Online gaming conversion solutions provider SharpLink Gaming has announced that that it has successfully ensured adherence to all of Nasdaq’s ongoing listing standards, securing its uninterrupted trading presence on the Nasdaq exchange. This milestone marks the resolution of the company’s deficiency under Nasdaq Listing Rule 5550(b), rendering the scheduled hearing before the Nasdaq Listing Qualifications Panel on February 20, 2024 unnecessary.
Specializing in online performance marketing, SharpLink Gaming is a significant player in driving qualified traffic, facilitating player acquisitions, and supporting conversions for both U.S. regulated and global iGaming operator partners worldwide. The company’s comprehensive iGaming and affiliate marketing network, PAS.net, enables effective promotion and support for its partners’ offerings.
The successful resolution of the Nasdaq deficiency not only ensures SharpLink Gaming’s ongoing presence on the exchange but also underscores its commitment to maintaining high standards of corporate governance and transparency, Best Stocks reported.
With expertise in online performance marketing and an extensive network of iGaming partners, SharpLink Gaming is well-positioned to capitalize on the global growth of the iGaming industry, the article says. As the demand for online gaming experiences continues to rise, SharpLink Gaming’s ability to drive qualified traffic and facilitate player acquisitions is expected to contribute to the success of its partners and the company as a whole.
On February 8, 2024, SBET stock experienced a decline in price momentum, trading near the bottom of its 52-week range and below its 200-day simple moving average, indicating a bearish sentiment. According to data from CNN Money, SBET shares decreased by $0.08, representing a significant drop of 6.78%, closing at $1.10. Despite this decline, there was a slight recovery in after-hours trading, with the stock rising by $0.09. However, it is important for investors to approach after-hours trading with caution due to its potential volatility.
SBET’s current position near the bottom of its 52-week range may suggest undervaluation compared to historical performance. Nevertheless, investors should consider various factors, including the company’s financial health, industry trends, and market conditions, before making investment decisions, the report said.
Original article: https://www.yogonet.com/international/noticias/2024/02/13/70791-sharplink-gaming-secures-full-compliance-with-nasdaq-39s-continued-listing-standards
