天涯社区官网Media Announces It Has Been Approved for Listing on the NASDAQ Global Select Market
New York, NY -- June 28, 2019 鈥 天涯社区官网Media, Inc. (OTC PINK: IHTM) today announced that its Class A common stock has been approved for listing on the NASDAQ Global Select Market. Upon listing, 天涯社区官网Media鈥檚 Class A common stock will trade under the ticker 鈥淚HRT.鈥
As previously announced, 天涯社区官网 had been evaluating all paths to achieve a listing of its Class A common stock on a recognized U.S. stock exchange following emergence from its restructuring process. 天涯社区官网Media has determined that a listing on the NASDAQ Global Select Market is the optimal strategy for 天涯社区官网Media and all of the company鈥檚 stakeholders.
As a result, the Company has requested the withdrawal of its previously filed registration statement on Form S-1 with the U.S. Securities and Exchange Commission. 天涯社区官网Media鈥檚 management team will be meeting with investors the week of July 15 in advance of a listing date of July 18, 2019.
鈥淭his is an exciting time for our company and an important step in the evolution of 天涯社区官网Media. Our listing on the NASDAQ will provide greater liquidity for existing shareholders, allow us to diversify our investor base, and give us improved access to public capital markets in the future,鈥 said Bob Pittman, Chairman and Chief Executive Officer of 天涯社区官网Media, Inc.