Spectrum Group International, Inc. Announces Approval of NASDAQ Listing Application for Its Subsidiary A-Mark Precious Metals...
March 11 2014 - 7:15PM
Business Wire
Spectrum Group International, Inc. (OTCQB:SPGZ) (“SGI” or the
“Company”) announced today that the NASDAQ Listing Qualifications
Department has approved the application of SGI’s subsidiary, A-Mark
Precious Metals, Inc. (“A-Mark”), to list A-Mark’s common stock on
the NASDAQ Global Select Market under the symbol “AMRK.” It is
expected that A-Mark’s shares of common stock will commence trading
on the NASDAQ Global Select Market on the first trading day
following the previously announced spinoff of A-Mark from the
Company. All the conditions to the spinoff have been satisfied and
the Company intends to announce both the effective date of the
spinoff and the initial trading date shortly.
The NASDAQ Global Select Market is NASDAQ’s top-tier trading
platform, designed for public companies that meet the highest
quantitative and qualitative listing standards.
About Spectrum Group International,
Inc.
Spectrum Group International, Inc. (together with its
subsidiaries, “we,” the “Company” or “SGI”) is a global trading and
collectibles network. We are a trader of precious metals and an
auctioneer of coins and wine, serving both collectors and dealers.
We are also a merchant/dealer of certain collectibles. Our
collectibles offerings span the price spectrum from modest to
ultra-high end. Furthermore, we offer loans to coin dealers,
collectors and investors backed by their precious metals, rare
coins, and other collectibles as collateral.
Our Trading business is conducted through A-Mark Precious
Metals, Inc. (“A-Mark”) and its subsidiaries. A-Mark is a
full-service precious metal trading company, and an official
distributor for many government mints throughout the world. A-Mark
products include gold, silver, platinum and palladium for
storage and delivery in the form of coins, bars, wafers and grain,
and our services include financing, leasing, consignment, hedging
and various customized financial programs. A-Mark’s subsidiary,
Collateral Finance Corporation, provides financing on a wide array
of bullion and numismatic currency products.
Our Collectibles business operates as an integrated network of
leading companies concentrating on numismatic (coins) and rare and
fine vintage wine. We have offices and auction houses in North
America, Europe and Asia. In addition to traditional live auctions,
we also conduct Internet and telephone auctions. Spectrum Group’s
Collectibles companies in the numismatics field include Stack’s
Bowers Numismatics LLC (dba Stack’s Bowers Galleries), a rare
coin and currency auction house, based in Irvine, California.
Safe Harbor Statement
This press release contains forward-looking statements with
respect to the distribution date for the spinoff of A-Mark, within
the meaning of the Private Securities Litigation Reform Act of 1995
and the Securities Exchange Act of 1934. The actual distribution
date may differ from the anticipated timing for the spinoff, or may
not occur, because of the failure to satisfy the conditions to the
spinoff or for other reasons set forth in the Registration
Statement on Form S-1, and the included prospectus, filed by A-Mark
with the Securities and Exchange Commission with respect to the
spinoff. These documents are available on the SEC’s website located
at www.sec.gov.
Spectrum Group International, Inc.Greg Roberts,
949-748-4800groberts@spectrumgi.com
Spectrum (CE) (USOTC:SPGZ)
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