wtrh - WTRH STOCK NEWS

Waitr Holdings Inc. (NASDAQ: WTRH) plans to release its third quarter 2022 financial results today, November 9, 2022, after market close. A conference call will follow at 5:00 PM ET, available via webcast and phone. Investors can access the live call at investors.waitrapp.com or through a dialing option. A replay will be available shortly thereafter until November 16, 2022. The company specializes in on-demand ordering technology, providing delivery services across approximately 1,000 cities in the U.S.

Waitr Holdings Inc. (NASDAQ: WTRH) has announced a reverse stock split approved by its Board of Directors and shareholders during a special meeting on October 20, 2022. The split will occur on or before November 21, 2022, at a ratio of 1:20, with no fractional shares being issued. After the split, trading will continue under the new symbol ‘ASAP’ starting November 22, 2022. This decision aims to enhance the company’s stock price and is part of ongoing strategic initiatives.

ASAP.com has launched home and office delivery services in New York City, expanding its footprint in the Tri-State area. This initiative follows ASAP's exclusive mobile ordering partnership with MetLife Stadium and the New York Giants and Jets. CEO Carl Grimstad emphasized the importance of this launch for brand awareness. The company's delivery model extends beyond food to include alcohol and groceries, catering to a wide range of customer needs. As of June 30, 2022, ASAP operates in nearly 1,000 cities across the United States.

Waitr Holdings (WTRH) announced a new partnership with Unilever, aimed at delivering frozen treats through its ASAP.com platform. This collaboration enables ASAP to expand its menu offerings and provide ice cream from well-known brands like Ben & Jerry's and Magnum to over 2,000 locations nationwide, including the New York Tri-State Area. The initiative not only enhances customer choices but also creates a new revenue stream for restaurants. CEO Carl Grimstad emphasized the strategic importance of this partnership in evolving the company's delivery model.

Waitr Holdings Inc. announces the adjournment of its Special Meeting of Stockholders initially set for October 6, 2022. The meeting will now reconvene on October 20, 2022, to discuss a proposed reverse stock split at a ratio of 1:5 to 1:20. This move aims to maintain compliance with Nasdaq's minimum closing bid price of $1.00 per share to avoid potential delisting by January 23, 2023. Stockholders are encouraged to vote before October 19, 2022, as the proposal requires a majority for approval.

Waitr Holdings Inc. (NASDAQ: WTRH) has begun delivering auto parts from NAPA stores through its platform ASAP.com. This service is initially available in Baton Rouge, Louisiana, allowing customers to order various auto parts online and receive same-day delivery. The partnership aims to enhance customer experience with timely deliveries and professional service. NAPA's collaboration with ASAP is expected to expand across Louisiana in the coming month, demonstrating a strategic pivot towards delivering a broader range of products.

Waitr Holdings Inc. (NASDAQ: WTRH) has partnered with the Florida Panthers to enhance the fan experience at FLA Live Arena. This initiative allows fans to order food and beverages, including alcohol, through ASAP's mobile platform, streamlining the concession process. The partnership marks ASAP's first deal with an NHL team, following successful agreements with several NFL teams. Fans can place orders via QR codes and receive assistance from brand ambassadors at the arena, while local service Delivery Dudes will transition to the ASAP brand.

ASAP, the on-demand delivery platform for Waitr Holdings (NASDAQ: WTRH), launched a new NIL program for all student-athletes at Louisiana State University (LSU). This initiative allows LSU athletes to promote the rebranded delivery app on social media and earn compensation from orders generated through their accounts. ASAP partners with MatchPoint Connection to facilitate these agreements. ASAP reinforces its commitment to local communities and enhances its presence at LSU sporting events as their official mobile ordering partner.

ASAP, the delivery brand for Waitr Holdings (NASDAQ: WTRH), has formed a partnership with the University of Alabama to reintroduce in-stadium ordering at Bryant-Denny Stadium, now including beer and wine. Fans can use the ASAP app for food and beverage orders, enhancing their game-day experience by avoiding concession lines. This partnership follows others with the New York Giants, Jets, and New Orleans Saints. Additionally, ASAP recently rebranded from Waitr, aiming to expand its delivery services to a wider variety of items, signifying a shift in its business model.