Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
May 16 2022 - 5:25PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING |
OMB
APPROVAL |
OMB
Number: 3235-0058 |
Expires:
April 30, 2025 |
Estimated
average burden hours per response ... 2.50 |
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SEC
FILE NUMBER |
001-39262 |
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CUSIP
NUMBER |
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(Check
one): |
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☐ Form 10-K ☐ Form 20-F ☐ Form 11-K ☒ Form 10-Q
☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR |
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For
Period Ended: |
March
31, 2022 |
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☐
Transition Report on Form 10-K |
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☐
Transition Report on Form 20-F |
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☐
Transition Report on Form 11-K |
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☐
Transition Report on Form 10-Q |
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☐
Transition Report on Form N-SAR |
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For
the Transition Period Ended: |
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Read
Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing
in this form shall be construed to imply that the Commission has verified any information contained herein. |
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If
the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART
I — REGISTRANT INFORMATION
ESPORTS
ENTERTAINMENT GROUP, INC. |
Full
Name of Registrant |
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Former
Name if Applicable |
Block
6, Triq Paceville |
Address
of Principal Executive Office (Street and Number) |
St.
Julians, STJ 3109 Malta |
City,
State and Zip Code |
PART
II — RULES 12b-25(b) AND (c)
If
the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b),
the following should be completed. (Check box if appropriate)
☒ |
(a) |
The
reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
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(b) |
The
subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion
thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report
of transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof will be filed on or before the
fifth calendar day following the prescribed due date; and |
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(c) |
The
accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART
III — NARRATIVE
State
below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
ESPORTS ENTERTAINMENT GROUP, INC. (the “Registrant”)
was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the period ended March 31, 2022 (the
“Quarterly Report”) by the May 16, 2022 filing date applicable to smaller reporting companies due to a delay experienced
by the Registrant in completing its condensed consolidated financial statements and other disclosures in the Quarterly Report.
As a result, the Registrant is still in the process of compiling required information to complete the Quarterly Report for the period
ended March 31, 2022 to be incorporated in the Quarterly Report.
PART
IV — OTHER INFORMATION
(1) |
Name
and telephone number of person to contact in regard to this notification |
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Grant
Johnson |
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(356) |
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2757
7000 |
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(Name) |
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(Area
Code) |
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(Telephone
Number) |
(2) |
Have
all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s)
been filed? If answer is no, identify report(s). |
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Yes
☒ No ☐ |
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(3) |
Is
it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or portion thereof? |
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Yes
☒ No ☐ |
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If
so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made. |
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There
may be significant changes to results of operations as the Company still evaluates the potential
for goodwill and indefinite-lived intangible assets for impairment. The Company expects that
it will record a significant impairment charge on goodwill and indefinite-lived intangible
assets across multiple reporting units. The Company is further evaluating a make-whole provision
within its Senior Convertible Note Agreement and may record a material liability related
to the make-whole provision should the Company be unable to amend its debt agreement or otherwise
secure a waiver of certain covenants.
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ESPORTS
ENTERTAINMENT GROUP, INC.
(Name
of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
May 16, 2022 |
By: |
/s/
Grant Johnson |
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Name: |
Grant
Johnson |
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Title: |
Chief
Executive Officer |
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