Esports Entertainment Group Inc. Common Stock

GMBL

Market cap $1.98M

St. Julian's, Malta, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (“Esports Entertainment”, “EEG”, or the “Company”), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced an update to its voluntary delisting from the Nasdaq Stock Market LLC (“Nasdaq”). On the opening of trading on February 21, 2024, the Company's Common Stock, par value $0.01 per share, 10.0% Series A Cumulative Redeemable Convertible Preferred Stock and Common Stock Warrants (the “Securities”) will be suspended on Nasdaq and will be quoted on the OTC Pink Market of the OTCMarkets initially, while seeking to subsequently have its Securities quoted on the OTCQB® Venture Market of the OTCMarkets.

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.

Temporary Shift to OTC Markets Expected to Drive Additional Cost Savings St. Julian's, Malta--(Newsfile Corp. - February 13, 2024) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that its Board of Directors, after thorough and careful consideration of all available information, has approved a voluntary delisting of the Company's Common Stock, par value $0.01, 10.0% Series A Cumulative Redeemable Convertible Preferred Stock and Common Warrants (the "Securities") from the Nasdaq Stock Market ("Nasdaq"), which is expected to reduce the Company's public costs as it advances its strategy to drive growth and profitability. As a result, the Company anticipates that it will file with the Securities and Exchange Commission a Form 25 relating to the delisting of its Securities and expects its Securities will be listed on the OTCQB® Venture Market of the OTC Markets, until such time it decides to reapply and is approved to relist on a senior U.S. Exchange.

St. Julian's, Malta--(Newsfile Corp. - December 20, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that its Board of Directors has approved a 1-for-400 reverse stock split of the Company's common stock, par value $0.001 (the "Common Stock"). The reverse stock split will become effective at 4:01 PM ET on December 21, 2023.

Julians, Malta--(Newsfile Corp. - December 8, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that its Board of Directors has suspended payment of the monthly cash dividend on the Company's outstanding 10% Series A Cumulative Redeemable Convertible Preferred Stock (the "Series A Preferred Stock"), commencing with the monthly dividend that would otherwise be payable in December 2023. Alex Igelman, CEO of Esports Entertainment, stated, "We are temporarily suspending the dividend on our 10% Series A Cumulative Redeemable Convertible Preferred Stock, as we believe we can effectively reinvest the capital in the business in order to drive the greatest return on capital for shareholders.

Initiatives Expanding Esports and iGaming Offerings, Focusing on End-to-End Betting Solutions High Standards and Regulatory Compliance Remain at the Forefront; Ensuring Solutions Meet State-by-State Standards to Support Expected Rapid Expansion within Sizable U.S. Market Julians, Malta--(Newsfile Corp. - November 21, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today provided strategic, financial, and operational updates for the fiscal first quarter ended September 30, 2023. "In recent months, we have thoroughly reviewed our Company, focusing on the expected trends in esports and iGaming," said Alex Igelman, CEO of Esports Entertainment.