It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
Hover or tap a dot to see the filings behind that score.
GAN Limited (the “Company”) is unable to file its annual report on Form 10-K for the year ended December 31, 2022 (the “Annual Report”) with the Securities and Exchange Commission (the “SEC”) within the prescribed time period without unreasonable effort or expense. The Company requires additional time to complete its Annual Report due to additional time needed for the Audit Committee of the Company to complete its review of the Annual Report. On March 29, 2023, the Company amended and restated its Content Licensing Agreement with a third party content provider which resulted in a reduced contract term ending March 31, 2024, and a reduction in the fixed fees payable under the arrangement by $15 million. In consideration for the execution of the Amended Agreement, in March 2023 the Company entered into a Subscription Agreement with the Content Provider, under which the Content Provider has subscribed to 1,250,000 of the Company’s ordinary shares. On March 30, 2023, the Company entered into a Master Gaming Services Agreement with Stations Casinos LLC (“Stations”) to launch GameSTACK RMiG and GAN Sports sportsbook solutions at its properties through self-service kiosks as well as through on-premises and statewide mobile versions in Nevada, subject to applicable licensure. As an additional incentive for Stations to support the commercial success of the online casino and sportsbook launch in Nevada, the Master Gaming Services Agreement includes a Synthetic Equity Addendum which would require that the Company make a payment to Stations in the event of a change of control in the Company (the “Change of Control Payment”), subject to certain conditions outlined in the Synthetic Equity Addendum. The pendency of these material subsequent events during the preparation of our financial statements and the timing of the transaction so close to the March 31, 2023 filing date, have resulted in additional procedures for the Company
NT 10-K, filed 2023-04-03 · restatement
GAN Limited (the “Company”) is unable to file its annual report on Form 10-K for the year ended December 31, 2022 (the “Annual Report”) with the Securities and Exchange Commission (the “SEC”) within the prescribed time period without unreasonable effort or expense. The Company requires additional time to complete its Annual Report due to additional time needed for the Audit Committee of the Company to complete its review of the Annual Report. On March 29, 2023, the Company amended and restated its Content Licensing Agreement with a third party content provider which resulted in a reduced contract term ending March 31, 2024, and a reduction in the fixed fees payable under the arrangement by $15 million. In consideration for the execution of the Amended Agreement, in March 2023 the Company entered into a Subscription Agreement with the Content Provider, under which the Content Provider has subscribed to 1,250,000 of the Company’s ordinary shares. On March 30, 2023, the Company entered into a Master Gaming Services Agreement with Stations Casinos LLC (“Stations”) to launch GameSTACK RMiG and GAN Sports sportsbook solutions at its properties through self-service kiosks as well as through on-premises and statewide mobile versions in Nevada, subject to applicable licensure. As an additional incentive for Stations to support the commercial success of the online casino and sportsbook launch in Nevada, the Master Gaming Services Agreement includes a Synthetic Equity Addendum which would require that the Company make a payment to Stations in the event of a change of control in the Company (the “Change of Control Payment”), subject to certain conditions outlined in the Synthetic Equity Addendum. The pendency of these material subsequent events during the preparation of our financial statements and the timing of the transaction so close to the March 31, 2023 filing date, have resulted in additional procedures for the Company
GAN Limited (the “Company”) is unable to file its annual report on Form 10-K for the year ended December 31, 2021 (the “Annual Report”) with the Securities and Exchange Commission (the “SEC”) within the prescribed time period without unreasonable effort or expense. The Company requires additional time to complete its Annual Report because the Company has discovered that its previously issued unaudited condensed consolidated financial statements for the periods ended March 31, 2021, June 30, 2021 and September 30, 2021 (such reports, the “ 2021 Quarterly Financial Statements ”) should be restated and no longer relied upon. As a result, the Company intends to file amended quarterly reports on Form 10-Q/A to restate the 2021 Quarterly Financial Statements (the “ Restated Quarterly Reports ”). Management has determined that a material weakness existed in the Company’s internal control over financial reporting as of the end of each of the quarterly periods specified above related to the completeness and accuracy of accounting for, and disclosure of, software development costs and the timing of revenue recognition where performance obligations were ongoing, which resulted in the aforementioned misstatements. The Company currently anticipates filing the Annual Report shortly after it files its Restated Quarterly Reports, but no later than on or before the fifteenth calendar day extension provided by Rule 12b-25
2022-03-29accounts declared unreliable SEC →
2021-07-12auditor changed or resigned SEC →
2021-06-08auditor changed or resigned SEC →
2021-04-16auditor changed or resigned SEC →
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice