MRI Interventions, Inc. Announces Move to Nasdaq Capital Market
November 26 2019 - 7:00AM
MRI Interventions, Inc. (NYSE American: MRIC) (the “Company”) today
announced that it will voluntarily move its stock exchange listing
from the NYSE American LLC to the Nasdaq Capital Market. The
Company expects its common stock will begin trading on the Nasdaq
Capital Market on December 9, 2019, and its shares will continue to
trade under its current symbol, “MRIC.”
Joseph Burnett, the Company’s President and CEO
commented, “We are excited to have Nasdaq as our new exchange
partner, and we look forward to begin trading on the Nasdaq Capital
Market in the weeks ahead. As a neuro platform company that bridges
medical devices with biologics and gene therapy, we feel that
Nasdaq is a natural fit and already includes many of our existing
and prospective partners in this space. We believe that this
enhanced visibility among biotechnology companies will benefit our
customer outreach and in return our stockholders.”
The Company has notified the NYSE American that
it will voluntarily delist its common stock from the NYSE American.
The last day of trading of the Company’s common stock on the NYSE
American is expected to be on December 6, 2019. Until the Company’s
common stock begins trading on Nasdaq, the Company’s common stock
will continue to trade on the NYSE American under its current
symbol, “MRIC.”
About MRI Interventions,
Inc.Building on the imaging power of magnetic resonance
imaging (“MRI”), MRI Interventions is creating innovative platforms
for performing the next generation of minimally invasive surgical
procedures in the brain. The ClearPoint® Neuro Navigation System,
which has received 510(k) clearance and is CE marked, utilizes a
hospital’s existing diagnostic or intraoperative MRI suite to
enable a range of minimally invasive procedures in the brain. For
more information, please visit www.mriinterventions.com.
Note on Forward-Looking
StatementsStatements herein concerning the Company’s
plans, growth and strategies may include forward-looking statements
within the context of the federal securities laws. Statements
regarding the Company's future events, developments and future
performance, as well as management's expectations, beliefs, plans,
estimates or projections relating to the future, including without
limitation, the anticipated performance of the Company’s common
stock on Nasdaq and the expected benefits to the Company’s
shareholders as a result from listing on Nasdaq, are
forward-looking statements within the meaning of these laws.
Uncertainties and risks may cause the Company’s actual results to
differ materially from those expressed in or implied by
forward-looking statements. Particular uncertainties and risks
include those relating to: future revenues from sales of the
Company’s ClearPoint Neuro Navigation System products; the
Company’s ability to market, commercialize and achieve broader
market acceptance for the Company’s ClearPoint Neuro Navigation
System products; and estimates regarding the sufficiency of the
Company’s cash resources. More detailed information on these and
additional factors that could affect the Company’s actual results
are described in the “Risk Factors” section of the Company’s Annual
Report on Form 10-K for the year ended December 31, 2018, and the
Company’s Quarterly Reports on Form 10-Q for the periods ended
March 31, 2019, June 30, 2019 and September 30, 2019, all of which
have been filed with the Securities and Exchange Commission.
For More InformationMRI Interventions,
Inc.Matt KrepsDarrow Associates Investor Relations(214)
597-8200mkreps@darrowir.com
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