Flash Sports appeals Nasdaq trading suspension after delisting to OTC market
FLZH•Appeal filed with Nasdaq panel
An appeal was submitted today to a Nasdaq Hearings Panel; the suspension remains in effect during the appeal process.
Nasdaq suspension and OTC quotation
Flash Sports & Media Holdings was suspended from Nasdaq trading, shifting its common stock quotation to the OTC market.
The suspension followed an administrative sequencing error tied to the initial listing process around a change-of-control transaction and shareholder actions.
Capital structure and transaction timeline
Debt holders cut outstanding debt by about USD 2 million over the last two trading days, simplifying the capital structure.
Acquisition counterparties agreed to extend timelines while the company pursues a path to restore its Nasdaq listing.
