ISABELLA BANK CORPORATION CONTINUES WITH NASDAQ UPLISTING APPLICATION
Isabella Bank (OTCQX: ISBA) is proceeding with its application to uplist its common shares from OTCQX to the Nasdaq Capital Market, despite recent financial market volatility. The company, which initially announced this move in its annual proxy statement, views the potential Nasdaq listing as a strategic step to enhance its market position.
CEO Jerome Schwind emphasized that the Nasdaq uplisting could provide multiple benefits, including improved access to capital, increased trading volume, and better opportunities to use stock for acquisitions. The company's current market capitalization stands at $159 million. The listing, which could be completed as early as April 2025, remains subject to Nasdaq's review and approval of the initial listing application and meeting all regulatory requirements.
Isabella Bank (OTCQX: ISBA) sta procedendo con la sua richiesta per trasferire le azioni ordinarie da OTCQX al Nasdaq Capital Market, nonostante la recente volatilità dei mercati finanziari. L'azienda, che ha annunciato inizialmente questo passo nella sua dichiarazione di delega annuale, considera il potenziale quotazione al Nasdaq come un passo strategico per migliorare la propria posizione di mercato.
Il CEO Jerome Schwind ha sottolineato che il trasferimento al Nasdaq potrebbe offrire molteplici vantaggi, tra cui migliore accesso al capitale, aumento del volume di scambi e migliori opportunità di utilizzo delle azioni per acquisizioni. L'attuale capitalizzazione di mercato dell'azienda è di 159 milioni di dollari. La quotazione, che potrebbe essere completata già a aprile 2025, è soggetta alla revisione e approvazione da parte di Nasdaq della domanda di quotazione iniziale e al rispetto di tutti i requisiti normativi.
Isabella Bank (OTCQX: ISBA) está avanzando con su solicitud para listar sus acciones comunes de OTCQX al Nasdaq Capital Market, a pesar de la reciente volatilidad en los mercados financieros. La compañía, que anunció inicialmente este movimiento en su declaración de poder anual, ve la posible cotización en Nasdaq como un paso estratégico para mejorar su posición en el mercado.
El CEO Jerome Schwind enfatizó que el uplisting al Nasdaq podría proporcionar múltiples beneficios, incluyendo mejor acceso al capital, aumento del volumen de negociación y mejores oportunidades para utilizar acciones en adquisiciones. La capitalización de mercado actual de la compañía es de 159 millones de dólares. La cotización, que podría completarse tan pronto como en abril de 2025, sigue sujeta a la revisión y aprobación de Nasdaq de la solicitud de cotización inicial y al cumplimiento de todos los requisitos regulatorios.
이사벨라 은행 (OTCQX: ISBA)는 최근 금융 시장의 변동성에도 불구하고 OTCQX에서 나스닥 자본 시장으로 일반 주식을 상장하기 위한 신청을 진행하고 있습니다. 이 회사는 이 움직임을 연례 위임장 성명서에서 처음 발표했으며, 나스닥 상장은 시장 위치를 강화하기 위한 전략적 단계로 보고 있습니다.
CEO 제롬 슈윈드는 나스닥 상장이 자본 접근 개선, 거래량 증가, 그리고 인수에 대한 주식 사용 기회를 개선하는 등 여러 가지 이점을 제공할 수 있다고 강조했습니다. 회사의 현재 시장 자본금은 1억 5,900만 달러입니다. 이 상장은 2025년 4월까지 완료될 수 있으며, 나스닥의 초기 상장 신청 검토 및 승인과 모든 규제 요구 사항을 충족해야 합니다.
Isabella Bank (OTCQX: ISBA) poursuit sa demande pour transférer ses actions ordinaires de l'OTCQX au Nasdaq Capital Market, malgré la récente volatilité des marchés financiers. L'entreprise, qui a initialement annoncé ce mouvement dans sa déclaration de procuration annuelle, considère la potentielle cotation au Nasdaq comme une étape stratégique pour renforcer sa position sur le marché.
