Codere Online receives notification of compliance with Nasdaq
The company recently filed its annual report on Form 20-F with the SEC.
Key Points
- Codere will continue to list securities and trade on the Nasdaq market
- The company will no longer be subject to the delisting process
Codere Online has recently regained compliance with the Nasdaq Listing Rule 5250(c)(1) after filing its annual report on form 20-F with the US Securities and Exchange Commission (SEC) for the 2024 fiscal year, which ended December 31.
The company announced it has received a formal notification from the Nasdaq Stock Market LLC confirming it is in compliance with the Nasdaq Capital Market’s listing requirements.
This means the company will not be subject to a delisting process on the Nasdaq exchange, and its securities will continue to be listed as well as traded on the Nasdaq Capital Market.
The company said in a statement. “This confirmation follows Codere Online’s filing of its annual report on Form 20-F for the year ended December 31, 2024, with the US Securities and Exchange Commission (SEC) on June 2, 2025.
“As part of its formal communication, Nasdaq also notified the company that the hearing requested on May 22 to review the delisting determination has been cancelled.”
Good to know: The operator currently has iGaming operations in Latin America and Spain
Company shareholders recently greenlighted the repurchase of up to $1m of Codere Online’s ordinary shares over a one-year period, for a total investment of up to $5m. This was approved by the company’s Board of Directors in March.
In its Q1 report, Codere posted $30.9m in revenue from its Mexico operations.
Net gaming revenue for the Mexican region grew by 15% year-over-year and reached nearly $31.2m in Q1.
Overall company revenue totaled $60.8m in the first quarter, while total company net gaming revenue reached $63.8m.
By the end of the quarter, the company reported a total cash position of $46.8m. Codere’s first quarter ended March 31.
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
