Esports Entertainment Group (GMBL) has released an update.
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Esports Entertainment Group, Inc. has decided to voluntarily delist its securities from the Nasdaq Stock Market due to non-compliance with the minimum stockholders’ equity requirement. The company plans to move its listings to the OTCQB Venture Market, with the aim of cutting public costs and focusing on growth and profitability. This strategic move may lead to a suspension of SEC reporting obligations to further reduce costs and shift management’s attention towards improving company performance.
For further insights into GMBL stock, check out TipRanks’ Stock Analysis page.