CORRECTING and REPLACING YogaWorks Announces Delisting From NASDAQ
2019年7月16日 - 8:25AM
ビジネスワイヤ（英語）
Please replace the release dated July 12, 2019 with the
following corrected version due to multiple revisions.
The corrected release reads:
YOGAWORKS ANNOUNCES DELISTING FROM
NASDAQ
YogaWorks, Inc. (the “Company”)
(NASDAQ:YOGA), one of the largest providers of high quality yoga
instruction in the U.S., announced that the Company has determined
it to be in its best interests to proceed with plans to remove its
common stock from listing on The NASDAQ Stock Market and will file
an application on Form 25, Notification of Removal From Listing
and/or Registration Under Section 12(b) of the Securities Exchange
Act of 1934. The decision was based on the Company’s current
financial situation, taking into account the fact that the
Company’s common stock is held by relatively few holders and there
is limited trading of the Company’s common stock on NASDAQ.
The Company had previously received a notice from NASDAQ on
December 12, 2018 that, as disclosed on an 8-K filed on December
12, 2018, based upon the closing bid price of the Company’s common
stock for the preceding 30 consecutive business days, the Company
no longer met the requirements to maintain a minimum bid price of
$1.00 per share, as set forth in NASDAQ Listing Rule 5450(a)(1),
and was at risk of being delisted by NASDAQ. In accordance with
NASDAQ Listing Rule 5810(c)(3)(A)(i), the Company was provided a
period of 180 calendar days, or until June 10, 2019, in order to
regain compliance. The Company has since been granted by NASDAQ an
extension of an additional 180 calendar days to regain compliance,
but has instead determined it advisable to proceed with voluntary
delisting.
The Company will file Form 25 on Monday, July 22, 2019, and the
removal of the stock from listing on NASDAQ will become effective
on Thursday, August 1, 2019. The Company will thereafter once again
operate as a private company, as it did prior to its IPO. The
Company’s duty to file any reports under Section 13(a) of the
Exchange Act and the rules and regulations thereunder as a result
of the security’s registration under Section 12(b) of the Exchange
Act shall be suspended upon the effective date of the
delisting.
In addition to this press release, YogaWorks will provide public
notice of its determination on its corporate website at
ir.yogaworks.com/news-releases. Notice will remain posted on the
website until the delisting is effective.
For more information contact:
Michaelr@yogaworks.com
About YogaWorks
YogaWorks, Inc. is one of the largest providers of high-quality
yoga instruction in the U.S., with 68 studios in nine markets
including Los Angeles, Orange County, Northern California, New York
City, Boston, Baltimore, the Washington, D.C. area, Houston and
Atlanta. YogaWorks strives to make yoga accessible to everybody and
offers a wide range of class styles for people of all ages and
abilities. Through its studios, the Company offers yoga classes,
integrated fitness classes, workshops, teacher training programs
and yoga-related retail merchandise. In addition to its studio
locations, YogaWorks offers online instruction through its
MyYogaWorks web platform, which provides subscribers with a highly
curated catalog of over 1,200 yoga and meditation classes.
Forward-Looking Statements
This press release may include forward-looking statements that
reflect the Company's current views about future events and
financial performance. All statements other than statements of
historical facts included in this press release that address
activities, events or developments that the Company expects,
believes or anticipates will or may occur in the future are
forward-looking statements, as that term is defined in the Private
Securities Litigation Reform Act of 1995. Words such as
"estimates," "expects," "anticipates," "projects," "plans,"
"intends," "believes," "forecasts" and other words and terms of
similar meaning in connection with any discussion of the timing or
nature of future operating or financial performance or other events
are forward-looking statements.
These forward-looking statements are expressed in good faith and
the Company believes there is a reasonable basis for them. However,
there can be no assurance that the events, results or trends
identified in these forward-looking statements will occur or be
achieved. Investors should not place undue reliance on any of the
Company's forward-looking statements because they are subject to a
variety of risks and uncertainties. Factors that could cause
results to differ from those reflected in the forward-looking
statements are set forth in the Company's prior press releases and
public filings with the Securities and Exchange Commission, which
are available via the Company's website at www.yogaworks.com. The
forward-looking statements in this press release speak only as of
the date of this release and, except as required by law, the
Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which it is made or to reflect the occurrence of anticipated or
unanticipated events or circumstances.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190712005430/en/
Michael Roberts; michaelr@yogaworks.com
YogaWorks (NASDAQ:YOGA)
過去 株価チャート
から 10 2024 まで 11 2024
YogaWorks (NASDAQ:YOGA)
過去 株価チャート
から 11 2023 まで 11 2024
