TORONTO – B2B gaming technology platform provider Bragg Gaming Group (TSX: BRAG, OTC: BRGGF) announced today that the Company has filed an application to list its common shares on the Nasdaq Stock Market.
In connection with today’s mailing of the Company’s management information circular for its Annual General and Special Shareholders Meeting, Bragg is seeking authorization from shareholders to grant the board of directors the discretion to complete a share consolidation, if necessary, in order to demonstrate compliance with the applicable Nasdaq initial listing price requirement.
The Circular seeks authorization for a range of ratios up to one (1) share for fifteen (15) shares. In the event a share consolidation is required to meet the applicable Nasdaq listing requirement, the Company will delay implementation of the consolidation until it believes that it has demonstrated to Nasdaq compliance with all other applicable requirements for initial listing. The consolidation would take effect a minimum of five business days prior to listing on Nasdaq. The Company’s proposed Nasdaq listing is dependent on satisfying Nasdaq quantitative and qualitative listing standards and there is no assurance that such listing will be completed.
Bragg Gaming Group (TSX: BRAG, OTC: BRGGF) is a global B2B gaming technology platform provider. With operations across Europe and North America, Bragg is expanding into an international force within the burgeoning global online gaming market. Bragg’s main brand is ORYX Gaming, an innovative business-to-business iGaming platform, casino content aggregator, managed sportsbook and managed services provider, offering cutting-edge content from leading studios.
We seek Safe Harbor.