‘NextPlay Technologies, Inc. (NASDAQ:NXTP) Receives Notification Letter from Nasdaq Regarding Noncompliance with Listing Rule 5250(c)(1)\n\nSunrise, FL
‘NextPlay Technologies, Inc. (NASDAQ:NXTP) Receives Notification Letter from Nasdaq Regarding Noncompliance with Listing Rule 5250(c)(1)\n\nSunrise, FL – NextPlay Technologies, Inc. has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on October 18, 2023. The letter states that the company remains noncompliant with Nasdaq Listing Rule 5250(c)(1) due to its failure to file its quarterly report on Form 10-Q for the fiscal quarter ended August 31, 2023.\n\nThe notification further provides the company until November 2, 2023 to submit an updated Compliance Plan, which was previously accepted by Nasdaq. Any additional exception provided by Nasdaq to regain compliance with all delinquent filings will be limited to November 27, 2023.\n\nThis is not the first time the company has received a notification letter from Nasdaq. In June 2023, they received a notification letter for their failure to timely file their Annual Report on Form 10-K for the fiscal year ended February 28, 2023. Another notification letter was received in July 2023 due to their failure to file their Quarterly Report on Form 10-Q for the quarter ended May 31, 2023.\n\nNextPlay Technologies remains committed to regaining compliance with Nasdaq Listing Rule 5250(c)(1). They have submitted a Compliance Plan to Nasdaq on August 4, 2023 and are working towards filing their delinquent 10-K and 10-Q by the November 27, 2023 deadline.\n\nNextPlay Technologies, Inc. is a technology solutions company that offers games, in-game advertising, digital banking, and crypto-banking services to consumers and corporations within a growing worldwide digital ecosystem. The company utilizes innovative AdTech, Artificial Intelligence, and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies.\n\nIn a statement, a spokesperson for NextPlay Technologies said, “We are committed to regaining compliance with Nasdaq Listing Rule 5250(c)(1) and are working diligently towards that goal. Our innovative products and services continue to gain traction in the market, and we remain confident in our ability to deliver value to our customers and shareholders”.\n\n NextPlay Technologies, Inc. has received a notification letter from Nasdaq regarding its noncompliance with Listing Rule 5250(c)(1).’$NXTP2023-12-14T10:33:52.349Z
