Recent years have been difficult for Esports Entertainment Group, which has experienced brand closures, a financial default, and huge operating losses. EEG stated that there had been "serious doubt" about its capacity to remain a going concern for at atleast a year in the company's financial results report published in May.
After the company went into default on its debt, the firm revealed in October that it was essentially at the mercy of an anonymous creditor.
The company announced earlier this week that it had avoided delisting, but that in order to stay on the Nasdaq exchange, it must significantly raise the price of its shares by February.
After the company went into default on its debt, the firm revealed in October that it was essentially at the mercy of an anonymous creditor.
The company announced earlier this week that it had avoided delisting, but that in order to stay on the Nasdaq exchange, it must significantly raise the price of its shares by February.
