Remark Holdings Adjourns Annual Shareholder Meeting Until June 30, 2022

Rhea-AI Summary

Remark Holdings, Inc. (NASDAQ: MARK) announced the adjournment of its annual shareholder meeting to June 30, 2022, at 1:00 p.m. ET. This decision aims to provide extra time to solicit votes in order to achieve a quorum necessary for conducting business. Remark Holdings specializes in AI solutions catering to various sectors, including retail and public safety, and has international operations across the US and China.

Positive

• The adjournment allows for additional time to ensure a quorum for conducting important shareholder business.

Negative

• The need to adjourn the meeting may indicate potential challenges in securing shareholder participation.

LAS VEGAS, June 15, 2022 /PRNewswire/ -- Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence ("AI") solutions and digital media properties, today announced the adjournment of its annual shareholder meeting until Thursday, June 30, 2022 at 1:00 p.m. ET, to provide additional time to solicit votes to reach a quorum and conduct business.

About Remark Holdings, Inc.

Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes. The company's easy-to-install AI products are being rolled out in a wide range of applications within the retail, public safety and workplace arenas. The company also owns and operates an e-commerce digital media property focused on a luxury beach lifestyle. The company is headquartered in Las Vegas, Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please visit the company's website at www.remarkholdings.com.

Forward-Looking Statements

This press release may contain forward-looking statements, including information relating to future events, future financial performance, strategies, expectations, competitive environment and regulation. Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in future tense, identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, including those discussed in Part I, Item 1A. Risk Factors in Remark Holdings' Annual Report on Form 10-K and Remark Holdings' other filings with the SEC. Any forward-looking statements reflect Remark Holdings' current views with respect to future events, are based on assumptions and are subject to risks and uncertainties. Given such uncertainties, you should not place undue reliance on any forward-looking statements, which represent Remark Holdings' estimates and assumptions only as of the date hereof. Except as required by law, Remark Holdings undertakes no obligation to update or revise publicly any forward-looking statements after the date hereof, whether as a result of new information, future events or otherwise.

Company Contacts

Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
(+86) 13702108000

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SOURCE Remark Holdings, Inc.

FAQ

What date was Remark Holdings' annual shareholder meeting adjourned to?

The annual shareholder meeting was adjourned to June 30, 2022.

Why was the Remark Holdings annual shareholder meeting adjourned?

It was adjourned to provide more time to solicit votes to reach a quorum.

What is the significance of a quorum for Remark Holdings' shareholder meeting?

A quorum is necessary to conduct business and make decisions at the shareholder meeting.