Announcement • Jul 10
Esports Entertainment Group Files Form 15 Esports Entertainment Group, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock GMBL under the Securities Exchange Act of 1934, as amended. Announcement • May 17
Esports Entertainment Group, Inc. announced delayed 10-Q filing On 05/15/2024, Esports Entertainment Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Mar 14
Esports Entertainment Group, Inc. announced that it has received $1.42 million in funding On March 13, 2024, Esports Entertainment Group, Inc. closed the transaction. Announcement • Feb 23
Esports Entertainment Group, Inc.(OTCPK:GMBL) dropped from S&P TMI Index Esports Entertainment Group, Inc.(OTCPK:GMBL) dropped from S&P TMI Index Announcement • Feb 16
Esports Entertainment Group, Inc. announced delayed 10-Q filing On 02/15/2024, Esports Entertainment Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Feb 14
Esports Entertainment Group Announces Voluntary Delisting from the Nasdaq and Transfer to the OTCQB® Venture Market Esports Entertainment Group, Inc. 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 from the Nasdaq Stock Market, 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 OTCMarkets, until such time it decides to reapply and is approved to relist on a senior U.S. Exchange. On February 13, 2024, when the Company informed the Nasdaq of its intention to delist it was under a Nasdaq Panel Monitor and not in compliance with the Nasdaq’s stockholders’ equity requirement. Alex Igelman, CEO of Esports Entertainment Group, stated, “While we have solid assets inside the business, and have assembled a first-class management and board, the restructuring and turnaround of the business has been no small undertaking. Although we have made substantial and rapid progress, we have several more significant initiatives still underway. At the same time, the expenses related to maintaining our Nasdaq listing are significant, and, despite our listing on a senior U.S. exchange, we do not believe the current market price reflects the intrinsic value of our business. At the moment, we are 100% focused on driving growth and profitability and believe that this move to the OTCMarkets will allow us to regroup as we execute on the aforementioned initiatives. In this way, assuming we meet the listing requirements, we could relist on a senior U.S. Exchange at a time of our choosing. In the meantime, we plan to reallocate resources towards activities, some of which we have previously identified, that we believe will generate the highest return on capital and maximum long-term value for our shareholders”. Announcement • Jan 10
Esports Entertainment Group, Inc. Announces Resignation of Chul Woong Lim as Director On January 3, 2024, Chul Woong Lim, a director of the Company, notified the Company that he would be resigning as a director of the Company and would therefore not be standing for reelection to the Company’s Board of Directors at the 2023 Annual Meeting of the Stockholders. Mr. Lim’s resignation from the Board and the Audit Committee and the Compensation, Nominating and Corporate Governance Committee will be effective on the day of the 2023 Annual Meeting. Mr. Lim’s decision to resign was not the result of any disagreement between Mr. Lim and the Company. Announcement • Dec 01
Esports Entertainment Receives Non-Compliance Notice from Nasdaq On November 28, 2023, Esports Entertainment Group, Inc. (the “Company”) received a deficiency notification letter from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with the $2,500,000 minimum stockholders’ equity requirement, as outlined in Nasdaq Listing Rule 5550(b)(1) (the “Equity Rule”) because the Company’s reported stockholders’ equity as of September 30, 2023 was below this minimum amount. The notification advised the Company that the Nasdaq Hearings Panel (the “Panel”) will consider this matter in rendering a determination regarding the Company’s continued listing on The Nasdaq Capital Market. The Company will present its plan to regain compliance with the Equity Rule and, as previously disclosed, the minimum bid price requirement concern set in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”), at its Panel hearing scheduled for December 14, 2023. There can be no assurance that the Company will regain compliance or if the Company will be able to evidence compliance with all applicable requirements for continued listing that will satisfy the Panel. 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. Announcement • Nov 15
Esports Entertainment Group, Inc. announced delayed 10-Q filing On 11/14/2023, Esports Entertainment Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 24
Esports Entertainment Group, Inc. Receives Non-Compliance Letter Form Nasdaq On October 20, 2023, Esports Entertainment Group, Inc. (the Company") received a deficiency notification letter from the Listing Qualifications Staff (the Staff") of The Nasdaq Stock Market LLC (Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the Low Priced Stocks Rule") because the bid price for the Company's common stock had closed at or below $0.10 per share for ten consecutive trading days. The notification letter from Nasdaq advised the Company that the trading of its securities will be suspended at the opening of business on October 31, 2023 unless the Company requests a hearing before a Nasdaq Hearings Panel (the Panel") to appeal the determination. Accordingly, the Company intends to timely request a hearing before the Panel. The hearing request will automatically stay any suspension or delisting action pending the hearing and the expiration of any additional extension period granted by the Panel following the hearing. As previously disclosed, on September 6, 2023, the Company received a deficiency notification letter that the bid price of its common stock had closed at less than $1.00 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5550(a)(2) (the Minimum Bid Price Rule"). In accordance with Listing Rule 5810(c)(3)(A), the Company was provided a 180 calendar day grace period, or until March 4, 2024, to regain compliance with the Minimum Bid Price Rule. The new notice has the effect of terminating the previously granted bid price grace period. At the hearing, the Company intends to present its plan to regain compliance with the Minimum Bid Price Rule to the Panel. There can be no assurance that the Company will obtain an extension period from the Panel within which to regain compliance or that, if the Panel grants such an extension period, the Company will be able to evidence compliance with all applicable requirements for continued listing before the extension period expires. 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. Further, 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. Announcement • Oct 01
