Core Viewpoint - Brag House Holdings, Inc. is investigating potential illegal naked short selling that may have negatively impacted its stock price and has requested regulatory bodies to open an investigation [1][2][6]. Trading Activity and Stock Performance - The company's stock experienced a significant decline, closing at $6.61 on March 31, 2025, and dropping to $1.27 on April 1, 2025, marking an 80.79% decrease in one trading day [3]. - On April 1, 2025, trading volume was nearly three times the size of the shares from the company's initial public offering, leading to nine trading halts on that day [4]. - The average financing rates to borrow Brag House's stock exceeded 115% in April 2025, indicating high demand for borrowing the stock [4]. Indicators of Potential Naked Short Selling - The company has identified discrepancies between shares reported as beneficially owned and those reported to the Depository Trust Company, suggesting the possible existence of fictitious shares in the market [5]. - Persistent failures to deliver shares were noted in late March and early April 2025, which may indicate illegal trading practices [4][6]. Company Strategy and Outlook - Despite the stock price volatility, the company continues to focus on strategic initiatives aimed at enhancing digital engagement for casual college gamers and building brand partnerships [7]. - Brag House is confident in its strategic plan and ongoing initiatives to create shareholder value, including a recent partnership with Learfield [7].