Vislink Announces Delisting from Nasdaq and Potential SEC Deregistration
Vislink Technologies (VISL) has announced its voluntary delisting from the Nasdaq Capital Market. The company plans to file a Form 25 with the SEC and Nasdaq around February 10, 2025, with the delisting becoming effective 10 days after filing.
The Board of Directors made this decision after evaluating multiple factors, including the lack of an active trading market and the significant expenses related to SEC and Nasdaq reporting requirements. Following delisting, Vislink expects its common stock to be traded on the OTC Markets Group platform, though there's no guarantee of continued market making.
CEO Mickey Miller stated that this move is expected to generate significant savings in resources, allowing the company to focus more on product development and customer acquisition to enhance long-term shareholder value.
Vislink Technologies (VISL) ha annunciato la sua decisione di ritirarsi volontariamente dal Nasdaq Capital Market. L'azienda prevede di presentare un modulo 25 all'SEC e al Nasdaq intorno al 10 febbraio 2025, con il ritiro che diventerà effettivo 10 giorni dopo la presentazione.
Il Consiglio di Amministrazione ha preso questa decisione dopo aver valutato diversi fattori, tra cui la mancanza di un mercato di scambio attivo e le spese significative legate ai requisiti di reporting dell'SEC e del Nasdaq. Dopo il ritiro, Vislink si aspetta che le sue azioni ordinarie vengano scambiate sulla piattaforma OTC Markets Group, anche se non vi è alcuna garanzia di continuazione dell'attività di market making.
Il CEO Mickey Miller ha dichiarato che questa mossa dovrebbe generare significativi risparmi in risorse, consentendo all'azienda di concentrarsi maggiormente sullo sviluppo del prodotto e sull'acquisizione di clienti per migliorare il valore a lungo termine per gli azionisti.
Vislink Technologies (VISL) ha anunciado su salida voluntaria del Nasdaq Capital Market. La empresa planea presentar un Formulario 25 ante la SEC y el Nasdaq alrededor del 10 de febrero de 2025, siendo efectivo el retiro 10 días después de la presentación.
La Junta Directiva tomó esta decisión tras evaluar múltiples factores, incluyendo la falta de un mercado de comercio activo y los gastos significativos relacionados con los requisitos de informes de la SEC y el Nasdaq. Tras el retiro, Vislink espera que sus acciones comunes se negocien en la plataforma OTC Markets Group, aunque no hay garantía de que continúe la creación de mercado.
El CEO Mickey Miller afirmó que este movimiento se espera que genere ahorros significativos en recursos, permitiendo a la empresa centrarse más en el desarrollo de productos y la adquisición de clientes para potenciar el valor a largo plazo para los accionistas.
Vislink Technologies (VISL)은 Nasdaq Capital Market에서 자발적으로 상장 폐지할 것이라고 발표했습니다. 이 회사는 2025년 2월 10일 경에 SEC 및 Nasdaq에 Form 25를 제출할 계획이며, 상장 폐지는 제출 10일 후에 시행됩니다.
이사회는 활발한 거래 시장의 부족과 SEC 및 Nasdaq 보고 요구 사항과 관련된 상당한 비용을 포함한 여러 요인을 평가한 후 이 결정을 내렸습니다. 상장 폐지 이후 Vislink은 자사의 보통주가 OTC Markets Group 플랫폼에서 거래될 것으로 예상하지만, 계속해서 시장 조성이 이루어질 것이라는 보장은 없습니다.
Mickey Miller CEO는 이 조치가 자원의 상당한 절감을 가져와 회사가 제품 개발 및 고객 확보에 더 집중하여 장기적인 주주 가치를 강화할 수 있도록 할 것으로 예상한다고 밝혔습니다.
Vislink Technologies (VISL) a annoncé son retrait volontaire du Nasdaq Capital Market. L'entreprise prévoit de déposer un formulaire 25 auprès de la SEC et du Nasdaq autour du 10 février 2025, le retrait devenant effectif 10 jours après le dépôt.
Le Conseil d'administration a pris cette décision après avoir évalué plusieurs facteurs, notamment l'absence de marché de trading actif et les coûts importants liés aux exigences de reporting de la SEC et du Nasdaq. Après le retrait, Vislink s'attend à ce que ses actions ordinaires soient négociées sur la plateforme OTC Markets Group, bien qu'il n'y ait aucune garantie de poursuite de la création de marché.
Le PDG Mickey Miller a déclaré que ce mouvement devrait entraîner des économies significatives en ressources, permettant à l'entreprise de se concentrer davantage sur le développement de produits et l'acquisition de clients pour améliorer la valeur à long terme pour les actionnaires.
Vislink Technologies (VISL) hat seinen freiwilligen Rückzug vom Nasdaq Capital Market angekündigt. Das Unternehmen plant, etwa am 10. Februar 2025 ein Formular 25 bei der SEC und Nasdaq einzureichen, wobei der Rückzug 10 Tage nach der Einreichung wirksam wird.
