IZEA Successfully Appeals to Tradegate for Immediate Delisting
IZEA Worldwide, Inc. (NASDAQ: IZEA) announced it has requested the delisting of its common stock from the Tradegate Stock Exchange in Germany, which was listed without its consent. The company emphasizes that it has not authorized any brokers for trading its shares in Germany and insists that all purchases should occur on NASDAQ. CEO Ted Murphy stated that IZEA prioritizes compliance with U.S. securities laws to protect its investors. The company continues to operate IZEAx, a platform that connects brands with influential content creators.
- IZEA is actively taking measures to protect its stock listing on NASDAQ.
- The company emphasizes compliance with U.S. securities laws to safeguard investor interests.
- The unauthorized listing on Tradegate may raise concerns regarding shareholder awareness and stock control.
- Potential risks related to the company’s operations in international markets, which it does not intend to engage.
Orlando, Florida, July 20, 2020 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), operator of IZEAx®, the premier online marketplace connecting brands and publishers with influential content creators, today announced that it has received a response to its formal demand letter to the Tradegate Stock Exchange in Germany ("Tradegate") requesting that Tradegate delist the corporation's common stock. IZEA did not apply to be listed on Tradegate, nor did the corporation authorize the listing of its shares on the German exchange. IZEA has not engaged any broker or specialist to act as a market maker for IZEA’s common stock in Germany or elsewhere in the EU, nor does it wish to be traded on any exchange other than NASDAQ.
“Our corporation has invested significant resources to be listed on NASDAQ. We abide by the rules and regulations of the market and comply with U.S. securities laws,” said Ted Murphy, Founder and CEO of IZEA. “Our investors seek those regulatory protections and assurances, and we constantly seek to protect our shareholders against the impacts of equity trading in international markets not approved by the corporation.”
Investors looking to purchase shares of IZEA should only purchase them through market markers on the NASDAQ public markets.
About IZEA Worldwide, Inc.
IZEA Worldwide, Inc. (“IZEA”) operates IZEAx, the premier online marketplace that connects marketers with content creators. IZEAx automates influencer marketing and custom content development, allowing brands and agencies to scale their marketing programs. IZEA creators include celebrities and accredited journalists. Creators are compensated for producing unique content such as long and short form text, videos, photos, status updates, and illustrations for marketers or distributing such content on behalf of marketers through their personal websites, blogs, and social media channels. Marketers receive influential content and engaging, shareable stories that drive awareness. For more information about IZEA, visit https://izea.com/.
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,” “expects,” “anticipates,” “estimates,” “believes,” “intends,” “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 improve Adjusted EBITDA, expectations with respect to operational efficiency, 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: our ability to raise additional funding needed to fund our business operation in the future, uncertainty relating to the effects of COVID-19, competitive conditions in the content and social sponsorship segment in which IZEA operates; failure to popularize the IZEAx marketplace platform; inability to finance growth initiatives in a timely manner; 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.
Martin Smith IZEA Worldwide, Inc. Phone: 407-674-6911 Email: ir@izea.com
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