Monitor for the hearing date and any filing of the delinquent 10-Q. If the company fails to file before the hearing or the panel denies an extended stay, suspension and delisting are imminent, likely causing a sharp decline in the stock price.
Price Chart
Executive Summary
SEGG Media received a Nasdaq Staff Determination letter for failing to timely file its Form 10-Q for the period ended June 30, 2026, after previously curing delinquencies for its 10-K and March 2026 10-Q. The company has requested a hearing and an extended stay to prevent suspension, with trading currently set to be suspended on October 23, 2026 absent relief. This marks a repeat delinquency scenario, and the outcome of the hearing is uncertain.
Key Facts
- Received Staff Determination letter on October 14, 2026 for non-compliance with Nasdaq Listing Rule 5250(c)(1) due to late filing of Form 10-Q for period ended June 30, 2026.
- Trading of common stock and warrants would be suspended on October 23, 2026 absent a successful appeal.
- Company has requested a hearing and an extended stay; hearings are typically scheduled 30-45 days after request.
- Company previously cured similar delinquencies in 2023 while operating as Lottery.com, Inc., but the press release states prior outcome is not indicative of current proceeding.
- Company has paid a $20,000 hearing fee.
Financial Impact
Delisting risk is material; the company's securities face potential suspension and removal from Nasdaq, which would severely impact liquidity and market price. No specific financial exposure quantified in the filing.
Risk Factors
- Nasdaq Hearings Panel may deny an extended stay or exception, leading to suspension and delisting.
- Company may fail to file the delinquent 10-Q in time, even if a stay is granted.
- Prior successful hearing outcome in 2023 is not indicative of current outcome, as stated in the release.
- Delisting would severely reduce liquidity and could trigger defaults on debt or other obligations.
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3385022 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $1.27 $1.22 | ▲ +3.94% | ▲ +2.76% | $1.29 (−1.57%) |
Oct 20, 2026 6d ago | Press Release | $1.27 $1.22 | ▲ +3.94% | ▲ +2.76% | $1.29 (−1.57%) |
Oct 8, 2026 18d ago | 8-K | $1.80 $1.60 | ▲ +11.11% | ▲ +11.71% | $1.29 (+28.33%) |
Aug 27, 2026 8w ago | 8-K | $2.83 $2.76 | ▲ +2.47% | ▲ +2.17% | $1.29 (+54.42%) |
Jul 29, 2026 12w ago | Press Release | $0.5599 $0.4336 | ▼ −22.56% | ▼ −24.23% | $1.29 (+130.40%) |
Jul 28, 2026 12w ago | Press Release | $0.5820 $0.5599 | ▼ −3.80% | ▼ −2.26% | $1.29 (+121.65%) |
Jul 20, 2026 14w ago | Press Release | $0.7805 $0.7389 | ▼ −5.33% | ▼ −6.16% | $1.29 (+65.28%) |
Jun 18, 2026 18w ago | Press Release | $1.04 $0.9065 | ▼ −12.84% | ▼ −12.52% | $1.29 (+24.04%) |
May 6, 2026 24w ago | Press Release | $1.37 $1.39 | ▲ +1.46% | ▲ +1.79% | $1.29 (−5.84%) |
Apr 21, 2026 26w ago | Press Release | $0.6600 $0.6900 | ▲ +4.55% | ▲ +3.53% | $1.29 (+95.45%) |
US Market Status
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