Allied Gaming & Entertainment, Inc. (AGAE) announced that on May 22, 2025, it received a second deficiency letter from the Nasdaq Stock Market. This notice cited non-compliance with Nasdaq Listing Rule 5250(c)(1) for the late filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.
The Form 10-Q was due by May 15, 2025, or May 20, 2025, following an extension. The company also remains delinquent in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which was the subject of a prior Nasdaq notice.
AGAE has until June 16, 2025, to submit a plan to regain compliance for both delinquent reports. The accumulation of these non-compliance issues significantly increases the risk of delisting, which could negatively impact the company's stock and access to capital markets.
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