GWG Holdings Announces Successful Resolution of Nasdaq Delisting Notification
GWG Holdings, Inc. (Nasdaq: GWGH) has successfully appealed a Nasdaq delisting notice, allowing it to remain listed. The company must file current financial statements by October 31, 2021, and hold its annual meeting by December 31, 2021. CEO Murray Holland expressed gratitude to Nasdaq and confidence in meeting deadlines, enabling the company to focus on its business strategy and growth opportunities. GWGH manages a portfolio valued at $1.9 billion in life insurance and loans.
- Successful appeal of Nasdaq delisting notice.
- GWGH continues to be traded on Nasdaq.
- CEO expresses confidence in meeting financial statement deadlines.
- Must file current financial statements by October 31, 2021, indicating previous non-compliance.
DALLAS, Sept. 07, 2021 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH) today announced that it has successfully appealed a notice of delisting by the Listing Qualifications Department of the Nasdaq Stock Market. As a result, GWGH will continue to be traded on Nasdaq with the qualification that the company file current financial statements through June 30, 2021 by October 31, 2021, and hold its 2020/2021 annual meeting by December 31, 2021.
“We are grateful to Nasdaq for its careful consideration of our appeal and are confident we will be able to meet the deadlines it set for us. This will allow us to continue our focus on our business strategy and what we believe are exciting opportunities ahead,” said Murray Holland, GWGH’s Chief Executive Officer.
About GWG Holdings, Inc. (GWG)
GWG Holdings, Inc. (Nasdaq: GWGH) is an innovative financial services firm based in Dallas that is a leader in providing investors with secondary market solutions. Through its subsidiaries, The Beneficient Company Group, L.P. and GWG Life, LLC, GWGH owns and manages a diverse portfolio of alternative assets that, as of September 30, 2020, includes
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Contact:
For GWG Holdings
Dan Callahan
(612) 746-1935
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