Codere Online Luxembourg SA has received a delisting notice from Nasdaq due to its failure to file the Form 20-F for the year ended December 31, 2024. The delay in filing is attributed to the prolonged finalization of the audit of its financial statements, following the engagement of a new independent accounting firm. Codere Online has appealed the delisting determination and formally requested a hearing to review the decision, which automatically stays the delisting process. The hearing is expected to be scheduled approximately 30-45 days after the request. The company aims to complete and file the necessary form by May 30, 2025, in hopes of regaining compliance before any hearing takes place.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.