Brag House Provides Update on Status of Form 10-Q Filing and Reaffirms Strategic Focus on Gen Z Engagement and Learfield Partnership Expansion
- Partnership with Florida Gators Athletics and Learfield demonstrates successful execution of business strategy
- Successful launch of Brag Gators Gauntlet: Baseball Edition showing product viability
- Planned expansion to additional universities in 2025 indicates growth potential
- Delayed filing of Q1 2025 Form 10-Q leading to Nasdaq non-compliance notice
- Risk of potential delisting if compliance plan is not submitted by July 28
- Operational infrastructure still needs enhancement as indicated by filing delays
Insights
Brag House's delayed 10-Q filing creates compliance concerns despite reassurances of timely resolution and ongoing business initiatives.
Brag House's announcement regarding its delayed Form 10-Q filing raises several compliance concerns that warrant investor attention. The company has received a formal notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1), which requires timely filing of periodic reports. While management has expressed confidence in filing before the July 28 deadline (when a compliance plan would otherwise be required), this delay is particularly notable for a recently public company.
The timing is significant - the company missed the standard filing deadline for its Q1 2025 results and now has approximately two months to remedy the situation. Though Nasdaq has not imposed immediate trading restrictions, continued listing complications could emerge if the company fails to meet its stated timeline. CEO Malloy's reference to building operational infrastructure suggests potential growing pains in the company's financial reporting capabilities.
The press release strategically balances this compliance issue with positive operational updates about the company's Learfield partnership and Florida Gators activation. This dual messaging approach appears designed to reassure investors that business execution continues despite back-office challenges. The mention of expanding university partnerships throughout 2025 signals confidence in operational continuity despite these regulatory hurdles.
For a growth-stage company focused on the Gen Z demographic through gaming and college sports integrations, maintaining market confidence through proper compliance is essential. The company's ability to resolve this filing delay will serve as an important indicator of management's administrative capabilities alongside their business development efforts.
NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- Brag House Holdings, Inc. (NASDAQ: TBH), the Gen Z engagement platform at the intersection of gaming, college sports, and digital media, today announced that it continues to diligently work on its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025.
As anticipated, on May 27, 2025, the Company received notice from the Nasdaq Stock Market that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Form 10-Q. Brag House intends to file its Form 10-Q before the date it would have to submit a compliance plan on July 28 to Nasdaq for continued listing. The Nasdaq notice has no immediate effect on the listing or trading of Brag House’s common stock on the Nasdaq Capital Market.
"We remain committed to transparency and full compliance with our SEC reporting obligations," said Lavell Juan Malloy II, Chief Executive Officer and Co-Founder of Brag House. "As a recently public company, our team is working diligently to complete all necessary disclosures and filings while maintaining our strategic focus."
As Brag House continues to enhance its operational infrastructure, the Company remains focused on executing its long-term vision to revolutionize casual gaming on college campuses through school-spirit-based digital experiences and NIL-integrated content.
Earlier this month, Brag House, in partnership with Florida Gators Athletics and Learfield’s Florida Gators Sports Properties, launched the inaugural Brag Gators Gauntlet: Baseball Edition. The event, hosted ahead of the Gators’ baseball game against Alabama, featured a Fortnite tournament with a baseball-inspired scoring format and saw strong turnout from both current students and alumni. The activation served as a gamified digital tailgate, offering a new layer of engagement for college sports fans.
“This is the foundation of a broader initiative,” added Malloy. “By merging college sports with interactive digital gaming formats, we’re building a new layer of fan engagement that serves students, alumni, schools, and brand partners alike.”
Following the successful debut event, Brag House and Learfield will host the next activation in the Brag Gators Gauntlet series on July 19, 2025, giving students and fans another opportunity to experience what is quickly becoming a new sports medium. The Company plans to roll out additional events at select universities across the country throughout the remainder of 2025.
About Brag House
Brag House is a leading media technology gaming platform dedicated to transforming casual college gaming into a vibrant, community-driven experience. By seamlessly merging gaming, social interaction, and cutting-edge technology, the Company provides an inclusive and engaging environment for casual gamers while enabling brands to authentically connect with the influential Gen Z demographic. The platform offers live-streaming capabilities, gamification features, and custom tournament services, fostering meaningful engagement between users and brands. For more information, please visit www.braghouse.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including the Company’s ability to regain compliance with Nasdaq listing rules and timely file the Form 10-Q. For a full discussion of these risks, please refer to Brag House’s SEC filings. The Company undertakes no obligation to update or revise any forward-looking statements.
Media Contact:
Fatema Bhabrawala
Director of Media Relations
fbhabrawala@allianceadvisors.com
Investor Relations Contact:
Adele Carey
VP, Investor Relations
ir@thebraghouse.com
FAQ
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