Codere Online has informed the Securities and Exchange Commission (SEC) that it risks expulsion from the US Global Nasdaq index.
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On May 20, the company received a warning letter from the Nasdaq Stock Market for not submitting its 2023 accounts on time. As a result, Codere Online does not meet the standard requirements to continue trading on the US stock market.
Codere Online failed to present its annual report on Form 20-F for the year ended December 31, 2023. To comply, the company must submit a compliance plan within 60 calendar days that certifies adherence to Nasdaq listing standards.
If Nasdaq accepts the response, Codere Online could get an extension until November 11 to comply.
