TORONTO, Jan. 26, 2021 (World NEWSWIRE) — Skylight Wellbeing Group Inc (TSXV:SHG, OTCQX:SHGFF) (“Skylight Overall health” or the “Business”), one of the premier multi-specialty health care methods in the United States, has submitted its formal software to list the Company’s frequent stock in the US on the NASDAQ Capital Marketplace.
Skylight Well being administration believes up-listing to NASDAQ will:
- Offer supplemental alternatives to catch the attention of institutional and retail traders, allowing for the Corporation to broaden its investor base in the United States and internationally.
- Enhance the visibility of the Firm, its growth method, accomplishments, and outcomes to date.
- Speed up growth and make a additional eye-catching system for increased M&A ability.
- Increase liquidity of the Company’s popular shares and
- Raise the Firm’s in general profile and eventually boost shareholder worth.
“We think the Enterprise is coming into a heightened development period and the timing could not be much better for up-listing our Shares to NASDAQ,” said Prad Sekar, Co-Founder and CEO. “Being in a situation to checklist our prevalent stock on the NASDAQ reflects the major development we have designed in creating our economical and liquidity criteria, strengthening our company governance, and positioning the Organization for long term growth and profitability. This up-listing will offer us with a larger sized pool of traders that use the NASDAQ as a necessity for assembling a portfolio and allow us to broaden our giving to American investors who realize to start with-hand the trillion-dollar healthcare option.”
Acceptance for listing Firm shares is issue to approval, in portion, based mostly on the Company’s capability to meet bare minimum listing demands for the NASDAQ Funds Current market. Even though the Enterprise intends to satisfy all the applicable listing criteria, no assurance can be supplied that its application will be permitted. A buying and selling date will be designed general public at the time all regulatory specifications are satisfied.
The Company’s popular stock will proceed to trade in Canada on the TSX Venture Trade underneath its recent symbol SHG and till NASDAQ listing, in the U.S. and on the OTCQX below its present-day symbol, SHGFF.
About the NASDAQ
The NASDAQ Inventory Market place is world electronic marketplace for obtaining and marketing securities. It was made by the Nationwide Association of Securities Sellers (“NASD”) to allow traders to trade securities on a computerized, speedy, and clear technique. For far more about the NASDAQ, go to www.nasdaq.com.
About Skylight Well being Group
Skylight Health Group (TSXV:SHG, OTCQX:SHGFF) is a health care products and services and technological know-how corporation, doing work to positively affect individual well being results. The Business operates a US multi-point out well being community that contains of actual physical multi-disciplinary medical clinics providing a selection of companies from main care, sub-specialty, allied overall health and laboratory/diagnostic screening. The Business owns and operates a proprietary digital overall health file method that supports the delivery of treatment to individuals by way of telemedicine and other remote checking method integrations. With a individual roster of in excess of 150,000 individuals, the Firm’s functions servicing 15 states and continues to grow in companies and places both of those organically and by way of strategic acquisitions.
The Firm principally operates a regular insurable charge-for-support product contracting with Medicare, Medicaid and other Business Payors. The Enterprise also features a disruptive membership-based telemedicine provider for the un/less than-insured populace who have restricted entry to urgent care owing to charge.
For a lot more information and facts, please visit www.skylighthealthgroup.com.
Cautionary and Forward-Seeking Statements
Specified info in this push launch, which includes with regard to the timing, receipt of regulatory approval for, and listing of the Prevalent Shares on NASDAQ and the submitting of a Sort 20-F Registration Assertion with the SEC, constitutes forward-wanting details. In some circumstances, but not essentially in all circumstances, ahead-hunting information and facts can be discovered by the use of forward-looking terminology this kind of as “programs”, “targets”, “expects” or “does not assume”, “is predicted”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not foresee” or “thinks”, or variations of these types of text and phrases or condition that specified steps, functions or results “may perhaps”, “could”, “would”, “could possibly”, “will” or “will be taken”, “happen” or “be attained”. In addition, any statements that refer to anticipations, projections or other characterizations of foreseeable future activities or situation comprise forward-seeking information. Statements made up of ahead-looking information and facts are not historic specifics but rather symbolize management’s expectations, estimates and projections about potential occasions.
Ahead-searching info is essentially centered on a selection of views, assumptions and estimates that, whilst regarded as fair by the Corporation as of the day of this press release, are matter to known and not known risks, uncertainties, assumptions and other elements that may cause the actual success, stage of exercise, efficiency or achievements to be materially different from all those expressed or implied by such ahead-on the lookout information, such as but not minimal to the Business acquiring the important regulatory approvals to full the listing on NASDAQ and the factors described in increased depth in the “Danger Things” part of the Firm’s latest yearly facts sort readily available at www.sedar.com. These things are not meant to characterize a comprehensive checklist of the variables that could affect the Enterprise nonetheless, these elements ought to be viewed as diligently. There can be no assurance that these kinds of estimates and assumptions will confirm to be appropriate. The ahead-looking statements contained in this push release are created as of the day of this push release, and the Company expressly disclaims any obligation to update or alter statements made up of any ahead-hunting information, or the things or assumptions underlying them, whether or not as a consequence of new details, future events or normally, besides as essential by legislation.
Neither TSX Enterprise Exchange nor its Regulation Companies Supplier (as that term is described in guidelines of the TSX Venture Trade) accepts duty for the adequacy or accuracy of this release.