Holley Added to Membership of the Russell 2000® Index

Rhea-AI Summary

Holley Inc. (NYSE: HLLY) has been added to the US small-cap Russell 2000 Index, effective June 27, as part of the annual Russell index reconstitution. This membership, a recognition of Holley's market cap, enhances its visibility within the investment community. CFO Dominic Bardos highlighted that joining the Russell indexes marks a significant milestone for the company, which went public less than a year ago. Holley provides high-performance automotive products and has a diverse portfolio aimed at automotive enthusiasts.

Positive

• Inclusion in the Russell 2000 Index enhances visibility and credibility within the investment community.
• Achieved membership less than a year post-public listing, indicating strong market presence.

Negative

• None.

BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), the largest and fastest growing platform serving performance automotive enthusiasts, was added as a member of the US small-cap Russell 2000® Index, effective after the US market opens on June 27, as part of the 2022 Russell indexes reconstitution. Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The stock also was automatically added to the appropriate growth and value indexes.

“Following Holley’s public listing last July, we are pleased to join the Russell Universe of Indexes less than a year after our public debut,” commented Dominic Bardos, Chief Financial Officer of Holley. “The inclusion in these indexes is an excellent milestone for Holley, and we welcome the increased awareness and visibility of our company within the investment community.”

About Holley Inc.

Holley Inc. (NYSE: HLLY) is a leading designer, marketer, and manufacturer of high-performance products for car and truck enthusiasts. Holley offers the largest portfolio of iconic brands that deliver innovation and inspiration to a large and diverse community of millions of avid automotive enthusiasts who are passionate about the performance and personalization of their classic and modern cars. Holley has disrupted the performance category by putting the enthusiast consumer first, developing innovative new products, and building a robust M&A process that has added meaningful scale and diversity to its platform. For more information on Holley, visit https://www.holley.com.

About FTSE Russell:

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220627005185/en/

Investor Relations:

Ross Collins / Stephen Poe

Alpha IR Group

312-445-2870

HLLY@alpha-ir.com

Source: Holley Inc.

FAQ

When was Holley Inc. added to the Russell 2000 Index?

Holley Inc. was added to the Russell 2000 Index effective June 27.

What benefits does Holley Inc. gain from joining the Russell 2000 Index?

Membership in the Russell 2000 Index increases visibility and credibility among investors.

What is the stock symbol for Holley Inc.?

Holley Inc. trades under the stock symbol HLLY.

How does Holley Inc.'s inclusion in the Russell 2000 impact its stock performance?

The inclusion may attract more investors and enhance the company's stock performance due to increased visibility.

What type of products does Holley Inc. offer?

Holley Inc. designs, markets, and manufactures high-performance products for car and truck enthusiasts.