The Toronto- and Los Angeles-based gaming and esports company said its shares will continue to trade on the Toronto Stock Exchange. Its voluntary delisting from the Nasdaq, expected to take place around Nov. 9, comes after it was given an extension until Oct. 30 to regain compliance with the Nasdaq’s minimum bid price requirement. (The Logic)

Talking point: Enthusiast said it costs more than US$2 million a year for it to maintain a dual listing and could not currently justify the high cost of continuing to list on both exchanges. The company’s shares fell as low as 23.8 per cent Monday on the TSX. As my colleague Catherine reported in February, Enthusiast has been embroiled in a legal battle against its former chief operating officer, who it alleges conspired with an activist shareholder to oust the CEO. Thamba Tharmalingam denies the allegations and has countersued. In March, Enthusiast appointed a new CEO, Nick Brien, following the activist investor’s campaign.