SAN FRANCISCO, Sept. 3, 2020 /PRNewswire/ -- Castlight Health,
Inc. (NYSE: CSLT) today announced that on September 1st, 2020, Castlight was
notified by the New York Stock Exchange ("NYSE") that it has
regained compliance with the NYSE's continued listing
standards.
On March 30, 2020, Castlight
received notification from the NYSE that the Company was no longer
in compliance with the continued listing criteria that requires
listed companies to maintain an average closing share price of at
least $1.00 over a consecutive 30
trading-day period.
Castlight regained compliance after its average closing price
for the 30 trading days ended August
31st, 2020 and its closing price on August 31st, 2020 both exceeded
$1.00 per share.
Maeve O'Meara, chief executive
officer of Castlight, stated, "We are pleased to have regained
compliance with the NYSE's continued listing standards. Castlight
hasn't wavered from its mission of making it as easy as possible to
navigate healthcare, which is especially essential during the
COVID-19 pandemic. During the past six months, we continued to
innovate and deliver timely solutions such as the first national
COVID-19 testing site directory, which powers Google Search and
Google Maps as well as multiple state and local health departments.
In addition, Castlight launched Working Well, a comprehensive
solution supporting employers, colleges, universities, and school
systems in bringing people back-to-work safely amidst the rapidly
shifting landscape of the pandemic and is supporting multiple
organizations live on Working Well today."
About Castlight Health
Castlight is on a mission to
make it as easy as humanly possible for its users to navigate the
healthcare system and live happier, healthier, more productive
lives. Our health navigation platform connects hundreds of health
vendors, benefits resources, and plan designs into one
comprehensive health and wellbeing experience. We guide
individuals—based on their unique profile—to the best resources
available to them, whether they are healthy, chronically ill, or
actively seeking medical care. Castlight transforms the employee
benefit experience into a deeply personalized, yet simple, guided
one, empowering better-informed patient decisions to unlock better
healthcare outcomes and maximizing return on healthcare
investments.
For more information visit www.castlighthealth.com. Follow us on
Twitter and LinkedIn and Like us on Facebook.
Safe Harbor for Forward-Looking Statements
This press
release contains forward-looking statements about Castlight
Health's plans and expectations, including, but not limited to,
statements regarding the Company's strategy and business operations
and the Company's continued listing on the NYSE. Statements
including words such as "anticipate," "believe," "estimate,"
"will," "continue," "expect," or "future," and statements in the
future tense are forward-looking statements. These forward-looking
statements involve risks and uncertainties, as well as assumptions,
which, if they do not fully materialize or prove incorrect, could
cause our results to differ materially from those expressed or
implied by such forward-looking statements. The risks and
uncertainties include those described in Castlight Health's Annual
Report on Form 10-K for the year ended December 31, 2019 and Quarterly Report on Form
10-Q for the three months ended June 30,
2020, and other documents filed with or furnished to the
Securities and Exchange Commission. All forward-looking statements
in this press release are based on information available to
Castlight Health as of the date hereof. Castlight Health assumes no
obligation to update these forward-looking statements.
Castlight Investor Relations: IR@castlighthealth.com,
443-213-0500
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SOURCE Castlight Health, Inc.