Home Bistro Files Application for Up-Listing its Shares to the NASDAQ Capital Market

Rhea-AI Summary

Home Bistro (OTC PINK:HBIS) has filed an application to list its common stock on the Nasdaq Capital Market. CEO Zalmi Duchman believes this move will enhance visibility, improve trading liquidity, and attract a broader investor base, ultimately adding value for shareholders. The company has collaborated with investment bankers on a potential equity offering, aimed at securing capital for significant business expansion. Until the Nasdaq review concludes, Home Bistro's shares will continue to trade on the OTC under the symbol HBIS.

Positive

• Application filed for listing on Nasdaq, which could increase visibility and liquidity.
• Potential equity offering planned to raise capital for business expansion.

Negative

• None.

MIAMI BEACH, FL / ACCESSWIRE / September 8, 2022 / Home Bistro, Inc. (OTC PINK:HBIS), ("Home Bistro" or the "Company") a celebrity chef and lifestyle-inspired, ready-made meal delivery platform, today announced it has filed an application for listing its shares of common stock on the Nasdaq Capital Market.

Home Bistro CEO Zalmi Duchman stated, "We believe up-listing from the OTC to the Nasdaq Capital Market will increase Home Bistro's visibility, improve the trading liquidity of our shares, and broaden awareness for the Company within the financial markets. A Nasdaq listing should also attract a larger pool of investors and help create greater shareholder value."

He added, "Over the past year, we've worked closely with our investment bankers in strategizing and structuring a potential equity offering in conjunction with our proposed up-listing, which if completed, should provide us with the necessary capital to expand our business considerably, both organically and through potential acquisitions."

The Company's common stock will continue to trade on the OTC under its current ticker symbol, HBIS, during the Nasdaq review process, and until such time the Company receives approval for trading on Nasdaq."

About Home Bistro, Inc.

Home Bistro is a leading direct-to-consumer online platform, www.homebistro.com, that creates and distributes ready-made, celebrity chef-inspired gourmet meals, which currently includes culinary offerings by "Iron Chef" Cat Cora, TV Host and Best-Selling Cookbook Author Ayesha Curry, "Hungry Fan" Chef Daina Falk, "Master Chef" Claudia Sandoval, "Top-Chef All-Star" Richard Blais, "Vegan + Sustainable" Chef Priyanka Naik, Celebrity Pastry and Dessert Chef Melanie Moss, and soon to launch celebrity chef Roblé Ali.

Home Bistro's Model Meals lifestyle brand www.modelmeals.com is a Whole30 and Paleo approved, ready-to-eat, meal prep service, offering a weekly rotating menu that is prepared by professional chefs, using only the highest quality ingredients available, sourced responsibly and locally, and delivered in sustainable, eco-friendly packaging.

Forward-Looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward-looking statements and information concerning the Company's growth objectives and industry outlook (as described herein). Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. These forward-looking statements include, among others, statements about the Company's future financial performance, the impact of management changes, any organizational restructuring and the sufficiency of capital resources to fund its ongoing operating requirements; statements about the Company's expectations regarding the capitalization, resources and ownership structure; and any other statements other than statements of historical fact. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that the Company makes due to a number of important factors, including (i) risks related to the combined entity's access to existing capital and fundraising prospects to fund its ongoing operations, and (ii) other business effects, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies, including the impact of COVID-19 on the broader market. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled "Risk Factors", copies of which may be obtained from the SEC's website at www.sec.gov. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Contact:

Zalmi Duchman, CEO
zalmi@homebistro.com
Ph: 631.694.1111

SOURCE: Home Bistro, Inc.

View source version on accesswire.com:
https://www.accesswire.com/715224/Home-Bistro-Files-Application-for-Up-Listing-its-Shares-to-the-NASDAQ-Capital-Market

FAQ

What is Home Bistro's recent news regarding Nasdaq?

Home Bistro has filed an application to up-list its shares from OTC to the Nasdaq Capital Market.

How will the Nasdaq listing benefit Home Bistro?

The listing is expected to enhance visibility, improve trading liquidity, and attract a larger pool of investors.

What is the ticker symbol for Home Bistro?

The ticker symbol for Home Bistro is HBIS.

Who is the CEO of Home Bistro?

The CEO of Home Bistro is Zalmi Duchman.

What plans does Home Bistro have for capital raising?

Home Bistro is strategizing a potential equity offering in conjunction with its proposed up-listing.