Codere Online receives delisting determination from Nasdaq, submits appeal

Codere Online (CDRO) announced that it received a staff determination letter from the Listing Qualifications Department of Nasdaq, notifying the company of the determination from the Nasdaq staff to delist the company’s securities from Nasdaq, given the company had not filed its Form 20-F for the year ended December 31, 2024 in accordance with continued Listing Rule 5250. Earlier, the company formally requested both a hearing to review the delisting determination and a further stay of suspension of trading through the duration of the hearing process. Furthermore, in connection with this stay request, the company submitted materials to Nasdaq to explain why this stay is appropriate, as required by Nasdaq. The company has not yet received a determination regarding its request for this further stay of suspension of trading.