{"id":272,"date":"2024-06-28T05:35:58","date_gmt":"2024-06-28T02:35:58","guid":{"rendered":"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/"},"modified":"2024-06-28T05:35:58","modified_gmt":"2024-06-28T02:35:58","slug":"lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors","status":"publish","type":"post","link":"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/","title":{"rendered":"Lottery.com Faces Nasdaq Delisting Risk, Must Appoint New Directors"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/VpSrLfrPnp8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Lottery.com has been instructed to nominate a sufficient number of autonomous directors by October 5th to comply with Nasdaq Stock Market regulations. They must fill the remaining positions on their auditing and remuneration committees.<\/p>\n<p>The Nasdaq mandates that corporations have a minimum of three autonomous directors on the auditing committee and two additional members on the compensation committee.<\/p>\n<p>Failure to have enough auditing committee members violates Nasdaq Listing Rule 5605(c)(2). Insufficient compensation committee members breach Nasdaq Listing Rule 5605(d)(2).<\/p>\n<p>Lottery.com must finalize these appointments by next Wednesday to regain compliance with Nasdaq rules.<\/p>\n<p>Nasdaq indicated that if Lottery.com&#8217;s plan to adhere to the rules is approved, they might grant an extension of 180 days from September 21st to rectify the situation.<\/p>\n<p>Lottery.com stated that they cannot guarantee a timeframe, but they intend to identify new independent auditing and compensation committee members as soon as possible to restore compliance. <\/p>\n<p>The news came after two board members stepped down, citing the company&#8217;s deliberate attempts to hinder a probe into concerns raised by new shareholders.<\/p>\n<p>Lottery.com&#8217;s difficulties have been ongoing and well-documented. Last month, Lottery.com received a warning that it could be removed from the Nasdaq stock exchange for failing to submit its most recent quarterly financial report on schedule.<\/p>\n<p>At the time, the Securities and Exchange Commission stated that Lottery.com had not yet provided the final audited figures for its financial statements as of June 30, and therefore could not file a 10-Q form for the period.<\/p>\n<p>In July, it was also revealed that Lottery.com had outstanding wages totaling $425,000, just days after Lawrence (Tony) DiMatteo stepped down as the company&#8217;s CEO.<\/p>\n<p>DiMatteo&#8217;s exit followed the resignation of Chief Revenue Officer Matthew Clemmensen, who left a week earlier.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lottery.com has been instructed to nominate a sufficient number of autonomous directors by October 5th to comply with Nasdaq Stock Market regulations. They must fill [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lottery.com Races to Meet Nasdaq Director Requirements<\/title>\n<meta name=\"description\" content=\"Lottery.com faces a deadline to nominate independent directors for its auditing and compensation committees to comply with Nasdaq regulations.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Lottery.com Faces Nasdaq Delisting Risk, Must Appoint New Directors\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Lottery.com faces a deadline to nominate independent directors for its auditing and compensation committees to comply with Nasdaq regulations.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Future of Casino Gaming | Licensed, Secure &amp; Exciting\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T02:35:58+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/\",\"url\":\"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/\",\"name\":\"Lottery.com Races to Meet Nasdaq Director Requirements\",\"isPartOf\":{\"@id\":\"https:\/\/juicyvegasnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-28T02:35:58+00:00\",\"dateModified\":\"2024-06-28T02:35:58+00:00\",\"author\":{\"@id\":\"https:\/\/juicyvegasnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Lottery.com faces a deadline to nominate independent directors for its auditing and compensation committees to comply with Nasdaq regulations.\",\"breadcrumb\":{\"@id\":\"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/juicyvegasnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lottery.com Faces Nasdaq Delisting Risk, Must Appoint New Directors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/juicyvegasnodepositbonus.icu\/#website\",\"url\":\"https:\/\/juicyvegasnodepositbonus.icu\/\",\"name\":\"Discover the Future of Casino Gaming | Licensed, Secure &amp; Exciting\",\"description\":\"Indulge in the thrill of licensed online gambling with our up-to-date news, honest reviews, and expert articles. Elevate your gaming journey at our trusted casino.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/juicyvegasnodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/juicyvegasnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/juicyvegasnodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/juicyvegasnodepositbonus.icu\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Lottery.com Races to Meet Nasdaq Director Requirements","description":"Lottery.com faces a deadline to nominate independent directors for its auditing and compensation committees to comply with Nasdaq regulations.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/","og_locale":"en_GB","og_type":"article","og_title":"Lottery.com Faces Nasdaq Delisting Risk, Must Appoint New Directors","og_description":"Lottery.com faces a deadline to nominate independent directors for its auditing and compensation committees to comply with Nasdaq regulations.","og_url":"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/","og_site_name":"Discover the Future of Casino Gaming | Licensed, Secure &amp; Exciting","article_published_time":"2024-06-28T02:35:58+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/","url":"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/","name":"Lottery.com Races to Meet Nasdaq Director Requirements","isPartOf":{"@id":"https:\/\/juicyvegasnodepositbonus.icu\/#website"},"datePublished":"2024-06-28T02:35:58+00:00","dateModified":"2024-06-28T02:35:58+00:00","author":{"@id":"https:\/\/juicyvegasnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"description":"Lottery.com faces a deadline to nominate independent directors for its auditing and compensation committees to comply with Nasdaq regulations.","breadcrumb":{"@id":"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/28\/lottery-com-faces-nasdaq-delisting-risk-must-appoint-new-directors\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/juicyvegasnodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"Lottery.com Faces Nasdaq Delisting Risk, Must Appoint New Directors"}]},{"@type":"WebSite","@id":"https:\/\/juicyvegasnodepositbonus.icu\/#website","url":"https:\/\/juicyvegasnodepositbonus.icu\/","name":"Discover the Future of Casino Gaming | Licensed, Secure &amp; Exciting","description":"Indulge in the thrill of licensed online gambling with our up-to-date news, honest reviews, and expert articles. Elevate your gaming journey at our trusted casino.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/juicyvegasnodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/juicyvegasnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/juicyvegasnodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/juicyvegasnodepositbonus.icu\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/juicyvegasnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/272"}],"collection":[{"href":"https:\/\/juicyvegasnodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juicyvegasnodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juicyvegasnodepositbonus.icu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juicyvegasnodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=272"}],"version-history":[{"count":0,"href":"https:\/\/juicyvegasnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/272\/revisions"}],"wp:attachment":[{"href":"https:\/\/juicyvegasnodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juicyvegasnodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juicyvegasnodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}