ReposiTrak Set to Join Russell 3000® Index

Rhea-AI Summary

ReposiTrak (NYSE: TRAK), a leading food traceability and regulatory compliance network, will join the Russell 3000® Index following the annual reconstitution on July 1, 2024. This inclusion reflects the company's growth and financial progress. ReposiTrak's market capitalization on April 30, 2024, qualified it among the 4,000 largest US stocks. Being part of the Russell 3000® Index for one year also ensures a place in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index. This move is expected to enhance trading liquidity and awareness among institutional investors. The Russell Indexes, used widely by investment managers, benchmark around $10.5 trillion in assets.

Positive

• ReposiTrak joining the Russell 3000® Index reflects its financial progress and increased market capitalization.
• Inclusion in the Russell 3000® Index enhances visibility and trading liquidity among institutional investors.
• ReposiTrak's presence in a major index indicates a growing footprint in the food safety industry.
• Russell Indexes benchmark approximately $10.5 trillion in assets, indicating significant exposure for ReposiTrak.

Negative

• The inclusion in the Russell 3000® Index is for only one year, requiring sustained performance for continued membership.
• The company's market capitalization must remain competitive to stay in the index in the future.

SALT LAKE CITY--(BUSINESS WIRE)-- ReposiTrak (NYSE: TRAK), the world’s largest food traceability and regulatory compliance network, leveraging its established inventory management and out-of-stock reduction SaaS platform, is set to join the broad-market Russell 3000^® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, according to a preliminary list of additions posted Friday, May 24.

The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30, ranking them by total market capitalization. Membership in the US all-cap Russell 3000^® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000^® Index or small-cap Russell 2000^® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

"After being added to the Russell Microcap^® index last year, we are now expected to join the larger Russell 3000 index this year, a reflection of the financial progress we have made and our growing presence in the food safety industry," commented Randy Fields, chairman and CEO of ReposiTrak. "We expect inclusion in this index will both further increase our trading liquidity and enhance awareness for our company with institutional investors."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of December 2023, about $10.5 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a prominent global index provider.

Fiona Bassett, CEO of FTSE Russell, An LSEG Business, added, “Russell indexes–now in their 40th year–continue to evolve to reflect the dynamic US economy. Annual rebalancing plays a vital role in establishing accurate benchmarks, ensuring they correctly mirror their designated market segments and remain unbiased in terms of size and style.”

For more information on the Russell Microcap^® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About ReposiTrak

ReposiTrak (NYSE: TRAK), formerly known as Park City Group, provides retailers, suppliers and wholesalers with a robust solution suite to help reduce risk and remain in compliance with regulatory requirements, enhance operational controls and increase sales with unrivaled brand protection. Consisting of three product families – food traceability, compliance and risk management and supply chain solutions – ReposiTrak’s integrated, cloud-based applications are supported by an unparalleled team of experts. For more information, please visit https://repositrak.com

Forward-Looking Statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “if”, “should” and “will” and similar expressions as they relate to ReposiTrak, Inc. formerly known as Park City Group, Inc (“ReposiTrak”) are intended to identify such forward-looking statements. ReposiTrak may from time-to-time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in ReposiTrak annual report on Form 10-K, its quarterly report on Form 10-Q, and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240530358528/en/

Investor Relations Contact:

John Merrill, CFO

Investor-relations@repositrak.com

Or

FNK IR

Rob Fink

646.809.4048

rob@fnkir.com

Source: ReposiTrak

FAQ

When will ReposiTrak join the Russell 3000® Index?

ReposiTrak will join the Russell 3000® Index at the open of US equity markets on Monday, July 1, 2024.

What is the stock symbol for ReposiTrak?

The stock symbol for ReposiTrak is 'TRAK'.

Why is ReposiTrak joining the Russell 3000® Index important?

Joining the Russell 3000® Index increases trading liquidity and awareness among institutional investors, reflecting the company's financial growth.

What indexes will ReposiTrak be included in besides the Russell 3000® Index?

ReposiTrak will also be included in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, as well as appropriate growth and value style indexes.

How long will ReposiTrak remain in the Russell 3000® Index?

ReposiTrak will remain in the Russell 3000® Index for one year following its inclusion.