Harte Hanks Submits Listing Application to Uplist to Nasdaq Global Market®

Rhea-AI Summary

Harte Hanks (OTCQX: HRTH) announced its filing of a comprehensive application to list on the Nasdaq Global Market. The company qualifies based on discussions with Nasdaq officials, with the review process expected to take one to two months. CEO Brian Linscott emphasized that uplisting would enhance visibility and liquidity, supporting future growth and shareholder value. Chairman Jack Griffin highlighted improvements in financial performance and liquidity, viewing the Nasdaq listing as a positive step for the company and its shareholders.

Positive

• Filing for Nasdaq listing indicates company qualification and evolution in turnaround strategy.
• Uplisting is expected to improve marketplace visibility and liquidity.
• Improvements in financial performance and governance noted by company leadership.

Negative

• None.

AUSTIN, Texas, Oct. 4, 2021 /PRNewswire/ -- Harte Hanks, Inc. (OTCQX: HRTH), an industry leader in data-driven, omnichannel marketing, today announced that it filed a comprehensive listing application package with the Nasdaq Global Market^®.

Based on the listing qualifications and discussions with listing officials, Harte Hanks qualifies for listing. The application process and review by Nasdaq and FINRA generally takes one to two months.

"Uplisting to the Nasdaq Global Market will be a significant milestone, illustrating the progress we have made in our turn-around strategy," said Brian Linscott, Chief Executive Officer. "Returning to a national listing platform expands the potential audience of investors and should drive improved marketplace visibility and enhanced liquidity. Combined with continued improvement in our operations, this should position the Company for future growth and the creation of greater shareholder value."

Jack Griffin, Chairman of the Board of Directors, said, "We have made significant progress in strengthening our financial performance, governance, and liquidity. A listing on the Nasdaq Global Market is a natural and encouraging progression for the Company and our shareholders."

About Harte Hanks:
Harte Hanks (OTCMKTS: HRTH) is a global omnichannel customer experience company. We work with clients to define, execute, and optimize their customer journey through our Marketing Services, Customer Care, and Fulfillment and Logistics offerings. From visionary thinking to tactical execution, Harte Hanks partners with some of the world's most respected brands to create unforgettable customer experiences, including Bank of America, Cisco, IBM, Pfizer, Sony and Ford, among others. Headquartered in Austin, Texas, Harte Hanks has more than 2,000 employees in offices across the Americas, Europe and Asia Pacific.

As used herein, "Harte Hanks" or "the Company" refers to Harte Hanks, Inc. and/or its applicable operating subsidiaries, as the context may require. Harte Hanks' logo and name are trademarks of Harte Hanks.

Investor Relations Contact:
Rob Fink
FNK IR
HRTH@fnkir.com 
646-809-4048

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SOURCE Harte Hanks, Inc.

FAQ

What is Harte Hanks' recent announcement regarding Nasdaq?

Harte Hanks filed an application to uplist to the Nasdaq Global Market, indicating qualification for the listing.

What benefits does Harte Hanks expect from Nasdaq uplisting?

The company anticipates enhanced visibility and liquidity, which may drive future growth and increase shareholder value.

When will Harte Hanks know the outcome of its Nasdaq listing application?

The review process typically takes one to two months after the application is filed.

What improvements have been made by Harte Hanks recently?

Harte Hanks has made significant progress in financial performance, governance, and liquidity.