SinglePoint Inc. Announces Transition to OTC Markets After Historic Milestone as the First Company Listed on the Chicago Board Options Exchange
SinglePoint Inc. (OTC Pink: SING), formerly listed on the Chicago Board Options Exchange (CBOE: SING), has announced its transition to OTC Markets. This move comes after being the first company listed on CBOE, highlighting broader challenges faced by the new exchange rather than issues with SinglePoint's performance. The company experienced unexpected delays in filing annual financials, impacting subsequent quarterly filings. Despite this setback, SinglePoint remains focused on growth and improving financials.
CEO Wil Ralston emphasized that the transition doesn't reflect the company's business strength. SinglePoint is evaluating options to appeal the decision or pursue other strategic actions beneficial to shareholders. The company maintains its optimism about opportunities on the OTC Markets platform and continues to focus on renewable energy initiatives, acquisitions, and sustainability projects.
SinglePoint Inc. (OTC Pink: SING), precedentemente quotata al Chicago Board Options Exchange (CBOE: SING), ha annunciato la sua transizione verso i mercati OTC. Questo cambiamento arriva dopo essere stata la prima azienda quotata al CBOE, evidenziando le sfide più ampie affrontate dal nuovo scambio piuttosto che problemi relativi alle performance di SinglePoint. L'azienda ha subito ritardi inaspettati nella presentazione dei bilanci annuali, che hanno avuto un impatto sulle successive presentazioni trimestrali. Nonostante questo imprevisto, SinglePoint rimane concentrata sulla crescita e sul miglioramento dei risultati finanziari.
Il CEO Wil Ralston ha sottolineato che la transizione non riflette la forza commerciale dell'azienda. SinglePoint sta valutando opzioni per appellare la decisione o perseguire altre azioni strategiche vantaggiose per gli azionisti. L'azienda mantiene il suo ottimismo riguardo alle opportunità sulla piattaforma dei mercati OTC e continua a concentrarsi su iniziative di energia rinnovabile, acquisizioni e progetti di sostenibilità.
SinglePoint Inc. (OTC Pink: SING), anteriormente listada en el Chicago Board Options Exchange (CBOE: SING), ha anunciado su transición a los mercados OTC. Este movimiento llega después de ser la primera empresa listada en el CBOE, destacando los desafíos más amplios que enfrenta el nuevo intercambio en lugar de problemas relacionados con el rendimiento de SinglePoint. La empresa experimentó retrasos inesperados en la presentación de sus informes financieros anuales, lo que impactó las presentaciones trimestrales posteriores. A pesar de este contratiempo, SinglePoint sigue enfocada en el crecimiento y la mejora de sus finanzas.
El CEO Wil Ralston enfatizó que la transición no refleja la fortaleza empresarial de la compañía. SinglePoint está evaluando opciones para apelar la decisión o seguir otras acciones estratégicas beneficiosas para los accionistas. La empresa mantiene su optimismo sobre las oportunidades en la plataforma de OTC Markets y continúa enfocándose en iniciativas de energía renovable, adquisiciones y proyectos de sostenibilidad.
SinglePoint Inc. (OTC Pink: SING), 이전에 Chicago Board Options Exchange (CBOE: SING)에 상장되었으나, OTC 시장으로 전환을 발표했습니다. 이 움직임은 CBOE에 처음 상장된 회사로서의 이력을 가진 후 발생하였으며, SinglePoint의 성과와 관련된 문제보다는 새로운 거래소가 직면한 더 넓은 도전 과제를 강조하고 있습니다. 회사는 연례 재무 보고서 제출에서 예상치 못한 지연을 겪어 후속 분기 보고서에 영향을 미쳤습니다. 이러한 setback에도 불구하고, SinglePoint는 여전히 성장과 재무 개선에 집중하고 있습니다.
CEO Wil Ralston은 전환이 회사의 사업 강도를 반영하는 것이 아니라고 강조했습니다. SinglePoint는 결정에 대한 항소 옵션 평가나 주주에게 유리한 다른 전략적 조치를 고려하고 있습니다. 이 회사는 OTC 시장 플랫폼에서의 기회에 대한 낙관을 유지하며 재생 가능 에너지 이니셔티브, 인수 및 지속 가능성 프로젝트에 계속 집중하고 있습니다.
SinglePoint Inc. (OTC Pink: SING), anciennement cotée sur le Chicago Board Options Exchange (CBOE: SING), a annoncé sa transition vers les marchés OTC. Ce changement survient après avoir été la première entreprise cotée au CBOE, mettant en lumière les défis plus larges rencontrés par le nouvel échange plutôt que des problèmes liés aux performances de SinglePoint. L'entreprise a connu des délai imprévus dans le dépôt de ses états financiers annuels, impactant les dépôts trimestriels suivants. Malgré ce revers, SinglePoint reste concentrée sur la croissance et l'amélioration de ses finances.
