TORONTO, Jan. 26, 2021 (Globe NEWSWIRE) — Skylight Well being Team Inc (TSXV:SHG OTCQX: SHGFF) (“Skylight Health” or the “Company”), one of the most significant multi-specialty healthcare techniques in the United States, has submitted its official software to list the Company’s popular inventory in the US on the NASDAQ Money Marketplace.
Skylight Overall health management thinks up-listing to NASDAQ will:
- Deliver extra possibilities to attract institutional and retail investors, permitting the Business to broaden its investor base in the United States and internationally.
- Increase the visibility of the Company, its progress approach, accomplishments, and effects to day.
- Speed up growth and develop a more interesting system for enhanced M&A ability.
- Enhance liquidity of the Company’s typical shares and
- Elevate the Company’s all round profile and in the end increase shareholder price.
“We believe that the Company is coming into a heightened growth phase and the timing could not be far better for up-listing our Shares to NASDAQ,” mentioned Prad Sekar, Co-Founder and CEO. “Being in a posture to list our common stock on the NASDAQ reflects the significant development we have created in creating our monetary and liquidity benchmarks, strengthening our company governance, and positioning the Enterprise for future development and profitability. This up-listing will deliver us with a greater pool of buyers that use the NASDAQ as a need for assembling a portfolio and enable us to broaden our giving to American buyers who understand initial-hand the trillion-greenback health care chance.”
Acceptance for listing Organization shares is subject to acceptance, in element, based on the Company’s skill to meet bare minimum listing requirements for the NASDAQ Money Market. Although the Company intends to fulfill all the applicable listing standards, no assurance can be offered that its application will be authorized. A buying and selling day will be built general public after all regulatory requirements are pleased.
The Company’s common inventory will proceed to trade in Canada on the TSX Enterprise Trade under its latest symbol SHG and right until NASDAQ listing, in the U.S. and on the OTCQX under its existing symbol, SHGFF.
About the NASDAQ
The NASDAQ Stock Market place is world electronic market for purchasing and selling securities. It was produced by the National Affiliation of Securities Dealers (“NASD”) to allow traders to trade securities on a computerized, speedy, and transparent program. For much more about the NASDAQ, go to www.nasdaq.com.
About Skylight Well being Team
Skylight Wellness Group (TSXV:SHG OTCQX:SHGFF) is a healthcare companies and know-how firm, performing to positively affect affected person overall health outcomes. The Business operates a US multi-state health community that contains of physical multi-disciplinary medical clinics offering a array of products and services from primary treatment, sub-specialty, allied well being and laboratory/diagnostic tests. The Corporation owns and operates a proprietary digital health document technique that supports the shipping and delivery of treatment to individuals via telemedicine and other distant monitoring technique integrations. With a patient roster of about 150,000 patients, the Company’s functions servicing 15 states and carries on to broaden in services and destinations the two organically and by way of strategic acquisitions.
The Business generally operates a common insurable payment-for-company model contracting with Medicare, Medicaid and other Industrial Payors. The Firm also offers a disruptive subscription-based telemedicine service for the un/below-insured population who have limited entry to urgent treatment due to price.
For far more details, be sure to visit www.skylighthealthgroup.com.
Cautionary and Forward-Wanting Statements
Certain information in this push release, which include with respect to the timing, receipt of regulatory acceptance for, and listing of the Common Shares on NASDAQ and the submitting of a Variety 20-F Registration Statement with the SEC, constitutes forward-on the lookout details. In some cases, but not essentially in all scenarios, forward-looking information can be identified by the use of ahead-wanting terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an chance exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or versions of these types of words and phrases or state that certain steps, functions or benefits “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to anticipations, projections or other characterizations of long term situations or conditions have ahead-seeking facts. Statements that contains ahead-seeking info are not historic info but instead stand for management’s anticipations, estimates and projections relating to potential situations.
Forward-searching info is necessarily based on a range of viewpoints, assumptions and estimates that, while regarded as affordable by the Firm as of the day of this press launch, are subject to recognised and unfamiliar challenges, uncertainties, assumptions and other aspects that may induce the actual results, amount of exercise, effectiveness or achievements to be materially diverse from those people expressed or implied by these types of forward-hunting information and facts, such as but not constrained to the Business acquiring the needed regulatory approvals to full the listing on NASDAQ and the elements explained in better detail in the “Risk Factors” portion of the Company’s recent annual information sort out there at www.sedar.com. These variables are not supposed to symbolize a full list of the things that could affect the Enterprise nevertheless, these things ought to be regarded as cautiously. There can be no assurance that such estimates and assumptions will prove to be accurate. The forward-searching statements contained in this press launch are designed as of the date of this push launch, and the Firm expressly disclaims any obligation to update or alter statements made up of any ahead-looking info, or the components or assumptions underlying them, no matter if as a final result of new data, long run occasions or normally, other than as demanded by law.
Neither TSX Enterprise Exchange nor its Regulation Expert services Supplier (as that term is described in insurance policies of the TSX Undertaking Trade) accepts obligation for the adequacy or accuracy of this launch.