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St. Julians, Malta–(Newsfile Corp. – December 5, 2022) – Esports Entertainment Group, Inc. (NASDAK: GMBL ) (NASDAK: GMBLP ) (NASDAK: GMBLV ) (NASDAK: GMBLZ ) (or the “Company”) announced today that on November 30, 2022, the Nasdak Hearings Panel approved its application for continued listing on The Nasdak Capital Market (“Nasdak”). The company’s continued listing on the Nasdaq is subject to demonstrating compliance with the minimum offering price requirement by February 7, 2023, demonstrating compliance with the minimum share capital requirement of $2.5 million in equity by March 31, 2023 and compliance with certain other conditions and requirements. The company is in the process of taking final steps to comply with all applicable terms and conditions for continued listing on Nasdaq.
About Esports Entertainment Group
Esports Entertainment Group (NASDAQ: GMBL ) (EEG) is a full-service esports and online betting company. EEG focuses on three verticals: games, igaming and technology. EEG Games provides a wide range of services and infrastructure for businesses to engage esports and gaming communities around the world, including the Esports Gaming League (EGL), which hosts a community of more than 350,000 players on its own EGL.tv tournament platform. EEG iGaming includes numerous award-winning brands covering traditional online sportsbook betting needs as well as a multinational casino operator. EEG Technology is building next-generation platforms, features and services for millennials, Gen Z consumers and brands looking to connect with this demographic. EEG has offices in New Jersey, Estonia, the United Kingdom and Malta. For more information, visit www.esportsentertainmentgroup.com.
Forward-looking statements
The information contained in this document includes forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that could cause our actual results, activity levels, performance or achievements to be materially different from any future results, level of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and that could, and likely will, materially affect actual results, activity levels, performance or achievements. Any forward-looking statement reflects our current views regarding future events and is subject to these and other risks, uncertainties and assumptions regarding our business, results of operations, growth strategy and liquidity. We undertake no obligation to publicly update or revise these forward-looking statements for any reason, or to update any reasons that could cause actual results to differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The forward-looking statement safe harbor contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Investor Relations Inquiries
ir@esportsentertainmentgroup.com
To view the original version of this press release, visit https://www.nevsfilecorp.com/release/146818
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