Esports entertainment group announces voluntary delisting from the nasdaq and transfer to the otcqb venture market
Temporary shift to otc markets expected to drive additional cost savings st. julian's, malta--(newsfile corp. - february 13, 2024) - esports entertainment group, inc. (nasdaq: gmbl) (nasdaq: gmblp) (nasdaq: gmblw) (nasdaq: gmblz) ("esports entertainment", "eeg", or the "company"), a leading, global igaming company and business-to-business (b2b) esports content and solutions provider, today announced that its board of directors, after thorough and careful consideration of all available information, has approved a voluntary delisting of the company's common stock, par value $0.01, 10.0% series a cumulative redeemable convertible preferred stock and common warrants (the "securities") from the nasdaq stock market ("nasdaq"), which is expected to reduce the company's public costs as it advances its strategy to drive growth and profitability. as a result, the company anticipates that it will file with the securities and exchange commission a form 25 relating to the delisting of its securities and expects its securities will be listed on the otcqb® venture market of the otc markets, until such time it decides to reapply and is approved to relist on a senior u.s. exchange.
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