Vocodia Receives Delisting Notice from CBOE and Plans OTCQB Listing in the Near-Term
September 10 2024 - 5:02PM
Vocodia Holdings Corp. (the “Company”), a pioneering AI software
company specializing in practical AI solutions, today announced
that it has received a delisting notification from Cboe BZX
Exchange, Inc., indicating that the Company’s Common Stock (VHAI),
Series A Warrants (VHAI+A) and Series B Warrants (VHAI+B) be
suspended and delisted in accordance with the procedures set forth
in Exchange Rule 14.12(h)(4)(B) and Rule 14.12(f), and trading of
such securities will be suspended after the close of trading
on Tuesday, September 10, 2024. The Company currently has no
plans to appeal the CBOE’s determination and will pursue a listing
on the OTCQB, which is more in-line with the Company’s strategic
goals.
"While the delisting decision is not the outcome we had worked
for, it does not deter us from our long-term strategy. In fact, the
decision presents us with the opportunity to redirect our focus on
what is important: strengthening our commitment to sustainable
growth and delivering exceptional value to our shareholders and
clients alike,” Brian Podolak, Co-Founder and CEO of Vocodia,
commented.
Brian continued, “We are very optimistic and excited to be able
to direct our full focus on delivering state-of-the-art solutions
to our clients, building strategic alliances and growing our
business. There remains significant untapped opportunities for our
enhanced DISA technology platform and the future looks bright.”
The Company expects its common stock to commence trading on the
OTC Markets Group platform at the open of trading on September 11,
2024, under the symbol "VHAI." The Company is currently applying to
trade its common stock on the OTCQB Market and expects to commence
trading of its common stock on the OTCQB soon.
Notwithstanding the delisting from the CBOE, the Company will
continue to be registered with the Securities and Exchange
Commission and will continue to satisfy its reporting obligations
under the Securities Exchange Act of 1934, including the
presentation of annual and quarterly reports under Forms 10K and
10Q respectively.
About Vocodia Holdings Corp.Vocodia is an AI
software company that develops practical AI solutions, making them
easily accessible for businesses through cloud-based platforms.
These solutions are cost-effective and scalable to enterprise
levels. Vocodia specializes in conversational AI, providing
scalable enterprise-level AI sales and customer service solutions.
Their Digital Intelligent Sales Agents (DISAs) are designed to
sound and feel human, performing tasks that require human-like
conversation, thereby reducing labor costs and enhancing
communication effectiveness. For more information, please visit:
http://www.vocodia.com.
Forward-Looking Statements
This release
contains "forward-looking statements" within the meaning of the
safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. Forward-looking statements can be identified by
words such as: "anticipate," "intend," "plan," "believe,"
"project," "estimate," "expect," strategy," "future," "likely,"
"may,", "should," "will" and similar references to future periods.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the risks and uncertainties more fully in
the section captioned "Risk Factors" in the Company's Registration
Statement on Form S-1 related to the public offering (SEC File No.
File No. 333-269489) and other reports we file with the SEC. As a
result of these matters, changes in facts, assumptions not being
realized or other circumstances, our actual results may differ
materially from the expected results discussed in the
forward-looking statements contained in this press release.
Forward-looking statements contained in this announcement are made
as of this date and undertake no duty to update such information
except as required under applicable law.
Investor Relations Contact:Jeff RamsonPCG
Advisory646-863-6893jramson@pcgadvisory.com
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