Codere Online Luxembourg, S.A. announced on February 13, 2025, that the Nasdaq Hearings Panel granted its request to continue its listing on Nasdaq. This decision is conditional upon the company filing its annual report on Form 20-F for the year ended December 31, 2023, on or before May 12, 2025.
The Panel's determination followed a hearing held on January 16, 2025, where Codere Online presented its plan to regain compliance with Listing Rule 5250(c)(1). This extension provides the company with a defined timeframe to resolve its outstanding financial reporting obligations.
Codere Online stated its commitment to diligently work with its new auditor to complete and file the 2023 Annual Report within the granted extension period. This development removes the immediate threat of delisting that had been a significant concern for the company.
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