Sports Entertainment Gaming Global Corp: receives Nasdaq notice of delisting

What happened

• The company reported that on Oct 14, 2026 it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Staff Determination”) notifying the company that, because it has not filed its Quarterly Report on Form 10-Q for the quarter ended Jun 30, 2026, it has not regained compliance with Nasdaq Listing Rule 5250(c)(1). The Staff Determination states that, unless the company requests a hearing by Oct 21, 2026 at 4:00 p.m. Eastern Time, trading in the company’s common stock and warrants will be suspended at the open on Oct 23, 2026 and Nasdaq will file a Form 25-NSE to remove the company’s securities from listing and registration on Nasdaq. The company has requested a hearing.

Key details

• The Staff gave the company the maximum time under Nasdaq rules through Oct 12, 2026 to regain compliance.
• The company filed its Annual Report on Form 10-K on Jul 10, 2026 and its Form 10-Q for the quarter ended Mar 31, 2026 on Oct 8, 2026; the Q2 Form 10-Q (quarter ended Jun 30, 2026) is identified as the only delinquent report.
• A hearing request relating to a delinquent filing stays suspension for 15 days from the request; the company will ask the Nasdaq Hearings Panel to extend the stay through the hearing and the Panel’s written decision. The Panel may grant an exception for up to 180 days from the date of the Staff Determination.
• The company said it currently expects to file the Q2 Form 10-Q as soon as practically possible, subject to completion of its independent registered public accounting firm’s review. The company issued a press release on Oct 20, 2026 announcing receipt of the Staff Determination.

Why it may matter

• Item 3.01 (notice of delisting or failure to satisfy a continued listing rule or standard) was reported; that item covers Nasdaq notification and the company’s request for a hearing and potential relief. The filing also includes statements under Item 8.01 about the company’s evaluation of its disclosure controls and internal control over financial reporting. This filing does not show why the insider traded or why the company acted.