Bragg Gaming Group makes composition changes to Board of Directors’ audit committee
Its recent changes are to bring the company into compliance with Nasdaq listing requirements.
Bragg Gaming Group has appointed Alex Spiro to serve on the company’s Board of Directors audit committee. The company also announced that audit committee member Rob Godfrey has resigned. Both changes took effect on May 1, 2022.
The current committee is now comprised of Paul Pathak, who serves as Chair, along with members Holly Gagnon and Alex Spiro. All three members have met the director independence criteria in accordance with Rule 10A-3(b)(1) under the Securities Exchange Act of 1934.
Under the terms of Nasdaq’s Listing Rule 5810(b) three independent directors must serve on the company’s audit committee. Bragg recently received a notice from Nasdaq prior to its audit committee changes, stating that the company was not in compliance with Rule 5810(b) during the time that Paul Godfrey had been appointed as Interim CEO last November.
Godfrey’s appointment resulted in only two independent directors serving on the audit committee. Its changes to the committee now put the company back in compliance with Nasdaq’s listing requirements.
Bragg Gaming Group is a global B2B gaming technology and content provider and was founded in 2018. Since then, the company has expanded across Europe, Latin America and North America. Bragg plans to secure agreements with other online casino operators to continue building its brand worldwide.
Earlier in the year, Bragg was granted a supplier license to operate in the Bahamas. The company has gained licensing in several other regulated markets worldwide during the past 12 months, including the UK, the Netherlands, Greece, Switzerland and the Czech Republic.
The company also operates in Nevada through its subsidiary, Wild Streak Gaming, which offers its portfolio of casino games to land-based, online and social media casino operators throughout the US and the UK.
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