Codere Online at risk of Nasdaq expulsion

Codere Online has informed the Securities and Exchange Commission (SEC) that it risks expulsion from the US Global Nasdaq index.

On May 20, the company received a warning letter from the Nasdaq Stock Market for not submitting its 2023 accounts on time. As a result, Codere Online does not meet the standard requirements to continue trading on the US stock market.

Codere Online failed to present its annual report on Form 20-F for the year ended December 31, 2023. To comply, the company must submit a compliance plan within 60 calendar days that certifies adherence to Nasdaq listing standards.

If Nasdaq accepts the response, Codere Online could get an extension until November 11 to comply.