St. Julian's, Malta--(Newsfile Corp. - July 9, 2024) - Esports Entertainment Group, Inc. (OTCQB: GMBL) (OTCQB: GMBLP) (OTC Pink: GMBLW) (OTC Pink: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that it filed a Form 15 with the Securities and Exchange Commission (the "SEC") to deregister its common stock, common purchase warrants and 10% Series A Cumulative Redeemable Convertible Preferred Stock under Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and to suspend its reporting obligations under Section 15(d) of the Exchange Act. The Company's obligation to file periodic reports with the SEC, including reports on Forms 10-K, 10-Q and 8-K, will be suspended immediately upon filing of the Form 15.
Esports Entertainment (NASDAQ: GMBL ) stock is a hot topic among traders on Wednesday after the company announced plans to voluntarily delist its shares from the Nasdaq Stock Market. Esports Entertainment said this action was approved by its Board of Directors in an effort to reduce the costs of maintaining a listing on the exchange.
Esports Entertainment (NASDAQ: GMBL ) stock is rising higher on Thursday despite a lack of news from the online gaming and entertainment company. Esports Entertainment hasn't put out any new filings or press releases that would explain why its stock is up this morning.