Codere Online Luxembourg filed its 2024 annual report, regaining compliance with Nasdaq rules, pending final confirmation.
Quiver AI Summary
Codere Online Luxembourg, S.A., a prominent online gaming operator in Spain and Latin America, announced the filing of its annual report on Form 20-F for the year ending December 31, 2024, with the U.S. Securities and Exchange Commission. This filing is expected to restore compliance with Nasdaq Listing Rule 5250(c)(1), making a previously requested hearing regarding delisting unnecessary. The company awaits official confirmation from Nasdaq regarding its compliance status. To promote environmental responsibility, Codere Online encourages shareholders to access the report digitally but offers hard copies upon request. Codere Online operates an online sports betting and casino platform while also maintaining a physical presence in core markets across Latin America. The press release also includes forward-looking statements and cautionary notes about the associated risks and uncertainties.
Potential Positives
- The filing of the 2024 20-F indicates that Codere Online has regained compliance with Nasdaq Listing Rule 5250(c)(1), which is crucial for maintaining its listing on the exchange.
- As a result of complying with Nasdaq regulations, the Company may avoid an unnecessary hearing regarding delisting, reducing potential uncertainty for shareholders.
- The Company is promoting sustainability by encouraging shareholders to access the annual report in digital format, reflecting a commitment to environmental responsibility.
- Codere Online provides shareholders with easy access to its audited financial statements, enhancing transparency and trust with its investors.
Potential Negatives
- The Company was at risk of delisting from Nasdaq due to non-compliance with Listing Rule 5250(c)(1), indicating previous operational or reporting deficiencies.
- The necessity of a hearing regarding the delisting determination suggests significant scrutiny of the Company's governance or financial practices.
- The press release indicates potential uncertainties in the Company’s future performance, as mentioned in the forward-looking statements, which may raise concerns among investors.
FAQ
What is Codere Online's recent SEC filing about?
Codere Online filed its annual report on form 20-F for the year ended December 31, 2024, with the SEC.
How does the filing affect Codere Online's Nasdaq compliance?
The filing allows the Company to regain compliance with Nasdaq Listing Rule 5250(c)(1), potentially avoiding a delisting hearing.
Where can I find Codere Online’s 2024 20-F report?
The 2024 20-F report is available in the SEC Filings section of Codere Online's website: www.codereonline.com/financials-and-filings.
Can shareholders request a hard copy of the annual report?
Yes, shareholders can request a hard copy of the annual report, which includes audited financial statements, free of charge via email.
What services does Codere Online offer?
Codere Online provides online sports betting and casino services through its website and mobile applications across several Latin American markets.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CDRO Hedge Fund Activity
We have seen 3 institutional investors add shares of $CDRO stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RENAISSANCE TECHNOLOGIES LLC removed 89,121 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $574,830
- FNY INVESTMENT ADVISERS, LLC added 56,484 shares (+15.3%) to their portfolio in Q1 2025, for an estimated $409,509
- MILLENNIUM MANAGEMENT LLC removed 27,181 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $197,062
- HOOD RIVER CAPITAL MANAGEMENT LLC removed 25,596 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $185,571
- CITADEL ADVISORS LLC removed 10,596 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $76,821
- SQUAREPOINT OPS LLC added 10,357 shares (+inf%) to their portfolio in Q1 2025, for an estimated $75,088
- UBS GROUP AG removed 10,103 shares (-3.6%) from their portfolio in Q1 2025, for an estimated $73,246
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Full Release
Luxembourg, Grand Duchy of Luxembourg, June 2, 2025
(GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) (the “Company” or “Codere Online”), a leading online gaming operator in Spain and Latin America, today announced that it has filed with the U.S. Securities and Exchange Commission (“SEC”) its annual report on form 20-F for the year ended December 31, 2024 (the “2024 20-F”).
By filing the 2024 20-F, the Company believes it has regained compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”). As a result, the Company believes that the hearing requested on May 22
nd
to review the delisting determination received on May 16
th
will no longer be necessary. The Company awaits Nasdaq’s formal confirmation that it has evidenced full compliance with the Rule.
A copy of the 2024 20-F is available in the SEC Filings section of the Company's website:
www.codereonline.com/financials-and-filings
.
In order to minimize the environmental impact of its annual report by reducing paper consumption, the Company encourages its shareholders to read it in digital format. However, Company shareholders willing to receive a hard copy of this document, which contains the Company’s audited financial statements, may do so, free of charge, upon request addressed to
ir@codereonline.com
.
About Codere Online
Codere Online refers, collectively, to Codere Online Luxembourg, S.A. and its subsidiaries. Codere Online launched in 2014 as part of the renowned casino operator Codere Group. Codere Online offers online sports betting and online casino through its state-of-the art website and mobile applications. Codere currently operates in its core markets of Spain, Mexico, Colombia, Panama and Argentina. Codere Online’s online business is complemented by Codere Group’s physical presence throughout Latin America, forming the foundation of the leading omnichannel gaming and casino presence.
Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, including the Company’s statements related to the Company’s ability to regain compliance with the Rule.
These forward-looking statements are based on information available as of the date of this document and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s or its management team’s views as of any subsequent date, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. There may be additional risks that the Company does not presently know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Additional information concerning certain of these and other risk factors is contained in Codere Online’s filings with the SEC. All subsequent written and oral forward-looking statements concerning Codere Online or other matters attributable to Codere Online or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.
Contacts:
Investors and Media
Guillermo Lancha
Director, Investor Relations and Communications
Guillermo.Lancha@codereonline.com
(+34) 628.928.152
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
