share_log

Esports Entertainment Group | NT 10-Q: Notice under Rule 12b25 of inability to timely file all or part of a form 10-Q or 10-QSB

电子竞技娱乐 | NT 10-Q:季报延迟披露公告

SEC announcement ·  02/15 17:09
Moomoo AI 已提取核心信息
Esports Entertainment Group, Inc. has filed a notification of late filing for its Quarterly Report on Form 10-Q for the period ended December 31, 2023. The company was unable to file the report by the February 14, 2024 deadline due to challenges that led to its decision to delist from the Nasdaq Capital Markets. These challenges include compiling unaudited financial information and evaluating the effects of delisting and repositioning its strategy. The company anticipates significant changes in its financial results compared to the previous year, with preliminary estimates indicating decreased net revenue and reduced operating expenses. Esports Entertainment Group has also reported a net loss and a total stockholders' deficit below Nasdaq's minimum equity requirement, leading to its delisting. The company is currently...Show More
Esports Entertainment Group, Inc. has filed a notification of late filing for its Quarterly Report on Form 10-Q for the period ended December 31, 2023. The company was unable to file the report by the February 14, 2024 deadline due to challenges that led to its decision to delist from the Nasdaq Capital Markets. These challenges include compiling unaudited financial information and evaluating the effects of delisting and repositioning its strategy. The company anticipates significant changes in its financial results compared to the previous year, with preliminary estimates indicating decreased net revenue and reduced operating expenses. Esports Entertainment Group has also reported a net loss and a total stockholders' deficit below Nasdaq's minimum equity requirement, leading to its delisting. The company is currently under a Nasdaq Panel Monitor and is not in compliance with the Equity Rule. The delisting may negatively impact the company's ability to raise capital and the perception of its financial condition. As of December 31, 2023, the company had approximately $1.1 million in cash on hand, which decreased to about $0.3 million by February 14, 2024. The company is exploring additional financing sources and acknowledges ongoing material weaknesses in its internal control over financial reporting.
电子竞技娱乐集团公司已提交延迟提交截至2023年12月31日的10-Q表季度报告的通知。由于挑战导致其决定从纳斯达克资本市场退市,该公司无法在2024年2月14日的最后期限之前提交报告。这些挑战包括汇编未经审计的财务信息,评估退市和重新定位其战略的影响。该公司预计,与去年相比,其财务业绩将发生重大变化,初步估计表明净收入减少和运营费用减少。电子竞技娱乐集团还报告了净亏损和股东总赤字低于纳斯达克的最低股本要求,导致其退市。该公司目前受纳斯达克小组监督,不符合《股权规则》。退市可能会对公司筹集资金的能力和对其财务状况的看法产生负面影响。截至2023年12月31日,该公司的手头现金约为110万美元,到2024年2月14日已降至约30万美元。该公司正在探索其他融资来源,并承认其财务报告的内部控制仍然存在重大缺陷。
电子竞技娱乐集团公司已提交延迟提交截至2023年12月31日的10-Q表季度报告的通知。由于挑战导致其决定从纳斯达克资本市场退市,该公司无法在2024年2月14日的最后期限之前提交报告。这些挑战包括汇编未经审计的财务信息,评估退市和重新定位其战略的影响。该公司预计,与去年相比,其财务业绩将发生重大变化,初步估计表明净收入减少和运营费用减少。电子竞技娱乐集团还报告了净亏损和股东总赤字低于纳斯达克的最低股本要求,导致其退市。该公司目前受纳斯达克小组监督,不符合《股权规则》。退市可能会对公司筹集资金的能力和对其财务状况的看法产生负面影响。截至2023年12月31日,该公司的手头现金约为110万美元,到2024年2月14日已降至约30万美元。该公司正在探索其他融资来源,并承认其财务报告的内部控制仍然存在重大缺陷。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息