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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 12, 2023
___________________________
EBET, Inc.
(Exact name of registrant as specified in its
charter)
___________________________
Nevada |
001-40334 |
85-3201309 |
(State or other jurisdiction of
incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
3960
Howard Hughes Parkway, Suite 500, Las
Vegas, NV 89169
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including
area code: (888) 411-2726
Not Applicable
(Former Name or Former Address, if Changed
Since Last Report)
___________________________
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Securities registered pursuant to Section
12(b) of the Act:
Title of each class |
Trading
Symbols(s) |
Name
of each exchange on which registered |
Common stock, par value $0.001 per share |
EBET |
The NASDAQ Stock Market LLC |
| Item 3.01. | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On
October 12, 2023, EBET, Inc. (the “Company”) received written notice (the “Notice”) from the Nasdaq Stock Market,
LLC (“Nasdaq”) that it would delist the Company’s shares of common stock from the Nasdaq Capital Market upon the opening
of trading on October 13, 2023. The Company’s common stock will be traded on the OTC Pink Sheets while it pursues an uplisting
to the OTCQB exchange. There can be no assurance that a market for the Company’s shares will develop on either the OTC Pink Sheets
or OTCQB exchange, if the Company is able to uplist to such exchange.
Item 9.01. |
Financial Statements and Exhibits. |
(d) Exhibits.
SIGNATURE
Pursuant to the requirements
of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
EBET, INC. |
|
|
|
|
Date: October 12, 2023 |
|
|
By: /s/
Matthew
Lourie |
|
Matthew Lourie |
|
Chief Financial Officer |
Exhibit 99.1
EBET Common Stock
to Begin Trading on the OTC Pink Sheets on October 13
EBET to Cease from Trading on Nasdaq
EBET, Inc. (“EBET” or the “Company”),
a global online i-gaming casino website operator, today announced that on October 12, 2023 it received formal notice from the NASDAQ Stock
Market that the Company’s common stock has been suspended from trading on the Nasdaq Capital Market effective October 13, 2023,
due to failure to demonstrate compliance with Listing Rules 5550(a)(2) and 5550(b)(1).
The Company’s common stock will be quoted
on the Pink Sheets platform operated by OTC Markets Group Inc. (the “OTC”) and will commence trading on October 13, 2023 at
the market open under the “EBET” ticker symbol.
The Company’s stock will be quoted on the
OTC Pink® Open Market while it pursues an uplisting to the OTCQB exchange.
About EBET
EBET operates and develops i-gaming wagering products
for bettors around the world. The Company is focused on bringing better i-gaming products to market in order to cater to the Millennial
and Gen-Z demographics in the wagering space. EBET operates online sportsbook and casino brands Karamba, Hopa, Griffon Casino, BetTarget,
Dansk777, GenerationVIP and Gogawi, active in countries around the world. The company was awarded Esport Product of the Year at the 2021
SiGMA Europe and the 2022 SiGMA Asia and SiGMA Americas Awards. Its brand Karamba received SBC's award for Innovation in Casino &
Gaming Entertainment and the 2022 SiGMA Americas award for Online Casino of the Year. For more information, visit: https://ebet.gg/.
Forward Looking Statements
This press release contains certain forward-looking
statements within the meaning of Section 27A of the Act, and Section 21E of the Securities Exchange Act of 1934, as amended, and Private
Securities Litigation Reform Act, as amended, including those relating to the Company’s ability to uplist its common stock to the
OTCQB. These statements relate to future events, future expectations, plans and prospects. These statements may be identified by the use
of forward-looking expressions, including, but not limited to, "expect," "anticipate," "intend," "plan,"
"believe," "estimate," "potential," "predict," "project," "should," "would"
and similar expressions and the negatives of those terms. Although the Company believes that the expectations reflected in such forward-looking
statements are reasonable as of the date made, actual results or outcomes may prove to be materially different from the expectations expressed
or implied by such forward-looking statements. Meaningful factors that could cause actual results to differ include, but are not limited
to, whether we will have adequate financial resources to enable us to pursue our business successfully. These statements are only predictions
and involve known and unknown risks, uncertainties, and other factors, including those discussed in the Company’s filings with the
Securities and Exchange Commission, including as set forth in Item 1A. “Risk Factors” in the Company’s most recently
filed Form 10-K filed with the Securities and Exchange Commission and updated from time to time in its Form 10-Q filings and in its other
public filings with the SEC. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements
as a result of subsequent events or developments, except as required by law.
Investor Relations Contact:
irc@ebet.gg
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