Reebonz Holding Limited Demonstrates Compliance with All Applicable Requirements for Listing on Nasdaq; Listing to be Phased-...
May 02 2019 - 9:31AM
Reebonz Holding Limited (the “Company” or “Reebonz”) (Nasdaq: RBZ),
a leading online luxury marketplace and platform in Southeast Asia
and Asia Pacific, today announced that The Nasdaq Stock Market LLC
(“Nasdaq”) has determined that the Company has evidenced full
compliance with all applicable requirements for initial listing on
The Nasdaq Global Market. As a result, the Company’s ordinary
shares, which are currently listed on The Nasdaq Capital Market,
will be transferred to The Nasdaq Global Market effective with the
open of the market on Friday, May 3, 2019. Accordingly, Nasdaq has
advised the Company that the hearing file and listing review have
been closed.
About Reebonz Headquartered in Singapore and
founded in 2009, Reebonz (pronounced “ribbons”) is the trusted
online marketplace and platform for buying and selling new and
pre-owned luxury products in the Asia Pacific region. Leveraging
data and technology, Reebonz makes luxury accessible by operating
as an eco-system of B2C e-tail and B2C marketplace for over 1,000
brands and 172 boutiques, supported by C2C marketplaces that enable
individuals to sell through its platform. With an easy
shopping experience, members can enjoy convenient access to the
selection of products that Reebonz sources as well as from a
curated collection of multi-brand luxury boutiques from all around
the world. Forward-Looking and Cautionary
Statements Certain statements made in this release are
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. When used in this press release, the
words “estimates,” “projected,” “expects,” “anticipates,”
“forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,”
“will,” “should,” “future,” “propose” and variations of these words
or similar expressions (or the negative versions of such words or
expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside Reebonz’s control, that could
cause actual results or outcomes to differ materially from those
discussed in the forward-looking statements. Important factors,
among others, that may affect actual results or outcomes include:
the ability to maintain NASDAQ’s continued listing standards;
Reebonz’s ability to manage growth; the reaction of Reebonz
customers and suppliers to its business combination; rising costs
adversely affecting Reebonz’s profitability; potential litigation
involving Reebonz’s intellectual property; and general economic and
market conditions impacting demand for Reebonz’s products. See the
risk factors disclosed in Reebonz’s most recently filed prospectus,
filed with the SEC on April 17, 2019 for additional risks. Reebonz
does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
For investor and media inquiries, please
contact: Reebonz Holding Limited | ir@reebonz.com
Christensen | Tip Fleming | tfleming@ChristensenIR.com |
Contact: +1 917 412 3333 For more information on Reebonz,
please visit www.reebonz.com
Stay connected with us: Facebook: @Reebonz |
Instagram: @ReebonzOfficial
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