Remark Holdings Adjourns Special Shareholder Meeting Until December 16, 2020

Rhea-AI Summary

Remark Holdings, Inc. (NASDAQ: MARK) has announced the adjournment of its special shareholder meeting, now scheduled for December 16, 2020, at 1:00 p.m. ET. This decision was made to allow additional time for soliciting votes to reach a quorum. The company specializes in artificial intelligence solutions and owns various digital media properties. Remark Holdings aims to provide businesses with tools to resolve issues and enhance outcomes across sectors such as retail and public safety. The meeting's postponement signifies the importance of achieving adequate shareholder engagement.

Positive

• Company specializes in AI solutions and aims to enhance business outcomes.
• Postponement allows for increased shareholder participation, which is critical for company governance.

Negative

• The need to adjourn the meeting indicates potential difficulties in securing a quorum.
• Postponing the meeting may signal a lack of strong investor support or engagement.

LAS VEGAS, Nov. 18, 2020 /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 special shareholder meeting until December 16, 2020 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

E. Brian Harvey
Senior Vice President of Capital Markets and Investor Relations
Remark Holdings, Inc.
ebharvey@remarkholdings.com
702-701-9514

Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com 
(+1) 626-623-2000
(+86) 12702108000

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SOURCE Remark Holdings, Inc.

FAQ

Why was the Remark Holdings special shareholder meeting adjourned?

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

When is the rescheduled date for the Remark Holdings special shareholder meeting?

The meeting is rescheduled for December 16, 2020, at 1:00 p.m. ET.

What is the significance of reaching a quorum for Remark Holdings?

Reaching a quorum is crucial for conducting business and making decisions that affect the company.

What does Remark Holdings do?

Remark Holdings specializes in artificial intelligence solutions and operates digital media properties.

What is the stock symbol for Remark Holdings?

The stock symbol for Remark Holdings is MARK.