Skillz Inc. Faces Delisting Concerns

TL;DR

Skillz might get delisted - big trouble ahead.

AI Summary

Skillz Inc. filed an 8-K on October 1, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard as of September 25, 2025. The company was formerly known as Flying Eagle Acquisition Corp. and changed its name on January 30, 2020.

Why It Matters

This filing indicates potential issues with Skillz Inc.'s continued listing on a stock exchange, which could lead to significant stock price volatility and reduced investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards is a severe warning sign for a company's financial health and market viability.

Key Players & Entities

• Skillz Inc. (company) — Registrant
• Flying Eagle Acquisition Corp. (company) — Former company name
• September 25, 2025 (date) — Date of earliest event reported
• October 1, 2025 (date) — Date of report
• January 30, 2020 (date) — Date of name change

FAQ

Key Financial Figures

• $0.0001 — stered Class A common stock, par value $0.0001 per share SKLZ NYSE Indicate by chec

Filing Documents

• sklz-20250925.htm (8-K) — 36KB
• 0001801661-25-000037.txt ( ) — 150KB
• sklz-20250925.xsd (EX-101.SCH) — 2KB
• sklz-20250925_lab.xml (EX-101.LAB) — 21KB
• sklz-20250925_pre.xml (EX-101.PRE) — 12KB
• sklz-20250925_htm.xml (XML) — 3KB

01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing As previously disclosed, on April 2, 2025, Skillz Inc. (the "Company") received a notice from the New York Stock Exchange ("NYSE") indicating that the Company was not in compliance with the NYSE's continued listing requirements under the timely filing criteria outlined in Section 802.01E of the NYSE Listed Company Manual, as a result of the Company not timely filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the "2024 Form 10-K"). The NYSE informed the Company that, under the NYSE's rules, the Company would have six months to file the 2024 Form 10-K with the SEC and that the NYSE would continue to list the Company's shares on the NYSE, provided that the Company regains compliance with Section 802.01E within the initial six-month cure period. The Company presented a compliance plan to the NYSE in September 2025 to request an additional extension period for the continued listing of its Class A common stock on the NYSE (the "Additional Cure Period") in order for the Company to complete and file its 2024 Form 10-K, and its Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2025 and June 30, 2025, and any subsequent delinquent SEC quarterly filings (collectively, the "Delayed Filings"), and regain compliance with the NYSE's continued listing requirements. On September 25, 2025, the NYSE granted the Company's request for an Additional Cure Period and agreed to provide the Company with an extension to continue its listing on the NYSE through December 17, 2025, subject to NYSE's ongoing reassessment and provided the Company becomes current with its SEC filings by such date. The Company continues to work diligently to complete and file the Delayed Filings as soon as reasonably practicable, which the Company expects to be in advance of the timing requirements set forth by the NYSE.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. The Company's actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast." "anticipate." "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the Company's actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside of the Company's control and are difficult to predict. Factors that may cause such differences include, but are not limited to, the ability of the Company to: sustain profitability if the Company's revenue continues to decline; effectively compete in the global entertainment and gaming industries; attract and retain successful relationships with the third party developers who develop and update the games hosted on the Company's platform; drive brand awareness with end users; issues in the development and use of artificial intelligence and machine learning; invest in growth and development of employees; comply with laws, regulations and expectations applicable to its business, including with respect to cybersecurity and corporate governance matters; mitigate the commercial, reputational and regulatory risks to our business; remediate during fiscal year 2025 certain non-fully remediated material weaknesses in our internal controls over financial reporting and become current with its SEC filings. Additional fac

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SKILLZ INC. By: /s/ Gaetano Franceschi Name: Gaetano Franceschi Title: Chief Financial Officer Date: October 1, 2025

View Full Filing

View this 8-K filing on SEC EDGAR