Codere Online Secures Nasdaq Listing Extension Until May

Codere Online has received an extension from the Nasdaq Hearings Panel to maintain its listing, provided it files its 2023 annual report by May 12, 2025. This decision follows a hearing on January 16, where the company outlined its compliance plan after previously struggling to meet reporting deadlines due to auditing delays. Codere Online is currently working with a new auditor to finalize the report and has committed to regaining compliance with Nasdaq listing rules. In addition, the company plans to release its fourth quarter 2024 earnings on February 20, 2025, along with a conference call to discuss these results. This extension is crucial for Codere, which operates primarily in Spain and Latin America, and had faced the threat of delisting last year. The company emphasizes the importance of remaining listed for its business operations and investor relations.