Der Board of Directors traf diese Entscheidung nach der Bewertung mehrerer Faktoren, einschließlich der mangelnden aktiven Handelsmärkte und der erheblichen Kosten im Zusammenhang mit den Anforderungen an Berichterstattung durch SEC und Nasdaq. Nach dem Rückzug erwartet Vislink, dass ihre Stammaktien an der Plattform OTC Markets Group gehandelt werden, obwohl keine Garantie für eine fortgesetzte Marktpflege besteht.
CEO Mickey Miller erklärte, dass dieser Schritt voraussichtlich erhebliche Einsparungen bei Ressourcen generieren wird, was dem Unternehmen ermöglicht, sich stärker auf Produktentwicklung und Kundengewinnung zu konzentrieren, um den langfristigen Aktionärswert zu steigern.
- Cost reduction through elimination of Nasdaq listing and SEC reporting expenses
- Increased focus on core business operations and product development
- Delisting from major exchange indicates potential financial/operational challenges
- Reduced market visibility and potential decrease in stock liquidity
- No guarantee of continued trading market on OTC
- Possible negative impact on ability to raise capital
Insights
The voluntary delisting announcement from Vislink Technologies represents a critical inflection point that warrants serious investor attention. With a micro-cap valuation of just
The migration to OTC markets typically results in:
- Reduced trading volume and wider bid-ask spreads, potentially creating significant liquidity challenges for existing shareholders
- institutional investor participation due to investment mandate restrictions
- Decreased transparency and reporting requirements, which could impact price discovery and valuation accuracy
- Potential difficulty in accessing capital markets for future funding needs
While management cites cost savings from reduced regulatory compliance as a benefit, historical precedents suggest companies that voluntarily delist often face challenging paths forward. The estimated annual cost savings from eliminating Nasdaq listing fees and reduced compliance requirements typically range from
The timing of this decision, coupled with the micro-cap status, suggests deeper financial or operational challenges that investors should scrutinize. Similar cases in the technology sector have often preceded either significant restructuring efforts or, in some cases, eventual privatization attempts. The absence of an active trading market, as cited by management, indicates potential fundamental issues with investor interest and market validation of the company's business model.
For existing shareholders, the 10-day notice period before delisting becomes effective creates a critical decision window. The transition to OTC markets historically correlates with increased volatility and potential value deterioration, particularly in the initial months following delisting.
Mt. Olive, NJ, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (Nasdaq: VISL) (“Vislink” or the “Company”), a global technology leader in the capture, delivery, and management of high-quality, live video and associated data in the media and entertainment, public safety, and defense markets, today announced that it has provided notification to The Nasdaq Stock Market, LLC (“Nasdaq”) of its intent to voluntarily delist the Company’s common stock, par value
The withdrawal of the Common Stock from listing and registration is being undertaken following a determination by the Company’s Board of Directors (the “Board”) that such delisting and deregistration is in the best interest of the Company and the holders of its Common Stock. The Board’s decision was based on a careful review of numerous factors, including but not limited to, the lack of an active trading market for the Company’s securities, the required resources and expenses relating to continued Securities Exchange Act of 1934 and Nasdaq disclosure and reporting requirements and related regulatory burdens which have resulted and would continue to result in significant operating expense and attention of the Company’s management team.
Following the delisting, the Company expects that the Common Stock will be quoted for trading on a market operated by the OTC Markets Group Inc. (the “OTC”) so that a trading market may continue to exist for such securities. There is no guarantee, however, that a broker will continue to make or maintain a market in the Common Stock.
“We believe delisting will help us realize significant savings in both time and resources that will allow us to better focus our energies on developing new products and customers that will deliver greater shareholder value in the long term,” said Mickey Miller, CEO of Vislink.
About Vislink
Vislink Technologies is a global technology leader in capturing, delivering, and managing high-quality live video and associated data. With a renowned heritage in video communications encompassing over 50 years, Vislink has revolutionized live video communications by delivering the highest-quality video from the scene, even in the most challenging transmission conditions, enabling broadcasters, defense, and public safety agencies to capture and share live video seamlessly and securely. Vislink provides live streaming solutions using RF, bonded cellular, 5G, and AI-driven technologies. Vislink’s shares of common stock are publicly traded on the Nasdaq Capital Market under the ticker symbol “VISL.” For more information, visit www.vislink.com.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute forward-looking statements. The words “expect,” “intend,” “continue,” “potential,” “may,” “will” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements in this press release include, but are not limited to, statements concerning the Company’s plans with respect to the delisting and deregistration of its Common Stock; the perceived benefits and timing of the delisting and deregistration; the Company’s expectations regarding and its ability to realize the value of its intellectual property assets; and the trading of the Common Stock. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the risk that the delisting and deregistration process will take longer than expected and that the benefits of such actions may not be realized; the impact of changing laws and regulations and those risks and uncertainties described in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (“SEC”) on April 3, 2024, and its subsequent filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Readers should not rely upon this information as current or accurate after its publication date.
Media Contact:
Adrian Lambert
Adrian.lambert@vislink.com
Investor Relations:
investors@vislink.com
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