EBET Received Letter From Nasdaq Staff, Which Notified Co It Does Not Presently Comply With Nasdaq's Listing Rule 5550(B)(1)
Portfolio Pulse from Benzinga Newsdesk
Esports Technologies (EBET) has received a letter from Nasdaq staff notifying the company that it does not currently comply with Nasdaq's Listing Rule 5550(B)(1).
August 21, 2023 | 12:37 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Esports Technologies has been notified by Nasdaq that it is not in compliance with Listing Rule 5550(B)(1).
Non-compliance with Nasdaq's listing rules can lead to potential delisting, which would negatively impact the stock's liquidity and marketability. This news is highly relevant to EBET as it directly pertains to their listing status on the Nasdaq exchange. The importance is high as it could potentially affect the company's stock price and investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100