Codere onlinethe subsidiary of Codere that quotes in the Nasdaqsave his match ball to continue quoting. The company has made the country’s stock market supervisor give their arguments to defend The delay in the delivery of your annual accounts Without this leading to his expulsion from the American index, as he has just reported to the stock market supervisor (SEC).
The company informs that it received on February 12 A letter from Nasdaq Hearings Panel in which he was informed of the authorization to his request to continue at the Nasdaq, as long as his annual report (form 20-F) corresponding to the 2023 exercise in the coming weeks. The deadline expires on May 12last day to deliver such documentation.
The determination of the Nasdaq Hearings Panel is produced after an audience held on January 16, 2025, andn which was initially considered the company’s plan to recover compliance with adapting to the contribution standards (5250.C.1).
Codere online saw the deadlines to comply with this regulation after your auditor Marcum LLP I renounced to continue providing services for “deficiencies” in the control of IT and “insufficient internal controls.” As a solution, the company signed Malonebailey to supervise his accounts for the fiscal years ended on December 31, 2023 and December 31, 2024.
“The company has worked and continues to work diligently with its new auditor to complete and present before the stock exchange commission and value its annual 2023 report And he hopes to do so within the extension period granted by the panel, “explains the company in a relevant event sent to the SEC.
Analysts exam
The online codere situation has called market attention in recent months and those who cover the value. Stifel launched a note in January by stating that he maintained the purchase recommendation with an objective price of $ 10.00 per title. The analyst house said that the strategic approach of Codere Online in the potentially lucrative markets of Spain and Mexico gives a solid basis to believe in organic growth and high yields in the future.
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