Codere Online has cleared a major hurdle that had put its Nasdaq listing at risk. After filing its overdue annual report for 2024, the company is now officially back in compliance with Nasdaq’s reporting requirements.
Good to know
- Codere Online filed its 2024 annual report with the SEC on June 2.
- Nasdaq confirmed that Codere Online meets all listing standards again.
- A planned hearing to address a possible delisting has now been cancelled.
Codere Online has avoided being removed from the Nasdaq Capital Market after addressing a key compliance issue. The company received confirmation that it satisfied Nasdaq Listing Rule 5250(c)(1), which focuses on the timely filing of financial reports. This came after the company submitted its annual Form 20-F for the 2024 fiscal year to the US Securities and Exchange Commission (SEC).
With the report filed, Nasdaq officially informed Codere Online that it has regained full compliance with listing rules. As a result, the company will continue to be listed and traded on the Nasdaq exchange without interruption.
Hearing cancelled after compliance is restored
Back in May, Codere Online had requested a hearing to contest a possible delisting notice triggered by the delay in filing. However, now that the issue is resolved, Nasdaq has cancelled that hearing.
The company confirmed 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.”
Codere Online can now continue business as usual with its securities listed on the Nasdaq Capital Market, free from immediate regulatory concerns tied to filing delays.
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