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date: September 8, 2023 |
|
|
|
|
|
|
ESPORTS ENTERTAINMENT GROUP, INC. |
|
|
|
|
By: |
/s/ Michael
Villani |
|
Name: |
Michael Villani |
|
Title: |
Chief Financial Officer and Controller |
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Esports Entertainment (NASDAQ:GMBLP)
過去 株価チャート
から 5 2024 まで 6 2024
Esports Entertainment (NASDAQ:GMBLP)
過去 株価チャート
から 6 2023 まで 6 2024