Assure Announces Voluntary Delisting from TSX Venture Exchange
January 21 2022 - 7:30AM
Assure Holdings Corp. (the “
Company” or
“
Assure”) (NASDAQ: IONM; TSXV: IOM), a provider of
intraoperative neuromonitoring services (“
IONM”),
announces that it has applied to voluntarily delist its common
shares (the “
Common Shares”) from the TSX Venture
Exchange (the “
TSXV”). Accordingly, it is
anticipated that, effective as at the close of markets on February
7, 2022, the Common Shares will no longer be traded on the TSXV and
will continue to trade on the Nasdaq Capital Market
(“
Nasdaq”) under the symbol “IONM”. Upon
completion of the delisting, Canadian shareholders will be able to
continue to trade their Common Shares on the Nasdaq.
John A. Farlinger, executive chairman and CEO
said, “Assure’s listing on the Nasdaq exchange, which we achieved
in September 2021, was a longstanding Company objective. Nasdaq
represents the substantial majority of Assure’s trading volume, and
our stock ownership is overwhelmingly U.S.-based. Therefore, the
Company believes that the relatively low trading volume of the
Common Shares on the TSXV no longer justifies the expenses and
administrative efforts associated with maintaining a dual listing.
The Company looks forward to providing its shareholders with
continued liquidity and growth as it continues to work toward its
business objectives in 2022 and beyond.”
Most brokers in Canada, including discount and
online brokers, have the ability to buy and sell securities listed
on Nasdaq. Therefore, the Company’s Nasdaq listing will continue to
provide shareholders with the same accessibility to trade the
Common Shares. Shareholders holding Common Shares in Canadian
brokerage accounts should contact their brokers to confirm how to
trade the Company’s shares on the Nasdaq.
About Assure HoldingsAssure Holdings Corp. is a
Colorado-based company that works with neurosurgeons and orthopedic
spine surgeons to provide a turnkey suite of services that support
intraoperative neuromonitoring activities during invasive
surgeries. Assure employs its own staff of technologists and uses
its own state-of-the-art monitoring equipment, handles 100% of
intraoperative neuromonitoring scheduling and setup, and bills for
all technical services provided. Assure Neuromonitoring is
recognized as providing the highest level of patient care in the
industry and has earned the Joint Commission’s Gold Seal of
Approval®. For more information, visit the company’s website
at www.assureneuromonitoring.com.
Forward-Looking Statements This news release
may contain “forward-looking statements” within the meaning of
applicable securities laws, including, but not limited to comments
with respect to trading volumes and liquidity on the Nasdaq and the
timing of the delisting of the Common Shares from the TSXV.
Forward-looking statements may generally be identified by the use
of the words "anticipates," "expects," "intends," "plans,"
"should," "could," "would," "may," "will," "believes," "estimates,"
"potential," "target," or "continue" and variations or similar
expressions. These statements are based upon the current
expectations and beliefs of management and are subject to certain
risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
These risks and uncertainties include, but are not limited to: the
uncertainty surrounding the spread of COVID-19 and the impact it
will have on the Company’s operations and business and economic
activity in general; and risks and uncertainties discussed in our
most recent annual and quarterly reports filed with the United
States Securities and Exchange Commission, including our annual
report on Form 10-K filed on March 30, 2021, and with the Canadian
securities regulators and available on the Company’s profiles on
EDGAR at www.sec.gov and SEDAR at www.sedar.com,
which risks and uncertainties are incorporated herein by reference.
Except as required by law, Assure does not intend, and undertakes
no obligation, to update any forward-looking statements to reflect,
in particular, new information or future events.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
ContactScott Kozak, Investor and Media
RelationsAssure Holdings
Corp.1-720-287-3093Scott.Kozak@assureiom.com
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