An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Bragg Gaming Group Changes Composition of Board of Directors’ Audit Committee
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Bragg Gaming Group (NASDAQ: BRAG), a global gaming technology provider, announced the appointment of Alex Spiro to its Audit Committee, while Rob Godfrey resigned from the position, effective May 1, 2022. Following this change, the Audit Committee now consists of Paul Pathak (Chair), Holly Gagnon, and Alex Spiro, all meeting the independence criteria set by Nasdaq. This restructuring follows a previous compliance notification from Nasdaq, related to an independent director requirement, which has now been addressed.
Positive
Compliance with Nasdaq's Listing Rule 5810(b) has been restored.
New member Alex Spiro brings fresh perspectives to the Audit Committee.
Negative
Rob Godfrey's resignation raises concerns about continuity in the Audit Committee.
TORONTO--(BUSINESS WIRE)--
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) ("Bragg" or the "Company"), a global B2B gaming technology and content provider, announced today that Alex Spiro was appointed to serve on the Audit Committee of the Board of Directors and that Rob Godfrey resigned from the Audit Committee. Both changes occurred May 1, 2022. Reflecting these changes, the Company’s Audit Committee is comprised of Paul Pathak (Chair), Holly Gagnon and Alex Spiro. Each of these three members of the Audit Committee meet the criteria for director independence set forth in Rule 10A-3(b)(1) under the Securities Exchange Act of 1934.
On May 4, 2022 Bragg received notice from the Nasdaq Stock Exchange (“Nasdaq”) notifying it that prior to the above noted changes in the composition of the Audit Committee, the Company was not in compliance with Nasdaq’s Listing Rule 5810(b) which requires that there must be three independent directors serving on the Audit Committee. The non-compliance was the result of Paul Godfrey being appointed Interim Chief Executive Officer on November 15, 2021 which caused Rob Godfrey to no longer be independent due to a family relationship. With the above noted changes in the composition of the Board, Bragg is now in compliance with Nasdaq Listing Rule 5810(b).
About Bragg Gaming Group Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is a growing global gaming technology and content group and owner of leading B2B companies in the iGaming industry. Since its inception in 2018, Bragg has grown to include operations across Europe, North America and Latin America and is expanding into an international force within the global online gaming market.
Through its wholly-owned subsidiary ORYX Gaming, Bragg delivers proprietary, exclusive and aggregated casino content via its in-house remote games server (RGS) and ORYX Hub distribution platform. ORYX offers a full turnkey iGaming solution, including its Player Account Management (PAM) platform, as well as managed operational and marketing services.
Nevada-based Wild Streak Gaming is Bragg's wholly owned premium US gaming content studio. Wild Streak has a popular portfolio of casino games that are offered across land-based, online and social casino operators in global markets including the U.S. and U.K.
In May 2021, Bragg announced its planned acquisition of Nevada-based Spin Games, B2B gaming technology and content provider currently servicing the U.S. market. Spin holds licenses in key iGaming-regulated U.S. states and supplies Tier 1 operators in the region.
Find out more.
