YayYo, Inc. Announces Intention to Voluntarily Delist Its Common Stock From the NASDAQ Capital Market Effective February 20, ...
February 10 2020 - 5:26PM
YayYo, Inc. (NASDAQ: YAYO) (the “Company” or “YayYo”) today
announced its intention to voluntarily delist its common stock from
the NASDAQ Stock Market (“NASDAQ”) effective on February 20, 2020.
The Company expects that its common stock will be approved for
quotation on the OTCQB from and after that date. The Company has
elected to effect the voluntary delisting of its common stock after
discussions with NASDAQ’s staff and based on the determination of
the Company’s board of directors that voluntarily delisting the
common stock from the NASDAQ is in the best interests of the
Company and its stockholders. NASDAQ has advised the Company that
it believes that the Company has failed the conditions for
continued listing of its common stock set forth in Listing Rule
5250(a). The voluntary delisting will permit the Company to operate
its business free from restrictions imposed by NASDAQ rules and the
conditions applicable to the listing of the Company’s common stock
on the NASDAQ.
The Company has notified NASDAQ of its intent to voluntarily
delist its common stock from the NASDAQ. The Company currently
anticipates that it will file with the Securities and Exchange
Commission a Form 25 relating to the delisting of its common stock
on or about February 20, 2020 and expects the delisting of its
common stock to be effective ten days thereafter. The purpose of
the Form 25 filing is to effect the voluntary delisting from the
NASDAQ of the Company’s outstanding common stock. The Company
does not expect the delisting to have any adverse effects on its
business operations.
About YayYo, Inc. YayYo bridges the gap between
rideshare drivers needing a suitable vehicle and rideshare
companies that depend on attracting and keeping drivers. YayYo
uniquely supports drivers in both the higher and lower economic
categories with innovative policies and programs. YayYo seeks to
become the preeminent provider of rental vehicles to drivers in the
ever-expanding ridesharing economy. For more information about
YayYo, please visit our website at
www.yayyo.com.
Company Contact: Boyd Bishop President
investors@yayyo.com
Investor Relations Contact: Sean Mansouri, CFA
or Cody Cree Gateway Investor Relations 949-574-3860
YAYO@gatewayir.com
YayYo (CE) (USOTC:YAYO)
Historical Stock Chart
From Sep 2024 to Oct 2024
YayYo (CE) (USOTC:YAYO)
Historical Stock Chart
From Oct 2023 to Oct 2024