illumin Announces Intention to Voluntarily Delist from NASDAQ
01 Septembre 2023 - 2:00PM
illumin Holdings Inc. (TSX:ILLM, Nasdaq:ILLM) (“illumin” or
the “Corporation”) today announced that it has notified
the NASDAQ Stock Market LLC (“
NASDAQ”) of its
intention to voluntarily delist its common shares
(“
Shares”) from The Nasdaq Stock Market
(“
NASDAQ”). Shares will continue to trade on the
Toronto Stock Exchange (“
TSX”).
With the majority of its Shares trading on the
TSX, illumin believes the costs and administrative requirements
associated with maintaining a dual listing are not justified at
this time. The decision to voluntarily delist the Shares from
NASDAQ was first announced by the Corporation in a press release on
July 26, 2023.
The Corporation plans to file a Form 25 with the
Securities Exchange Commissions (the “SEC”) and
expects that its Shares will cease trading on NASDAQ on or about
September 11, 2023. The Corporation’s financial statements, press
releases and other information will continue to be available on
SEDAR+ at www.sedarplus.com, on EDGAR at www.sec.gov and on its
website at illumin.com.
Forward-Looking Statements
This press release contains “forward-looking
statements” under applicable securities laws with respect to the
Corporation including, without limitation, statements regarding the
Corporation’s strategic and operational plan, including the
intention to delist the Shares from NASDAQ. Although the
Corporation believes that the expectations reflected in such
forward-looking statements are reasonable, such statements involve
risks and uncertainties and are based on information currently
available to the Corporation. Actual results or events may differ
materially from those expressed or implied by such forward- looking
statements. Factors that could cause actual results or events to
differ materially from current expectations, among other things,
include the ability of the Corporation to execute its plan for
delisting the Shares and risk factors discussed in materials filed
with applicable securities regulatory authorities from time to time
including matters discussed under “Risk Factors” in the
Corporation’s most recent Annual Information Form and annual
Management Discussion and Analysis, which also form part of the
Corporation’s annual report on Form 40-F filed with the U.S.
Securities and Exchange Commission. These forward-looking
statements are made as of the date hereof, and the Corporation
assumes no obligation to update or revise them to reflect new
events or circumstances, except as required by law.
About illumin:
illumin is a journey advertising platform that
enables marketers to reach consumers at every stage of their
journey by leveraging advanced machine learning algorithms and
real-time data analytics. The company’s mission is to illuminate
the path for brands to connect with their customers through the
power of data-driven advertising. Headquartered in Toronto, Canada,
illumin serves clients across North America, Latin America, and
Europe.
For further information, please
contact:
Daniel GordonInvestor Relations ManagerIllumin Holdings416-218-9888
investors@illumin.com |
Babak PedramInvestor Relations – CanadaVirtus Advisory Group
Inc.416-646-6779bpedram@virtusadvisory.com |
David HanoverInvestor Relations – U.S.KCSA Strategic
Communications212-896-1220dhanover@kcsa.com |
Illumin (TSX:ILLM)
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