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IZEA Announces Engagement of Kingsdale Advisors in connection with Annual Meeting of Shareholders

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IZEA Worldwide, Inc. (NASDAQ: IZEA) announced the engagement of Kingsdale Advisors to solicit votes for its adjourned Annual Meeting, initially postponed on December 15, 2021. The meeting will reconvene on January 14, 2022, at 11:00 AM ET. Shareholders who have already voted do not need to vote again, and the record date remains October 19, 2021. The company emphasizes the importance of reaching a quorum, as insufficient votes may require additional costly adjournments.

Shareholders are encouraged to review the definitive proxy statement filed with the SEC and vote by January 13, 2022.

Positive
  • Kingsdale Advisors engaged to enhance shareholder voting participation.
  • No changes to proposals for the Annual Meeting, indicating stability.
Negative
  • Annual Meeting adjournment indicates potential challenges in obtaining shareholder votes.
  • Further adjournment could incur additional costs.

Orlando, Florida, Dec. 27, 2021 (GLOBE NEWSWIRE) --  IZEA Worldwide, Inc. (the “Company”) (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the world’s leading brands, announced today that it has engaged the services of Kingsdale Advisors to assist the Company in obtaining adequate votes to achieve the record quorum for its annual meeting of shareholders (the “Annual Meeting”), which was adjourned on December 15, 2021 to reconvene on January 14, 2022 at 11:00 AM ET in the same location as originally scheduled.

The record date for the adjourned Annual Meeting remains the close of business on October 19, 2021. Stockholders who have already voted do not need to recast their votes. Proxies previously submitted in respect to the Annual Meeting will be voted at the adjourned Annual Meeting unless properly revoked. During the period of adjournment, the Company will continue to solicit votes from its stockholders with respect to the proposals for the Annual Meeting. The Company encourages all stockholders who have not yet voted to do so before Thursday, January 13, 2022 at 11:59 pm (Eastern Standard Time). Stockholders who have any questions or need assistance with the completion and delivery of your proxy, please contact our proxy solicitor, Kingsdale Advisors, by telephone at 1-800-775-1986  (stockholders) and 416-867-2272 (brokers, banks and other nominees), or by email at contactus@kingsdaleadvisors.com.

If the number of additional shares of common stock voted at the adjourned Annual Meeting is not sufficient to reach a quorum, the Company may determine to adjourn the Annual Meeting again, which would require the Company to incur additional costs.

Important Information

This material may be deemed to be solicitation material in respect of the Annual Meeting. In connection with the Annual Meeting, the Company filed a definitive proxy statement with the SEC on October 22, 2021 and supplemented it on November 2, 2021. BEFORE MAKING ANY VOTING DECISIONS, SHAREHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE ANNUAL MEETING. A notice of internet availability of proxy materials containing instructions on how to access the definitive proxy statement was mailed to stockholders who are entitled to vote at the Annual Meeting to shareholders who are entitled to vote at the Annual Meeting. No changes have been made in the proposals to be voted on by stockholders at the Annual Meeting. The Company’s proxy statement and any other materials filed by the Company with the SEC can be obtained free of charge at the SEC’s website at sec.gov or the Company’s website https://izea.com/investor-relations/sec-filings/.

About IZEA Worldwide, Inc.
IZEA Worldwide, Inc. (“IZEA”) is a marketing technology company providing software and professional services that enable brands to collaborate and transact with the full spectrum of today’s top social influencers and content creators. The company serves as a champion for the growing Creator Economy, enabling individuals to monetize their content, creativity, and influence. IZEA launched the industry’s first-ever influencer marketing platform in 2006 and has since facilitated nearly 4 million transactions between online buyers and sellers. Leading brands and agencies partner with IZEA to increase digital engagement, diversify brand voice, scale content production, and drive measurable return on investment.

Safe Harbor Statement
All statements in this release that are not based on historical fact are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “may,” “will,” “would,” “could,” “should,” “expect,” “anticipate,” “hope,” “estimate,” “believe,” “intend,” "likely," "projects," “plans,” "pursue," "strategy" or "future," or the negative of these words or other words or expressions of similar meaning. Examples of forward-looking statements include, among others, statements we make regarding expectations concerning IZEA’s ability to increase revenue and bookings, growth or maintenance of customer relationships, and expectations concerning IZEA’s business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including, among others, the following: competitive conditions in the content and social sponsorship segment in which IZEA operates; failure to popularize one or more of the marketplace platforms of IZEA; our ability to establish effective disclosure controls and procedures and internal control over financial reporting; our ability to satisfy the requirements for continued listing of our common stock on the Nasdaq Capital Market; changing economic conditions that are less favorable than expected; and other risks and uncertainties described in IZEA’s periodic reports filed with the Securities and Exchange Commission. The forward-looking statements made in this release speak only as of the date of this release, and IZEA assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.


FAQ

What is the purpose of the January 14, 2022, meeting for IZEA?

It is to secure sufficient votes for achieving a quorum for the Annual Meeting.

How can stockholders participate in the IZEA Annual Meeting?

Stockholders can vote by proxy and are encouraged to do so before January 13, 2022.

What happens if IZEA doesn't reach a quorum on January 14, 2022?

The company may adjourn the meeting again, which could lead to additional costs.

What is the deadline for voting for IZEA's adjourned Annual Meeting?

The deadline is January 13, 2022, at 11:59 PM ET.

Who can stockholders contact for assistance with voting for IZEA?

Stockholders can contact Kingsdale Advisors at 1-800-775-1986 or via email.

IZEA Worldwide, Inc.

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