High Roller Technologies plans to submit a compliance plan to regain NYSE listing standards by July 4, 2025.
Quiver AI Summary
High Roller Technologies, the operator of online casino brands High Roller and Fruta, has announced plans to address a compliance issue with NYSE American regarding continued listing standards. The company reported stockholders’ equity of approximately $2.8 million, falling short of the $4 million requirement due to recent losses over three of the last four fiscal years. High Roller must submit a compliance plan by July 4, 2025, to regain compliance within 18 months. If accepted, the company’s stock will remain listed while undergoing periodic reviews. The CEO expressed confidence in the plan's acceptance and the company's ability to rectify the situation promptly, although there are no guarantees of success.
Potential Positives
- Company plans to submit a compliance plan to regain compliance with NYSE American listing standards, indicating proactive management and commitment to maintaining its public listing.
- High Roller Technologies is confident in its ability to demonstrate compliance promptly, which can positively influence investor confidence and market perception.
- The company continues to list its common stock on the NYSE American, allowing it to maintain visibility and access to capital markets while addressing compliance issues.
- High Roller is positioned in the growing online gaming market with innovative offerings, highlighting potential for future growth and recovery in performance.
Potential Negatives
- The company reported stockholders’ equity of approximately $2.8 million, which is below the $4 million requirement for continued listing on the NYSE American, indicating financial instability.
- The need to submit a compliance plan by July 4, 2025, introduces uncertainty about the company's ability to meet listing standards, which may affect investor confidence.
- If the compliance plan is not accepted or if the company does not progress as required, delisting procedures may be initiated, posing a significant risk to its public trading status.
FAQ
What is the current compliance status of High Roller Technologies?
High Roller Technologies has been notified it does not meet NYSE American's stockholders’ equity requirement of $4 million.
What is High Roller Technologies' plan to regain compliance?
The company intends to submit a compliance plan by July 4, 2025, to demonstrate how it will meet listing standards.
What happens if the compliance plan is not accepted?
If the plan is rejected or not followed, the NYSE American will initiate delisting procedures for High Roller Technologies.
Will High Roller’s stock continue to trade during this process?
Yes, the company’s common stock will continue to be listed and trade on the NYSE American during the compliance review.
What is the timeline for High Roller to regain compliance?
The company has 18 months, until December 4, 2026, to demonstrate compliance with NYSE American listing standards.
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.
$ROLR Insider Trading Activity
$ROLR insiders have traded $ROLR stock on the open market 14 times in the past 6 months. Of those trades, 14 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ROLR stock by insiders over the last 6 months:
- BRANDON CHRISTOPHER EACHUS has made 2 purchases buying 38,718 shares for an estimated $99,384 and 0 sales.
- BENJAMIN MICHAEL CLEMES (Chief Executive Officer) has made 5 purchases buying 15,500 shares for an estimated $55,480 and 0 sales.
- DANIEL WALDEMAR BRADTKE has made 2 purchases buying 10,900 shares for an estimated $33,821 and 0 sales.
- MICHAEL CRIBARI has made 3 purchases buying 11,369 shares for an estimated $31,969 and 0 sales.
- MATTHEW EVAN TEINERT (Chief Financial Officer) has made 2 purchases buying 2,000 shares for an estimated $12,670 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Full Release
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Company plans to submit plan of compliance, confident it will demonstrate regained compliance with continued listing standards
Las Vegas, Nevada, June 06, 2025 (GLOBE NEWSWIRE) -- High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of award-winning premium online casino brands High Roller and Fruta , provides an update regarding the status of its ongoing compliance with the listing standards of the NYSE American.
On June 4, 2025, the Company was notified by NYSE American LLC that due to reporting of stockholders’ equity of approximately $2.8 million, the Company no longer meets the requirement that it must have no less than $4 million or more in stockholders’ equity pursuant to the continued listing standards set forth under Section 1003(a)(ii) of the NYSE American Company Guide (the “Company Guide”) because the Company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years ended December 31, 2024 and the Company does not qualify for an exemption under Section 1003(a) of the Company Guide.
The Company must by July 4, 2025, submit a compliance plan that demonstrates how it intends to regain compliance with the continued listing standards within 18 months of the receipt of the notice, or December 4, 2026. The Company intends to develop and submit to the NYSE American such a plan. If the NYSE American does not accept the plan, or if the Company does not make progress consistent with the plan during the plan period, the NYSE American will initiate delisting procedures. If the NYSE American accepts the plan the Company will be subject to periodic reviews including quarterly monitoring for compliance with the plan.
During this period, the Company's common stock will continue to be listed on the NYSE American and trade as usual subject to compliance with other NYSE American listing requirements.
High Roller is confident that it will submit a plan acceptable to the NYSE American within the requisite time period, and that it will promptly be able to demonstrate that it has regained compliance with the continued listing standards. However, there can be no assurance that our plan will be accepted by the NYSE or that we will regain compliance.
Ben Clemes, Chief Executive Officer at High Roller Technologies, said, “This matter of corporate administration was anticipated, and as such we have made the relevant filings and notifications consistent with the requirements of the NYSE. High Roller is in a transformative period, execution against our company strategy is on course, and we are highly confident that this will be resolved promptly.”
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta , listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.
As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website , X , Facebook , and LinkedIn pages.
Forward Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024 and throughout Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and in Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Contact
800-460-1039
