Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On October, 11, 2022, Esports Entertainment Group, Inc. (the "Company") received a letter from the Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has not regained compliance with the minimum bid price rule in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Rule") by October 10, 2022 and is not eligible for a second 180 day extension as the Company does not comply with the stockholders' equity initial listing requirement for The Nasdaq Capital market.

The Company intends to submit an appeal to Nasdaq, which stays the delisting and suspension of the Company's securities pending the decision of the Nasdaq Hearings Panel (the "Panel") until the determination of the Hearings Panel. At the hearing, the Company intends to present its plan to regain compliance with the Minimum Bid Price Rule to the Panel. There can be no assurance that the Company will obtain an extension period from the Panel within which to regain compliance with the Minimum Bid Price Rule, or, if the Panel grants such an extension period, that the Company will be able to evidence compliance with the Minimum Bid Price Rule before the extension period expires.





Exhibit
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