INSPIRED ENTERTAINMENT, INC. (NASDAQ:INSE) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
On April 26, 2017, Inspired Entertainment, Inc. (the Company)
received written notice from The NASDAQ Stock Market LLC (Nasdaq)
indicating that the Nasdaq Hearings Panel had determined to
delist the Companys warrants from The Nasdaq Capital Market due
to the Company having less than 400 round lot holders for the
warrants at the time of the initial listing of the warrants, as
required by Nasdaq Listing Rule 5515(a)(4), or thereafter.
Trading in the Companys warrants on Nasdaq will be suspended
effective with the open of business on April 28, 2017. It is
expected that the warrants will transition to the
over-the-counter markets operated by OTC Markets Group, upon
delisting from Nasdaq. There is no assurance that an active
market in the warrants will develop.
Item 8.01. Other Events.
On April 26, 2017, the Company was notified that the Panel had
determined to grant the Companys request for the continued
listing of its common stock on The Nasdaq Capital Market, to an
extension to evidence compliance with the minimum 300 round lot
shareholder requirement applicable to the Companys common stock,
as set forth in Nasdaq Listing Rule 5505(a)(3) (the Rule), by
September 17, 2017. The continued listing of the Companys common
stock on Nasdaq through September 17, 2017 is subject to the
Companys compliance with certain interim milestones evidencing
its progress towards compliance with the Rule.
The Company issued a press release regarding the notice received
from Nasdaq. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the
foregoing information, including Exhibit 99.1, shall not be
deemed filed for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act), or otherwise
subject to the liabilities of such section, nor shall such
information, including Exhibit 99.1, be deemed incorporated by
reference into any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set
forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
| Exhibit Number | Exhibit Description |
| 99.1 | Press Release dated April 27, 2017 |
About INSPIRED ENTERTAINMENT, INC. (NASDAQ:INSE)
Inspired Entertainment, Inc., formerly Hydra Industries Acquisition Corp., is a global games technology company. The Company is engaged in developing and operating digital games and networks. The Company is engaged in supplying Virtual Sports, Mobile Gaming and Server-Based Gaming (SBG) systems with associated terminals and digital content to regulated betting, gaming and lottery operators around the world. The Company operates through two segments: Server Based Gaming and Virtual Sports. The Company operates approximately 25,000 digital gaming terminals and supplies its Virtual Sports products in over 35,000 venues and on approximately 100 Websites in over 30 countries. The Company provides digital gaming solutions on its network that accommodates a range of devices, including land-based gaming machine products, mobile devices, such as smartphones and tablets, as well as personal computer (PC) and social applications. INSPIRED ENTERTAINMENT, INC. (NASDAQ:INSE) Recent Trading Information
INSPIRED ENTERTAINMENT, INC. (NASDAQ:INSE) closed its last trading session up +0.15 at 9.90 with 3,254 shares trading hands.