SAN DIEGO, Nov. 19, 2020 /PRNewswire/ — Youngevity International, Inc. (NASDAQ: YGYI), a number one multi-channel life-style firm, at this time introduced that the Company obtained discover on November 18, 2020 from the Nasdaq Hearings Panel (the “Panel”) that it has decided to delist the Company’s securities from The Nasdaq Stock Market LLC (“Nasdaq”) primarily based upon the Company’s non-compliance with the submitting necessities set forth in Nasdaq Listing Rule 5250(c)(1) for failing to file its Form 10-Okay for the 12 months ended December 31, 2019, and Forms 10-Q for the durations ended March 31, 2020 and June 30, 2020. As a outcome of the Panel’s choice, Nasdaq will droop buying and selling within the Company’s securities efficient on the open of enterprise on Friday, November 20, 2020 and indicated that it intends to file a Form 25 Notification of Delisting with the Securities and Exchange Commission (the “SEC”), notifying the SEC of Nasdaq’s dedication to take away the Company’s securities shares from itemizing on Nasdaq underneath Section 12(b) of the Securities Exchange Act of 1934, as amended.
The formal delisting of the Company’s widespread shares from Nasdaq will turn out to be efficient ten days after the Form 25 is filed. In reference to the suspension of buying and selling on The Nasdaq Capital Market, the Company expects that its widespread inventory and Series D most popular inventory will likely be eligible to commerce on the OTC Markets system efficient with the open of the markets on Friday, November 20, 2020. The Company expects that each its widespread inventory and Series D most popular inventory will commerce underneath its present buying and selling symbols YGYI and YGYIP on the OTC Markets.
Steve Wallach, CEO of Youngevity International, Inc acknowledged, “We are in the process of preparing a shareholder communication letter which will provide an update on recent progress that has been made at the Company including business highlights, and our plan to become current in our financial reporting and relist on Nasdaq or another national securities exchange.”
About Youngevity International, Inc.
Youngevity International, Inc. ( NASDAQ : YGYI ), is a multi-channel life-style firm working in three distinct enterprise segments together with a business espresso enterprise, a business hemp enterprise, and a multi-vertical omni direct promoting enterprise. The Company encompasses a multi nation promoting community and has assembled a digital Main Street of services underneath one company entity, YGYI affords merchandise from the six prime promoting retail classes: well being/diet, dwelling/household, meals/beverage (together with espresso), spa/magnificence, attire/jewellery, in addition to revolutionary providers. For investor info, please go to YGYI.com. Be certain to love us on Facebook and observe us on Twitter.
Safe Harbor Statement
This launch comprises forward-looking statements throughout the which means of the Private Securities Litigation Reform Act of 1995. In some circumstances, forward-looking statements will be recognized by terminology corresponding to “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and comparable expressions. These forward-looking statements are primarily based on administration’s expectations and assumptions as of the date of this press launch and are topic to a quantity of dangers and uncertainties, many of that are tough to foretell that would 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 concerning offering an replace on current progress that has been made on the Company 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 trade.. Important components that would trigger precise outcomes to vary materially from present expectations embrace, amongst others, our potential to turn out to be present in our monetary reporting and relist on Nasdaq or one other nationwide securities trade, our potential to proceed our espresso phase and hemp phase progress, our potential to proceed our worldwide progress, our potential to leverage our platform and international infrastructure to drive natural progress, our potential to enhance our profitability, increase our liquidity, and strengthen our stability sheet, the acceptance of the omni-direct strategy by our prospects, our potential to increase our distribution, our potential to proceed our monetary efficiency and the opposite components mentioned in our Annual Report on Form 10-Okay for the 12 months ended December 31, 2018 and our subsequent filings with the SEC, together with subsequent periodic experiences on Forms 10-Q and 8-Okay. The info on this launch is supplied 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 new info, future occasions, or in any other case, besides as required by legislation.
Youngevity International, Inc.
President and Chief Investment Officer
1 800 982 3189 X6500