VISLINK TECHNOLOGIES, INC. TO HOLD REMOTE ANNUAL MEETING OF STOCKHOLDERS ON NEW DATE
Vislink Technologies (NASDAQ: VISL) announced the adjournment of its Annual Meeting of Stockholders from June 17, 2020, to June 30, 2020. This decision aims to give retail shareholders more time to vote on various proposals, especially Proposal Number 3, which seeks authorization for a potential reverse stock split ranging from one-for-five to one-for-fifty. The meeting will be held remotely, and shareholders are encouraged to participate.
For voting assistance, stockholders can contact Laurel Hill Advisory Group at 888-742-1305.
- Adjournment allows more time for retail shareholders to vote on key proposals.
- Remote format aims to ensure equal shareholder participation.
- Potential reverse stock split could signal financial difficulties.
HACKETTSTOWN, NJ, June 16, 2020 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (NASDAQ: VISL) (the “Company”) today announced that the Company plans to adjourn the Annual Meeting of Stockholders, scheduled to be held on Wednesday, June 17, 2020 at 9:00 a.m. (Eastern Time), to Tuesday, June 30, 2020 at 11:00 a.m. (Eastern Time), to be held by means of remote communications, which will be provided by the Company in a separate communication ahead of the adjourned meeting. The Company will announce such adjournment at the currently scheduled Annual Meeting via the following dial-in instructions: (908) 747-3000; Conference ID: 15983.
The Company is adjourning the Annual Meeting to allow its retail shareholders additional time to vote and approve the proposals that are described in the Proxy Statement, and in particular, Proposal Number 3 authorizing the Company’s board of directors to effect, at its discretion, a reverse stock split at a specific ratio within a range from one-for-five to one-for-fifty.
We intend to design the format of the Annual Meeting to provide shareholders the same rights and opportunities to participate as they would at an in-person meeting.
Your vote matters and is important no matter how many shares you own. Please vote promptly and we thank you in advance for your vote!
Stockholders who need assistance in submitting their proxy or voting their shares of our common stock should call the Company’s proxy solicitor, Laurel Hill Advisory Group, at 888-742-1305.
About Vislink Technologies, Inc.
Vislink Technologies is a global leader in the development and distribution of advanced communication solutions. Driven by technical excellence that has led the industry for over 50 years, our innovative products and turnkey solutions provide reliable connectivity in the toughest environments across the global live production, military and government sectors. Our solutions include high-definition communication links that reliably capture, transmit and manage live event footage, as well as secure video systems that support mission-critical applications. Vislink Technologies shares are publicly traded on the Nasdaq Capital Market under the ticker symbol VISL. For more information, visit www.vislink.com.
Note on Forward-looking Statements
This press release may contain projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements involve risks and uncertainties, and actual events or results may differ materially. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are the risk that our reduction in operating expenses may impact our ability to meet our business objectives and achieve our revenue targets and may not result in the expected improvement in our profitability, the fact that our future growth depends in part on further penetrating our addressable market and also growing internationally, and we may not be successful in doing so; our dependence on sales of certain products to generate a significant portion of our revenue; the effect of a decrease in the sales or change in sales mix of these products would harm our business; the risks that an economic downturn or economic uncertainty in our key U.S. and international markets may adversely affect demand for our products; difficulty in accurately predicting our future customer demand; the importance of maintaining the value and reputation of our brand; and other factors detailed in our Annual Report on Form 10-K for the year ended December 31, 2019 and our other subsequent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof or as of the date otherwise stated herein. The Company disclaims any obligation to update these forward-looking statements.
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FAQ
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