AESE - Nasdaq writes to Allied Esports Entertainment over non-compliance with listing rules

Nasdaq has written to global esports entertainment company Allied Esports Entertainment (NASDAQ:AESE) about non-compliance with the stock exchange's listing rules. AESE has not yet filed its Form 10-Q for the period ended Mar. 31, and remains delinquent in filing its Form 10-K for the period ended Dec. 31, 2021. Nasdaq's listing rules require companies with securities listed on the stock exchange to timely file all required periodic reports with the U.S. Securities and Exchange Commission. AESE will have to submit a plan to regain compliance by Jun. 20. Additionally, the company's auditors have requested the verification of certain information related to its World Poker Tour business that was sold to a third party in Jul. 2021. AESE continues to expect to file its Form 10-K for the period ending Dec. 31, 2021, after May 25 market close. Shares were trading -0.69% post-market.

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Nasdaq writes to Allied Esports Entertainment over non-compliance with listing rules