Sonasoft Corp. Announces Voluntary Delisting
On March 13, 2023, Sonasoft Corp. (OTCQB: SSFT) announced its voluntary delisting from the OTCQB market, effective immediately. The company will now trade on the OTC Pink market, where shareholders may face reduced liquidity and transparency. CEO Mike Khanna believes this decision serves the best interests of shareholders and expresses optimism for future growth as a private entity. Shareholders are cautioned about potential trading volatility on the OTC Pink market. Founded in 2003, Sonasoft specializes in AI applications supported by the SAIBRE AI ecosystem.
- The company aims for future growth as it transitions to a private entity.
- CEO expresses confidence in the decision being in shareholders' best interests.
- Voluntary delisting from the OTCQB may reduce stock visibility and liquidity.
- Trading on the OTC Pink market could lead to increased volatility and limited information.
SAN JOSE, CA, March 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Today, Sonasoft Corp., a California Corporation, (OTCQB: SSFT) (“Sonasoft” or the “Company”) announces that, after notifying FINRA and the OTC Markets Group, the Company voluntarily delisted from the OTC Markets Group OTCQB market, effective immediately.
The Company advises its shareholders that its common stock will no longer trade on the OTCQB market, but may be quoted on the OTC Pink market, also operated by OTC Markets Group. The Company can provide no assurances that any broker-dealer will continue to make a market in its common stock or that trading levels, liquidity, or quotation prices will be maintained. The Company also cautions its shareholders that trading on the OTC Pink market may be subject to limited availability of information, reduced transparency, and greater volatility.
CEO and Board Chairman Mike Khanna stated, “After careful contemplation, our Board originally pursued this path with the firm belief that doing so is in the best interests of our shareholders. This conviction has not changed. We are excited about our prospects for future growth as we now continue operations as a private entity.”
About Sonasoft Corp. (OTCQB: SSFT)
Sonasoft was founded in Silicon Valley in 2003. For more information about the company, please visit: https://www.sonasoft.com. Sonasoft specializes in building end-to-end AI applications supported by the SAIBRE AI ecosystem.
For investor-specific information, please visit: https://www.sonasoft.com/investors/
Investor Relations Contact Josh Rose, Chief of Staff, Sonasoft Corporation. Phone: (408) 708-4000 jrose@sonasoft.com
Forward-looking Statements
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company’s financing plans; (ii) trends affecting the Company’s financial condition or results of operations; (iii) the Company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
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