Polished.com Has Scheduled its Annual Meeting of Stockholders for January 19, 2023

Rhea-AI Summary

Polished.com Inc. (NYSE: POL) announced its Annual Meeting of stockholders for January 19, 2023. The company responded to a non-compliance letter from NYSE American regarding its failure to hold this meeting. Polished asserts that it expects compliance to be restored without impacting stock trading. The company focuses on enhancing the shopping experience for home appliances, with services like a 30-day return policy and extended warranties to ensure customer satisfaction.

Positive

• Scheduled the Annual Meeting for January 19, 2023, aiming to resolve NYSE compliance issue.
• Focuses on customer experience with services like a 'Love-It-Or-Return-It' policy and extended warranties.

Negative

• Received a non-compliance letter from NYSE for not holding the Annual Meeting on time.

BROOKLYN, N.Y.--(BUSINESS WIRE)-- Polished.com Inc. (NYSE: POL) (formerly known as 1847 Goedeker Inc.) (“Polished” or the “Company”), a content-driven and technology-enabled shopping destination for appliances, furniture and home goods in the U.S. household appliances market, today reiterated that it has scheduled its annual meeting of stockholders (the “Annual Meeting”) for January 19, 2023, as indicated in the Company’s Definitive Proxy Statement filed with the U.S. Securities Exchange Commission on December 19, 2022. On January 3, 2023, NYSE American sent Polished a letter stating that the Company was not in compliance with Section 704 of the NYSE American Company Guide because it had not yet held its Annual Meeting. Polished expects to cure this instance of non-compliance, which is not anticipated to impact the trading of its common stock or warrants, upon holding its Annual Meeting this month.

ABOUT POLISHED
Polished is raising the bar, delivering a world-class, white-glove shopping experience for home appliances. From the best product selections from top brands to exceptional customer service, we are simplifying the purchasing process and empowering consumers as we provide a polished experience, from inspiration to installation. A product expert helps customers get inspired and imagine the space they want, then shares fresh ideas, unbiased recommendations and excellent deals to suit the project's budget and style. The goal is peace of mind when it comes to new appliances. Polished perks include its "Love-It-Or-Return-It" 30-day policy, extended warranties, the ability to arrange for delivery and installation at your convenience and other special offers. Learn more at www.Polished.com.

FORWARD LOOKING STATEMENTS
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will", "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company’s control and which could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, those described more fully in the section titled "Risk Factors" of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230109005823/en/

Greg Marose / Ashley Areopagita

ir@polished.com

Source: Polished.com

FAQ

What is the date of Polished.com's Annual Meeting in 2023?

Polished.com's Annual Meeting is scheduled for January 19, 2023.

Why did Polished.com receive a non-compliance letter from NYSE?

Polished.com received a non-compliance letter from NYSE for not holding its Annual Meeting as required.

What is the stock symbol of Polished.com?

The stock symbol of Polished.com is POL.

How does Polished.com enhance customer shopping experience?

Polished.com enhances customer shopping with services like a 30-day return policy and extended warranties.

What compliance issue is Polished.com addressing with NYSE?

Polished.com is addressing a compliance issue related to the timely holding of its Annual Meeting.