IZEA Regains Compliance With Nasdaq Bid Price Rule
January 06 2021 - 7:00AM
IZEA Worldwide, Inc. (NASDAQ: IZEA) (the “Company”), the premier
provider of influencer marketing technology, data, and services for
the world’s leading brands, today received formal notification from
The Nasdaq Stock Market LLC ("Nasdaq") that the Company has
regained compliance with Listing Rule 5550(a)(2), which requires
the Company's common stock to maintain a minimum bid price of $1.00
per share. The Nasdaq staff made this determination of compliance
after the closing bid price of the Company's common stock was at
$1.00 per share or greater for the prior 10 consecutive business
days.
Nasdaq had previously notified the Company of its
non-compliance with Listing Rule 5550(a)(2) on November 12, 2020.
In accordance with its Listing Rules, Nasdaq afforded the Company
180 calendar days (until May 11, 2021) to regain compliance. Prior
to the expiration of the compliance period, the Company
successfully regained compliance with the listing standard as a
result of favorable market conditions.
About IZEA Worldwide, Inc.IZEA
Worldwide, Inc. (“IZEA”) is a marketing technology company
providing software and professional services that enable brands to
collaborate and transact with the full spectrum of today’s top
social influencers and content creators. The company serves as a
champion for the growing Creator Economy, enabling individuals to
monetize their content, creativity, and influence. IZEA launched
the industry’s first-ever influencer marketing platform in 2006 and
has since facilitated nearly 4 million transactions between online
buyers and sellers. Leading brands and agencies partner with IZEA
to increase digital engagement, diversify brand voice, scale
content production, and drive measurable return on investment.
Safe Harbor StatementThis press
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements, which are based on certain assumptions
and describe our future plans, strategies and expectations, can
generally be identified by the use of forward-looking terms
such as “anticipates,” “believes,” “estimates,” “expects,”
“intends,” “may,” “plans,” “projects,” “will,” “would” or other
comparable terms. Examples of forward-looking statements include,
among others, statements we make regarding expectations of sales
activity, revenue and margins based on bookings, plans to increase
the size of our sales team, the financial impact of investments in
our software business, and continuation of new IZEAx customers and
their effect on future sales.
Forward-looking statements involve inherent risks
and uncertainties, which could cause actual results to differ
materially from those in the forward-looking statements, as a
result of various factors, including, among others, the following:
competitive conditions in the content and social sponsorship
segment in which IZEA operates; failure to popularize one or more
of the marketplace platforms of IZEA; changing economic conditions
that are less favorable than expected; and other risks and
uncertainties described in IZEA’s periodic reports filed with the
Securities and Exchange Commission. IZEA assumes no
obligation to update any such forward-looking statements to reflect
actual results or changes in expectations, except as otherwise
required by law.
Martin Smith
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: ir@izea.com
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