Who signed the SEGG report related to the Nasdaq notice?

The report is signed on behalf of Sports Entertainment Gaming Global Corporation by Robert Stubblefield, who is identified as Interim Chief Executive Officer. This indicates senior management’s acknowledgment of, and responsibility for, responding to the Nasdaq notice.

Nasdaq cites SEGG (SEGG) for late Q1 2026 10-Q, sets cure timeline

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Sports Entertainment Gaming Global Corporation reported that it received a notice from Nasdaq’s Listing Qualifications Department stating it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it did not timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026.

The notice does not immediately affect the listing of the company’s common stock on Nasdaq. The company has 60 calendar days from the date of the notice to submit a plan to regain compliance, and Nasdaq may grant up to 180 calendar days from the original Form 10-Q due date if it accepts that plan. The company states it intends to submit a plan within the required timeframe and is working to complete and file the Form 10-Q as soon as practicable.

Positive

None.

Negative

Nasdaq listing deficiency for late 10-Q: SEGG is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to failing to timely file its Form 10-Q for the period ended March 31, 2026, creating formal listing-risk until the company regains compliance.

Insights

Nasdaq noncompliance notice introduces listing-risk over SEGG’s late 10-Q.

The notice confirms SEGG failed to timely file its Form 10-Q for the period ended March 31, 2026, triggering a Nasdaq Listing Rule 5250(c)(1) deficiency. This is a formal compliance issue, though Nasdaq has not yet moved to suspend or delist the stock.

Nasdaq’s process gives the company 60 calendar days from the notice date to submit a compliance plan, and potentially up to 180 calendar days from the original due date if that plan is accepted. The filing states SEGG intends to submit a plan and is working to complete the Form 10-Q, but the actual outcome depends on timely filing and Nasdaq’s assessment.

8-K Event Classification

Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

1 item

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities

The company received a delisting notice or transferred its listing to a different exchange.

Key Figures

Warrant exercise price: $2,300.00 per share Rule cited: Nasdaq Listing Rule 5250(c)(1) Plan submission window: 60 calendar days +1 more

4 metrics

Warrant exercise price $2,300.00 per share Exercise price of each warrant to purchase one share of common stock

Rule cited Nasdaq Listing Rule 5250(c)(1) Noncompliance due to late Form 10-Q for period ended March 31, 2026

Plan submission window 60 calendar days Time from notice date to submit compliance plan to Nasdaq

Maximum extension period 180 calendar days Maximum time from original Form 10-Q due date if Nasdaq grants exception

Key Terms

Nasdaq Listing Rule 5250(c)(1), Quarterly Report on Form 10-Q, Listing Qualifications Department, Emerging growth company, +1 more

5 terms

Nasdaq Listing Rule 5250(c)(1) regulatory

"indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1)"

Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.

Quarterly Report on Form 10-Q regulatory

"its failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026"

A quarterly report on Form 10-Q is a standardized financial filing public companies must submit to U.S. regulators every three months, summarizing recent financial results, cash flows, balance sheet changes, operations and material risks or legal developments. Investors treat it like a company report card that shows up-to-date facts rather than marketing copy, helping them track performance, spot trends, reassess risk and make buy or sell decisions.

Listing Qualifications Department regulatory

"received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC"

A listing qualifications department is the part of a stock exchange that checks whether a company meets the exchange’s rules for being listed and staying listed. Think of it as a gatekeeper or building inspector: it reviews financial statements, disclosure practices and corporate governance, flags problems and can require fixes or remove a company’s shares. Investors care because its decisions affect whether a stock remains tradable and how much trust to place in a company’s reporting.

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Warrants financial

"Warrants to purchase one share of common stock, each at an exercise price of $2,300.00"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 05/22/2026 - 05:16 PM Accepted by SEC EDGAR 05/22/2026 - 05:15 PM

FAQ

Why did SEGG (SEGG) receive a Nasdaq noncompliance notice?

SEGG received the notice because it failed to timely file its Form 10-Q for the period ended March 31, 2026. Nasdaq Listing Rule 5250(c)(1) requires timely periodic reports, so the missed deadline created a formal listing-rule deficiency.

Does the Nasdaq notice immediately affect SEGG’s stock listing?

The notice has no immediate effect on the listing of SEGG’s common stock on Nasdaq. The company continues trading while it prepares a plan to regain compliance and works to file the delayed Form 10-Q.

How long does SEGG have to regain compliance with Nasdaq rules?

SEGG has 60 calendar days from the notice date to submit a plan showing how it will regain compliance. If Nasdaq accepts the plan, it may grant up to 180 calendar days from the Form 10-Q’s original due date to cure the deficiency.

What filing did SEGG miss that caused the Nasdaq issue?

The issue stems from SEGG’s failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026. Timely submission of this report is required under Nasdaq Listing Rule 5250(c)(1) for continued listing.

How does SEGG plan to address the Nasdaq noncompliance notice?

SEGG states it intends to submit a plan to Nasdaq within the required 60-day timeframe. The company also reports it is working diligently to complete and file the delayed Form 10-Q as soon as practicable to regain compliance.

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): May 21, 2026

Sports Entertainment Gaming Global Corporation

(Exact Name of Registrant as Specified in Its Charter)

Delaware	001-38508	No. 81-1996183
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

5049 Edwards Ranch Rd., 4th Floor

Fort Worth, Texas

76109

(Address of Principal Executive Offices)

(Zip Code)

(737) 587-3391

(Registrant’s Telephone Number, Including Area Code)

n/a

(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))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.001 per share	SEGG	The Nasdaq Stock Market LLC
Warrants to purchase one share of common stock, each at an exercise price of $2,300.00	LTRYW	The Nasdaq Stock Market LLC

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. ☐

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On May 21, 2026, SEGG Media Corporation (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the “Form 10-Q”) with the Securities and Exchange Commission.

The Notice has no immediate effect on the listing of the Company’s common stock on Nasdaq.

Under Nasdaq’s Listing Rules, the Company has 60 calendar days from the date of the Notice to submit to Nasdaq a plan to regain compliance with Rule 5250(c)(1). If Nasdaq accepts the Company’s plan, Nasdaq may grant an exception of up to 180 calendar days from the original due date of the Form 10-Q to regain compliance.

The Company intends to submit a plan to regain compliance within the required timeframe and is working diligently to complete and file the Form 10-Q as soon as practicable.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Sports Entertainment Gaming Global Corporation

	By:	/s/ Robert J. Stubblefield
	Name:	Robert Stubblefield
	Title:	Interim Chief Executive Officer

DATE: May 22, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents