Esports Entertainment Group Earlier Announced Update To Voluntary Delisting From The Nasdaq, At The Opening Of Trading On February 21, 2024
Portfolio Pulse from Benzinga Newsdesk
Esports Entertainment Group, Inc. (GMBL) announced an update to its voluntary delisting from the Nasdaq, effective at the opening of trading on February 21, 2024. The company's securities, including Common Stock, Series A Preferred Stock, and Common Stock Warrants, will be suspended on Nasdaq and initially quoted on the OTC Pink Market, with plans to move to the OTCQB Venture Market subsequently.
February 20, 2024 | 7:21 pm
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Esports Entertainment Group's voluntary delisting from Nasdaq and move to OTC Pink Market may impact investor perception and liquidity.
Delisting from a major exchange like Nasdaq generally leads to a negative perception among investors due to the perceived decrease in liquidity and visibility. This move could potentially lead to a decrease in the stock's price in the short term as investors reassess the company's value outside of a major exchange.
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