Cerence to be Added to the S&P MidCap 400 Effective July 7, 2021

Rhea-AI Summary

Cerence (NASDAQ: CRNC) announced its inclusion in the S&P MidCap 400, effective July 7, 2021. CEO Sanjay Dhawan expressed enthusiasm for this recognition, highlighting the company's commitment to shareholder value since its public debut in October 2019. This milestone underscores Cerence's growth trajectory and market success, signifying a strong position in the mobility industry.

Positive

• Inclusion in the S&P MidCap 400 reflects the company's growth and market standing.
• The move is expected to enhance visibility and attract more investors.

Negative

• None.

BURLINGTON, Mass., July 02, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced the company will be added to the S&P MidCap 400, effective prior to the opening of trading on Wednesday, July 7, 2021.

“We are thrilled to be added to this prestigious stock index,” said Sanjay Dhawan, CEO, Cerence. “Since becoming a public company in October 2019, we’ve been intensely focused on creating shareholder value and driving growth for Cerence. This recognition underscores our success and what we’ve brought to the market. We look forward to continuing this trajectory and delivering tremendous results for all stakeholders.”

To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter.

About Cerence Inc.
Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the mobility world. As an innovation partner to the world’s leading automakers and mobility OEMs, it is helping advance the future of connected mobility through intuitive, powerful interaction between humans and their cars, two-wheelers, and even elevators, connecting consumers’ digital lives to their daily journeys no matter where they are. Cerence’s track record is built on more than 20 years of knowledge and more than 350 million cars shipped with Cerence technology. Whether it’s connected cars, autonomous driving, e-vehicles, or buildings, Cerence is mapping the road ahead. For more information, visit www.cerence.com.

Contact Information

Investors
Rich Yerganian
Cerence Inc.
Tel: 617-987-4799
Email: richard.yerganian@cerence.com

Media
Kate Hickman
Cerence Inc.
Tel: 339-215-4583
Email: kate.hickman@cerence.com

FAQ

What does Cerence's inclusion in the S&P MidCap 400 mean for investors?

It indicates Cerence's growth and could attract more institutional investors, potentially impacting the stock price positively.

When will Cerence be added to the S&P MidCap 400?

Cerence will be included in the S&P MidCap 400 effective July 7, 2021.

What is the significance of the S&P MidCap 400 for Cerence?

Being added to the S&P MidCap 400 enhances Cerence's credibility and visibility in the market.

Who is the CEO of Cerence?

The CEO of Cerence is Sanjay Dhawan.

What is the stock symbol for Cerence?

The stock symbol for Cerence is CRNC.