SAN DIEGO, Nov. 19, 2020 /PRNewswire/ — Youngevity Worldwide, Inc. (NASDAQ: YGYI), a number one multi-channel way of life firm, in the present day introduced that the Firm obtained discover on November 18, 2020 from the Nasdaq Hearings Panel (the “Panel”) that it has decided to delist the Firm’s securities from The Nasdaq Stock Market LLC (“Nasdaq“) based mostly upon the Firm’s non-compliance with the submitting necessities set forth in Nasdaq Itemizing Rule 5250(c)(1) for failing to file its Kind 10-Okay for the yr ended December 31, 2019, and Kinds 10-Q for the intervals ended March 31, 2020 and June 30, 2020. On account of the Panel’s determination, Nasdaq will droop buying and selling within the Firm’s securities efficient on the open of enterprise on Friday, November 20, 2020 and indicated that it intends to file a Kind 25 Notification of Delisting with the Securities and Change Fee (the “SEC”), notifying the SEC of Nasdaq‘s willpower to take away the Firm’s securities shares from itemizing on Nasdaq beneath Part 12(b) of the Securities Change Act of 1934, as amended.
The formal delisting of the Firm’s widespread shares from Nasdaq will turn out to be efficient ten days after the Kind 25 is filed. In reference to the suspension of buying and selling on The Nasdaq Capital Market, the Firm expects that its widespread stock and Collection D most popular stock might be eligible to commerce on the OTC Markets system efficient with the open of the markets on Friday, November 20, 2020. The Firm expects that each its widespread stock and Collection D most popular stock will commerce beneath its present buying and selling symbols YGYI and YGYIP on the OTC Markets.
Steve Wallach, CEO of Youngevity Worldwide, Inc acknowledged, “We’re within the means of making ready a shareholder communication letter which is able to present an replace on latest progress that has been made on the Firm together with enterprise highlights, and our plan to turn out to be present in our monetary reporting and relist on Nasdaq or one other nationwide securities exchange.”
About Youngevity Worldwide, Inc.
Youngevity Worldwide, Inc. ( NASDAQ : YGYI ), is a multi-channel way of life firm working in three distinct enterprise segments together with a industrial espresso enterprise, a industrial hemp enterprise, and a multi-vertical omni direct promoting enterprise. The Firm includes a multi nation promoting community and has assembled a digital Important Street of services beneath one company entity, YGYI provides merchandise from the six prime promoting retail classes: well being/vitamin, house/household, meals/beverage (together with espresso), spa/magnificence, attire/jewellery, in addition to revolutionary providers. For investor info, please go to YGYI.com. Make sure to like us on Fb and comply with us on Nasdaq_YGYI&a=Twitter” rel=”nofollow” goal=”_blank”>Twitter.
Protected Harbor Assertion
This launch incorporates forward-looking statements inside the which means of the Non-public Securities Litigation Reform Act of 1995. In some instances, forward-looking statements may be recognized by terminology resembling “may,” “ought to,” “potential,” “proceed,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and comparable expressions. These forward-looking statements are based mostly on administration’s expectations and assumptions as of the date of this press launch and are topic to plenty of dangers and uncertainties, lots of that are troublesome to foretell that might trigger precise outcomes to vary materially from present expectations and assumptions from these set forth or implied by any forward-looking statements, and embrace statements relating to offering an replace on latest progress that has been made on the Firm together with enterprise highlights, and our plan to turn out to be present in our monetary reporting and relist on Nasdaq or one other nationwide securities exchange.. Essential components that might trigger precise outcomes to vary materially from present expectations embrace, amongst others, our capability to turn out to be present in our monetary reporting and relist on Nasdaq or one other nationwide securities exchange, our capability to proceed our espresso phase and hemp phase progress, our capability to proceed our worldwide progress, our capability to leverage our platform and international infrastructure to drive natural progress, our capability to enhance our profitability, develop our liquidity, and strengthen our stability sheet, the acceptance of the omni-direct strategy by our prospects, our capability to develop our distribution, our capability to proceed our monetary efficiency and the opposite components mentioned in our Annual Report on Kind 10-Okay for the yr ended December 31, 2018 and our subsequent filings with the SEC, together with subsequent periodic reviews on Kinds 10-Q and 8-Okay. The data on this launch is offered solely as of the date of this launch, and we undertake no obligation to replace any forward-looking statements contained on this launch on account of latest info, future occasions, or in any other case, besides as required by legislation.
Youngevity Worldwide, Inc.
President and Chief Funding Officer
1 800 982 3189 X6500
YGYI Investor Relations
SOURCE Youngevity Worldwide, Inc.