Le PDG Jerome Schwind a souligné que la cotation au Nasdaq pourrait offrir de multiples avantages, y compris un meilleur accès au capital, une augmentation du volume de négociation et de meilleures opportunités d'utiliser des actions pour des acquisitions. La capitalisation boursière actuelle de l'entreprise s'élève à 159 millions de dollars. La cotation, qui pourrait être finalisée dès avril 2025, reste soumise à l'examen et à l'approbation de Nasdaq de la demande de cotation initiale et à la satisfaction de toutes les exigences réglementaires.
Isabella Bank (OTCQX: ISBA) setzt ihre Bewerbung fort, um ihre Stammaktien von OTCQX an den Nasdaq Capital Market zu listen, trotz der jüngsten Volatilität auf den Finanzmärkten. Das Unternehmen, das diesen Schritt zunächst in seiner jährlichen Hauptversammlung angekündigt hat, betrachtet die potenzielle Nasdaq-Notierung als strategischen Schritt zur Verbesserung seiner Marktposition.
CEO Jerome Schwind betonte, dass die Nasdaq-Notierung mehrere Vorteile bieten könnte, einschließlich verbessertem Zugang zu Kapital, erhöhtem Handelsvolumen und besseren Möglichkeiten, Aktien für Übernahmen zu nutzen. Die aktuelle Marktkapitalisierung des Unternehmens beträgt 159 Millionen Dollar. Die Notierung, die möglicherweise bereits im April 2025 abgeschlossen werden könnte, unterliegt der Prüfung und Genehmigung durch Nasdaq der ursprünglichen Notierungsanfrage und der Erfüllung aller regulatorischen Anforderungen.
- Current market capitalization of $159 million demonstrates substantial company size
- Potential uplisting to Nasdaq could improve access to capital and trading liquidity
- Strategic positioning for using stock as acquisition currency indicates growth plans
- Uplisting approval not guaranteed and subject to regulatory requirements
- Recent financial market turmoil could affect uplisting process
Jerome Schwind, Chief Executive Officer of the Company, stated, "As previously announced in our Proxy Statement, we are excited about the prospect of listing on Nasdaq. Moving to Nasdaq complements the Company's demonstrated growth and could provide us with better access to capital, increased trading volume in our common stock and improved means to use our stock as acquisition consideration. The Nasdaq listing may raise our overall profile and better position the Company to drive shareholder value."
The listing of the Company's common stock on Nasdaq remains subject to the review and approval of the initial listing application and the satisfaction of all applicable listing and regulatory requirements. No assurance can be given that such application will be approved or that such listing will be completed. The Company intends to issue a press release once the listing application is approved and a target date for listing has been established, which could be as soon as the end of April 2025. As of the date of this news release, the Company's market capitalization was approximately
ABOUT THE CORPORATION
Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Isabella Bank, a state-chartered community bank headquartered in
For more information about Isabella Bank Corporation, visit the Investor Relations link at www.isabellabank.com. Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.'s electronic quotation system (www.otcmarkets.com) under the symbol "ISBA." The Corporation's investor relations firm is Stonegate Capital Partners, Inc. (www.stonegateinc.com).
FORWARD-LOOKING STATEMENTS
Information in this release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended and Rule 3b-6 promulgated thereunder. We intend such forward looking statements to be covered by the safe harbor provisions for forward looking statements contained in the Private Securities Litigation Reform Act of 1995, and are included in this statement for purposes of these safe harbor provisions. Forward-looking statements generally relate to losses, impact of events, financial condition, plans, objectives, outlook for earnings, revenues, expenses, capital and liquidity levels and ratios, asset levels, asset quality, financial position, and other matters regarding or affecting the Company and its future business and operations. Forward-looking statements are typically identified by words or phrases such as "will likely result", "expect", "could", "may", "plan", "believe", "estimate", "anticipate", "strategy", "trend", "forecast", "outlook", "project", "intend", "assume", "outcome", "continue", "remain", "potential", "opportunity", "comfortable", "current", "position", "maintain", "sustain", "seek", "achieve" and variations of such words and similar expressions, or future or conditional verbs such as will, would, should, could or may. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. Forward-looking statements are based on beliefs and assumptions using information available at the time the statements are made. The Company cautions you not to unduly rely on forward-looking statements because the assumptions, beliefs, expectations, and projections about future events may, and often do, differ materially from actual results. Any forward-looking statement speaks only as to the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made.
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SOURCE Isabella Bank Corporation
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