05/22/2026 | Press release | Distributed by Public on 05/22/2026 15:16
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On May 21, 2026, SEGG Media Corporation (the "Company") received a written notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the "Form 10-Q") with the Securities and Exchange Commission.
The Notice has no immediate effect on the listing of the Company's common stock on Nasdaq.
Under Nasdaq's Listing Rules, the Company has 60 calendar days from the date of the Notice to submit to Nasdaq a plan to regain compliance with Rule 5250(c)(1). If Nasdaq accepts the Company's plan, Nasdaq may grant an exception of up to 180 calendar days from the original due date of the Form 10-Q to regain compliance.
The Company intends to submit a plan to regain compliance within the required timeframe and is working diligently to complete and file the Form 10-Q as soon as practicable.