Minneapolis, March 13, 2023 (GLOBE NEWSWIRE) -- Sezzle Inc. (ASX:SZL) (Sezzle or Company) // Purpose-driven payment platform, Sezzle, today announced its...
This means that you are unable to sell the CDIs into the US or to a US person who is not a QIB for the foreseeable future, unless the re-sale of the CDIs is registered under the Securities Act or another exemption is available. Forward-looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," and other words of similar meaning. The CDIs have not been registered under the Securities Act or the laws of any state or other jurisdiction in the US. Investors may obtain additional information regarding the direct and indirect interests of Sezzle and its directors and executive officers with respect to the proposed reverse stock split by reading the proxy statement and other filings referred to above. Information regarding the directors and executive officers of Sezzle and their ownership of shares of common stock is contained in Sezzle’s proxy statement and is supplemented by other public filings made, and to be made, with the SEC. Sezzle and its directors and executive officers may be deemed to be participants in the solicitation of proxies with respect to the reverse stock split. The Company intends to provide guidance to investors on the timing of the stockholder meeting, FOR US prohibited tag removal, and Nasdaq listing in the future, but anticipates completing each of these activities no later than September 30, 2023. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities. “A listing on the Nasdaq is a natural evolution for Sezzle given the Company is already filing the necessary reports with the SEC,” stated Charlie Youakim, Sezzle’s Chairman and CEO. To satisfy the minimum US$4.00 bid price required by the initial listing requirements of the Nasdaq Global Market, the Company’s Board of Directors has approved, subject to stockholder approval, a reverse split of the Company’s common stock. [Sezzle](https://www.globenewswire.com/Tracker?data=JYkjXhUNCcii4xNl0DwcA2T7axKtBziiEsRkk6eA25g-p_r2AWbl1Not24JfMbVL), today announced its intent to list its shares of common stock for trading on the Nasdaq Global Market. The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions.
The Sezzle Inc (ASX:SZL) share price is on the move on Tuesday after the company announced plans to list on the Nasdaq...
A listing on the Nasdaq is a natural evolution for Sezzle given the Company is already filing the necessary reports with the SEC. However, one thing that will have to change is the Sezzle share price. It does, however, hope that the move expands its investor base. There would be no change to the overall value of your holding. Sezzle hasn’t revealed what its reverse split would be. [ASX: SZL](https://www.fool.com.au/tickers/asx-szl/)) share price is having a very strong start to the session on Tuesday morning.
WARRINGTON, Pa., March 13, 2023 (GLOBE NEWSWIRE) -- Windtree Therapeutics, Inc. (“Windtree” or the “Company”) (NasdaqCM: WINT), a biotechnology company...
Any forward-looking statements that the Company makes in this press release speak only as of the date of this press release. The Company assumes no obligation to update forward-looking statements whether as a result of new information, future events or otherwise, after the date of this press release. The Company was previously notified by Nasdaq on June 3, 2022 that it was not in compliance with the minimum bid price rule because its common stock failed to meet the closing bid price of $1.00 or more for 30 consecutive trading days, as required by the Nasdaq Listing Rules. To regain compliance with the Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. Such statements are based on information available to the Company as of the date of this press release and are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from the Company’s current expectations. The Company may, in some cases, use terms such as "predicts," "believes," "potential," "proposed," "continue," "estimates," "anticipates," "expects," "plans," "intends," "may," "could," "might," "will," "should" or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements.
Should this proposed listing happen, the company's shares of common stock will continue to trade on the Australian Securities Exchange (ASX) and it intends to ...
“We went from a company that reported a net loss of $75.2 million in fiscal year 2021 to exiting 2022 with net income in the fourth quarter.” “Although we are not seeking to raise capital as part of the Nasdaq listing, we are excited to expand the universe of potential investors to the United States.” “Fiscal year 2022 will go down as a watershed moment for Sezzle,” Youakim said in the Feb. [Charlie Youakim](https://www.linkedin.com/in/charlieyouakim/) said in the release. Should this proposed listing happen, the company’s shares of common stock will continue to trade on the Australian Securities Exchange (ASX) and it intends to enable it to be sold to United States buyers on the ASX as well, the payment platform said in a Monday (March 13) [Sezzle](https://sezzle.com/) intends to list shares of common stock on the Nasdaq Global Market.
Windtree Therapeutics (WINT) has received a Bid Price Compliance Letter from The Nasdaq informing Windtree that it has regained compliance with the minimum ...
[WINT](https://seekingalpha.com/symbol/WINT)) has received a Bid Price Compliance Letter from The Nasdaq informing Windtree that it has [regained compliance](https://seekingalpha.com/pr/19192555-windtree-regains-compliance-nasdaq)with the minimum bid price requirement under Nasdaq Listing Rule. - Windtree Therapeutics (NASDAQ: Windtree Therapeutics regains compliance with Nasdaq
Sezzle Inc., the purpose-driven payment platform, has announced its intent to list its shares of common stock for trading on the Nasdaq Global Market, ...
[SEC](https://nnn.ng/tag/sec/). [ASX-](https://nnn.ng/tag/asx/). [](https://nnn.ng/#:~:text=bloggers outreach) Similarly, the ASX will also review the removal of the Foreign Ownership Restricted ( [FOR](https://nnn.ng/tag/for/)) [United States](https://nnn.ng/tag/united-states/) (US) person prohibited tag from CDIs. This designation restricts any CDIs from being sold on ASX to US persons excluding The Company cautions investors to consider these risks when making investment decisions.
SZL intends to eliminate the Foreign Ownership Restricted United States person forbidden tag from the CDIs ahead of the Nasdaq listing. The company may go for a ...
Out of the US$1.2 million, US$0.25 million is insured by FDIC. But the overall value of the shareholding would not change. This tag has so far effectively stopped the sale of CDIs on the Australian Securities Exchange to US people except when an exemption was available. [, Sezzle said the company held US$1.2 million](https://kalkinemedia.com/au/stocks/technology/seven-asx-technology-companies-having-cash-deposits-with-silicon-valley-bank) of cash with the collapsed Silicon Valley Bank. On such listing, Sezzle’s common stock securities, signified by CHESS Depositary Interests (CDIs), will keep trading on the ASX. As of 1:00 pm, AEDT shares of the buy now pay later (BNPL) provider were trading up by 4.716% at AU$0.555, outperforming the broader ASX 200 index, which was down over 1.5% around that time.
Sezzle Inc. (ASX:SZL) (Sezzle or Company) // Purpose-driven payment platform, Sezzle, today announced its intent to list its shares of common stock for ...
The Company intends to provide guidance to investors on the timing of the stockholder meeting, FOR US prohibited tag removal, and Nasdaq listing in the future, but anticipates completing each of these activities no later than September 30, 2023. To satisfy the minimum US$4.00 bid price required by the initial listing requirements of the Nasdaq Global Market, the Company’s Board of Directors has approved, subject to stockholder approval, a reverse split of the Company’s common stock. The Company further intends to remove the Foreign Ownership Restricted (FOR) United States (US) person prohibited tag from the CDIs in advance of the Nasdaq listing.
Kevin Eisele, managing director of equity capital markets at investment bank William Blair, attributed plummeting valuations across the sector to the inevitable ...