May. 7 at 9:41 AM
$SBET Dangerous situation here. Must regain compliance with min bid (
$1) and min equity rule by 23rd May, or Nasdaq will delist them.
So they must somehow dilute via offering (raise at least
$5M) AND remain above
$1 for 10 days straight before deadline.
Last company in exact same situation was
$VRPX. They did reverse split but couldn't get the offering done, so they were immediately delisted.
There could be a pump on a fluff PR but is it worth the risk? Choose your poison...dilution or delisting.