Astralis might delist as a result of the low stock prize

Due to Astralis’ low share price, the organization has initiated an evaluation of its strategy, and it is possible to delist from the stock exchange.

The esports industry is currently going through a severe financial crisis. This crisis is affecting large organizations such as FaZe, which has received a notice from NASDAQ for the low price of its shares and has reported more than 53 million in losses. On the other hand, Heroic is another organization affected by the financial crisis. Now we see that Astralis Group joins the group of organizations affected by the crisis.

Low Astralis Group share price on the stock market

After a long period of Astralis Group’s shares falling sharply on the stock market, the company’s management has decided to evaluate its financial strategies.

Astralis Group’s board of directors assesses the best way forward for the company after the low share value; they are considering delisting it from the stock exchange.

Since the launch of Astralis Group on the stock exchange in 2019, its share price has fallen about 65%. However, the organization acknowledges that the shares were currently at a substantial discount.

The organization’s managers claim that the drop in the share price could be due to various factors, such as:

• Sale of some of the company’s assets.
• Delisting of the shares
• Issuance of new shares
• Mergers with other companies

Due to one of these options or the combination of all, Astralis Group faces problems in the stock market. So it is necessary at this time for the organization to rethink its financial strategy.

Financial review of Astralis Group

The directors of Astralis Group have not been informed when they might have the results of the financial review of the organization; however, they are committed to keeping all shareholders informed of the outcome.

On the other hand, the organization’s Board of Directors affirms that Astralis Group remains in optimal conditions to generate positive returns for all its members.

Astralis Group has strong teams to represent the organization in different tournaments. The organization’s leading team is the Counter-Strike: Global Offensive team, which has placed in both the BLAST Premier and the ESL Pro League tournaments. On the other hand, the team representing Astralis has a place to participate in the LoL LEC.

Regardless of the outcome of Astralis’ financial review, this news shows that three of the biggest esports organizations are not in a good financial position.

Header: Astralis