Codere Online Luxembourg, S.A.

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Investigation Details

Codere issued a press release on November 18, 2024, announcing receipt of “a staff determination letter . . . , from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’), notifying the Company of the determination from the Nasdaq Staff (the ‘Staff’) to delist the Company’s securities from The Nasdaq Stock Market, given the Company had not filed its Form 20-F for the year ended December 31, 2023 . . . in accordance with continued Listing Rule 5250(c)(1)[.]”

Following this news, Codere’s stock price declined sharply during intraday trading on November 19, 2024.