Summary by Moomoo AI
Esports Entertainment Group, Inc. (Esports Entertainment or EEG), a prominent iGaming and esports content provider, has announced an update to its voluntary delisting from the Nasdaq Stock Market LLC. The delisting, which was previously announced on February 13, 2024, took effect on February 21, 2024, with the suspension of the company's securities including its Common Stock, 10.0% Series A Cumulative Redeemable Convertible Preferred Stock, and Common Stock Warrants. Following the suspension, EEG's securities began trading on the OTC Pink Market of the OTCMarkets. The company also plans to have its securities quoted on the OTCQB Venture Market of the OTCMarkets. This strategic move was communicated to the market through a press release issued on February 20, 2024. Esports Entertainment Group, headquartered in Malta, operates globally with a focus on esports wagering and providing B2B esports solutions. The company is leveraging its position in the esports industry to tap into the multi-billion-dollar markets of esports and esports wagering, as well as the emerging market for short-form esports wagerable content.