Esports Entertainment Group, Inc. announced delayed annual 10-K filing On 09/29/2023, Esports Entertainment Group, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Sep 10
Esports Entertainment Group, Inc. Receives Deficiency Notification Letter from Nasdaq 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. 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. Announcement • Jun 13
Esports Entertainment Group, Inc. Appoints Robert Soper as Member of the Board Esports Entertainment Group, Inc. On June 6, 2023, the board of directors of the company appointed Mr. Robert Soper as a member of the Board, effective immediately. Mr. Soper has served as Chief Executive Officer and Founder of Sun Gaming & Hospitality LLC since April 2017. Mr. Soper also served as International President for Mohegan Gaming & Entertainment from March 2021 to June 2022. Prior to this, Mr. Soper spent over 20 years serving in various executive roles, including as President and Chief Executive Officer of various Mohegan Sun entities. Mr. Soper currently serves on the board of directors of Playgon Games, a Toronto-based public company. Mr. Soper was selected to serve as a director due to his extensive experience in the gaming industry. Announcement • Jun 03
Esports Entertainment Group, Inc. Announces Appointment of Damian Mathews as Its New Chief Operating Officer Esports Entertainment Group, Inc. announced the appointment of Damian Mathews as its new Chief Operating Officer. Mr. Mathews currently serves as a member of the Company's board of directors, a position he has held since June 2020. Mr. Mathews brings over 25 years of experience in senior finance positions within investment management, banking and accounting. Previously, Mr. Mathews served as Group Chief Operating Officer for Auckland Real Estate. He also served as CFO of the Qatar and Abu Dhabi Investment Company (a sovereign wealth fund owned investment company) from 2014 to 2020 and as Director of his own consultancy, NZ Pacific Investments, from 2012 to 2014. He has also held senior management positions at Commonwealth Bank of Australia Group, including General Manager Finance (New Zealand); Head of Finance and Operations Americas (United States); and Head of Change Management (Australia). He also served as a Director in Product Control at ABN Amro bank in London, and held various senior financial controller positions at Royal Bank of Scotland Group in London. Earlier in his career, he served as an Assistant Vice President at Credit Suisse First Boston investment bank in London and the Bahamas, as well an Assistant Manager at KPMG in London. Mr. Mathews holds a joint honors undergraduate degree in Economics and Politics from the University of Bristol in the UK and is a fellow of the Institute of Chartered Accountants in England and Wales. Announcement • May 28
Esports Entertainment Group, Inc. announced that it has received $4.3 million in funding from Ayrton Capital LLC On May 26, 2023, Esports Entertainment Group, Inc. closed the transaction. Announcement • May 16
Esports Entertainment Group, Inc. announced delayed 10-Q filing On 05/15/2023, Esports Entertainment Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Feb 16
Gameday Group Plc entered into a share purchase agreement to acquire Prozone Limited from Esports Entertainment Group, Inc. (NasdaqCM:GMBL) for €1.8 million. Gameday Group Plc entered into a share purchase agreement to acquire Prozone Limited from Esports Entertainment Group, Inc. (NasdaqCM:GMBL) for €1.8 million on February 14, 2023. Announcement • Feb 15
Esports Entertainment Group, Inc. announced delayed 10-Q filing On 02/14/2023, Esports Entertainment Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Feb 11
Esports Entertainment Group Receives Notice from Nasdaq Hearings Panel On February 8, 2023, Esports Entertainment Group, Inc. (the ‘company’) received a notice from The Nasdaq Stock Market LLC (‘Nasdaq’) Hearings Panel (‘Panel’) notifying the company that it was granted continued listing of its common stock on the Capital Market tier of the Nasdaq, subject to the Company evidencing compliance with Nasdaq's minimum bid price and $2.5 million stockholders' equity requirement, as set forth in Nasdaq Listing Rules 5550(a)(2) and 5550(b)(1), respectively, on or before March 7, 2023 and March 31, 2023, respectively, and adhering to certain other conditions and requirements. The Company is in the process of taking definitive steps to comply with all applicable conditions and criteria for continued listing on Nasdaq. There can be no assurances, however, that the Company will be able to do so. The company must satisfy the time frame granted by the Panel or Nasdaq will provide written notification that its securities will be delisted. Announcement • Dec 29
Esports Entertainment Group, Inc., Annual General Meeting, Jan 26, 2023 Esports Entertainment Group, Inc., Annual General Meeting, Jan 26, 2023, at 10:00 US Eastern Standard Time. Agenda: To consider and elect four directors to serve until the next annual meeting of stockholders and until respective successors shall have been duly elected and qualified, to consider and approve, in a non-binding advisory vote, the compensation of the Company's named executive officers as disclosed in this proxy statement, to consider and ratify the selection of Marcum LLP as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2023; and to transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof. 