Organogenesis Holdings Inc. Receives Positive Nasdaq Listing Determination
In furtherance of the Panel's decision, the trading halt of the Company's Class A common stock, which was initiated on
Although the Company is taking definitive steps to timely evidence compliance with the terms of the Panel's decision, there can be no assurance that it will be able to do so. In the event the Company is unable to demonstrate to the satisfaction of Staff and the Panel that it has a minimum of 300 round lot holders of its Class A common stock and that it otherwise meets all applicable requirements for listing on Nasdaq by
Because the Company does not expect to satisfy the 400 round lot holder requirement for its warrants in the near term, the Panel has determined to delist the warrants. As a result, the trading halt in the Company's warrants will be converted to a trading suspension effective at the open of the market on
About
Forward-Looking Statements
The Company makes forward-looking statements in this report within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts for future events. Forward-looking statements may be identified by the use of words such as "will," "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," "extend," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward looking statements include statements relating to the Company's ability to demonstrate compliance with the 300 round lot shareholder requirement and other applicable listing standards and maintain compliance with all applicable Nasdaq listing rules. Forward looking statements with respect to the continued listing of the Company's Class A common stock are based on current expectations that are subject to known and unknown risks and uncertainties, which could cause actual results or outcomes to differ materially from expectations expressed or implied by such forward looking statements. These factors include, but are not limited to: (1) the Company's ability to successfully implement its plan of compliance to increase the number of round lot holders of its Class A common stock and otherwise maintain compliance with applicable Nasdaq listing standards; (2) the Company's ability to recognize the benefits of its recent business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (3) changes in applicable laws or regulations; (4) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (5) other risks and uncertainties described in other documents filed or to be filed by the Company with the
Press and Media Inquiries:
Press Inquiries:
alowe@organo.com
781-774-9364
Investor Inquiries:
OrganoIR@westwicke.com
443-213-0500
View original content to download multimedia:http://www.prnewswire.com/news-releases/organogenesis-holdings-inc-receives-positive-nasdaq-listing-determination-300774288.html
SOURCE