SEGG Media Given 60-Day Deadline and Potential 180-Day Extension for Filing 10-K
Sports Entertainment Gaming Global Corporation received a Nasdaq notice on April 17, 2026, for its failure to file the Form 10-K for year ended December 31, 2025, breaching Listing Rule 5250(c)(1). The company has 60 days to submit a compliance plan and could secure a 180-day extension until October 12, 2026, to regain compliance.
1. Notice of Non-Compliance
On April 17, 2026, SEGG Media received notification that it failed to file its Form 10-K for the period ended December 31, 2025, resulting in non-compliance with Nasdaq Listing Rule 5250(c)(1), which mandates timely SEC periodic filings.
2. Compliance Plan Deadline
Under Nasdaq rules, SEGG Media has 60 calendar days from the notice date to submit a plan outlining how it will regain compliance with the filing requirement.
3. Extension Opportunity
Upon receipt of an acceptable plan, Nasdaq may grant a one-time extension of up to 180 calendar days from the original due date, extending the compliance deadline to October 12, 2026.
4. Filing Intent and Risks
The company plans to file the delinquent 10-K as soon as practicable but cautions that timing cannot be assured; failure to comply could lead to further Nasdaq actions, including potential delisting.