Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
In November 2022, SharpLink Gaming Ltd. (the "Company") announced that it had
received a letter from Nasdaq Listing Qualifications ("Nasdaq") indicating that
the Company was no longer in compliance with the minimum bid price requirement
for continued listing set forth in Listing Rule 5550(a)(2) (the "Rule), which
requires listed securities to maintain a minimum bid price of $1.00 per share.
The Company would be able to regain compliance if at any time during an initial
180-day period (through May 3, 2023), the closing bid price of its ordinary
shares was at least $1.00 for a minimum of ten consecutive business days.
On April 25, 2023, the Company effected a 1-for-10 reverse stock split as a
means to cure the bid price deficiency and, for a period of ten consecutive
trading days through May 9, 2023, the closing bid price of the Company's
ordinary shares was above $1.00.
On May 5, 2023, the Company received a Staff Determination Letter (the "Letter")
from Nasdaq that the Company had not regained compliance with the Rule during
the initial 180 days (by May 3, 2023) and was not eligible for a second 180-day
period to regain compliance. The Letter advised that the Company may request an
appeal of this determination and pay a hearing fee no later than May 12, 2023,
and unless the Company did so, the Company's ordinary shares would be suspended
at the opening of business on May 16, 2023 and would subsequently be removed
from listing and registration.
On May 10, 2023, Nasdaq notified the Company that since the bid price of the
Company's ordinary shares closed above $1.00 for ten consecutive trading days
from April 26, 2023 through May 9, 2023, the Company had cured the bid price
deficiency, its ordinary shares would not be suspended or delisted and the
matter was considered closed. As a result, the Company is currently in
compliance with the Rule and the Company's ordinary shares will continue to
trade on The Nasdaq Capital Market under the symbol "SBET."
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© Edgar Online, source Glimpses
SHARPLINK GAMING, INC. 
