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.
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Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On March 21, 2017, Inspired Entertainment, Inc. (the Company)
received written notice from the Staff of the Listing
Qualifications Department (the Staff) of The NASDAQ Stock Market
LLC (Nasdaq) indicating that, based upon the Companys
non-compliance with the round lot shareholder requirements for
the listing of its common stock and warrants on The Nasdaq
Capital Market, as set forth in Nasdaq Listing Rules 5550(a)(3)
and 5515(a)(4), respectively, the Companys securities would be
subject to delisting from Nasdaq unless the Company timely
requests a hearing before a Nasdaq Hearings Panel (the Panel).
The Company intends to timely request a hearing before the Panel,
at which hearing the Company will request an extension within
which to complete its plan to evidence compliance with all
applicable requirements for listing on Nasdaq. The Companys
request for a hearing will stay any delisting action by Nasdaq at
least pending the ultimate outcome of the hearing and any
extension granted by the Panel. In the interim, the Companys
securities will otherwise continue to trade on The Nasdaq Capital
Market under the current trading symbols INSE and INSEW,
respectively. The Company is diligently working to evidence
compliance with all applicable Nasdaq listing criteria; however,
there can be no assurance that the Panel will grant the Companys
request for continued listing on Nasdaq or that the Company will
be able to satisfy the applicable shareholder requirements.
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 March 24, 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 00.00 at 11.00 with 4,751 shares trading hands.