Le PDG Wil Ralston a souligné que la transition ne reflète pas la force de l'entreprise. SinglePoint évalue les options pour contester la décision ou entreprendre d'autres actions stratégiques bénéfiques pour les actionnaires. L'entreprise maintient son optimisme concernant les opportunités sur la plateforme des marchés OTC et continue de se concentrer sur des initiatives d'énergie renouvelable, des acquisitions et des projets de durabilité.
SinglePoint Inc. (OTC Pink: SING), ehemals an der Chicago Board Options Exchange (CBOE: SING) gelistet, hat seinen Übergang zu den OTC-Märkten bekannt gegeben. Diese Entscheidung folgt auf die Tatsache, dass das Unternehmen das erste auf dem CBOE gelistete Unternehmen war, und hebt die breiteren Herausforderungen hervor, die der neuen Börse gegenüberstehen, anstatt Probleme mit der Leistung von SinglePoint. Das Unternehmen hatte unerwartete Verzögerungen bei der Einreichung jährlicher Finanzberichte, was sich auf die folgenden Quartalsberichte auswirkte. Trotz dieses Rückschlags bleibt SinglePoint auf Wachstum und Verbesserung der Finanzen fokussiert.
CEO Wil Ralston betonte, dass der Übergang nicht die Geschäftsstärke des Unternehmens widerspiegelt. SinglePoint prüft Optionen, um gegen die Entscheidung Berufung einzulegen oder andere strategische Maßnahmen zu ergreifen, die für die Aktionäre vorteilhaft sind. Das Unternehmen behält seine Zuversicht hinsichtlich der Möglichkeiten auf der OTC-Marktplattform und konzentriert sich weiterhin auf Initiativen zur erneuerbaren Energie, Übernahmen und Nachhaltigkeitsprojekte.
- First company to be listed on the Chicago Board Options Exchange, demonstrating market leadership
- Improving financials in quarterly filings
- Continued focus on renewable energy and sustainable solutions
- Evaluating options to appeal the delisting decision or pursue other strategic actions
- Transition from CBOE to OTC Markets
- Unexpected delays in filing annual financials
- Subsequent delays in filing two quarterly reports
- Potential loss of visibility and trading options associated with CBOE listing
Insights
Phoenix, Arizona--(Newsfile Corp. - September 11, 2024) - SinglePoint Inc. (OTC Pink: SING) (CBOE: SING), a diversified holding company with a focus on renewable energy and sustainable solutions, today announced its transition from the Chicago Board Options Exchange (CBOE) to OTC Markets.
"This development highlights the broader challenges faced by the newly launched exchange rather than any fundamental issues with SinglePoint's performance or prospects. Since our listing, only one other company has joined the exchange, indicating potential strategic shifts within CBOE. While we had consecutively filed 13 quarterly and annual financial reports on time, we experienced unexpected delays this year in filing our annual financials that impacted our filing schedule of our next two quarterly filings. We understand the importance of timely communication with our investors and are actively addressing these delays. Although we recognize the need for improvement, we believe that if the decision had been made solely on CBOE's operational viability, the outcome might have been different. As the first company to be listed, we are proud to have demonstrated our commitment to innovation and market leadership. We remain focused on advancing our efforts, and this situation does not reflect the strength of our business, as evidenced by our improving financials in quarterly filings. We will take this challenge in stride and continue to pursue growth," said Wil Ralston, CEO of SinglePoint Inc.
We are currently evaluating the possibility of appealing the decision or pursuing other strategic actions that will benefit our shareholders and position the company for continued success.
Despite this transition, SinglePoint remains optimistic about the opportunities presented by the OTC Markets platform. We are excited to continue our growth trajectory and maintain our focus on providing value through our renewable energy initiatives, acquisitions, and sustainability projects.
About SinglePoint Inc.
SinglePoint Inc. is a diversified holding company with a focus on renewable energy solutions, including solar energy and energy storage, as well as other sustainable initiatives. Since its founding, SinglePoint has continued to grow its footprint through strategic acquisitions and innovative business development efforts in emerging industries.
Investor Relations Contact:
SinglePoint Inc
investor@singlepoint.com
888-682-7464
Forward-Looking Statements
This news release includes "forward-looking statements". These statements are based upon the current beliefs and expectations of SinglePoint's management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, the use of proceeds, anticipated growth and future expansion, are forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222965
FAQ
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