Codere Online has received a warning from the Nasdaq Exchange regarding the potential delisting of its securities.
Nasdaq cited Codere Online’s failure to meet its listing obligations, specifically its inability to file a Form 20-F providing corporate accounts for the year ending 31 December 2023. This constitutes a violation of Nasdaq’s Listing Rule 5250.
As a result, Codere has been issued a warning by Nasdaq’s Listing Department, signalling the possible termination of its securities on the global exchange.
Codere responded by explaining that the delay in filing its accounts was due to the prolonged finalisation of financial audits, following the engagement of a new independent auditor in March 2024.
