LAS
VEGAS, Jan. 12, 2023 /PRNewswire/ -- Remark
Holdings, Inc. (Nasdaq: MARK), a diversified global technology
company with leading artificial intelligence powered computer
vision solutions, today announced that it received a letter from
The Nasdaq Stock Market LLC confirming that it has regained
compliance with the $1.00 minimum bid
price requirement of Nasdaq Listing Rule 5550(a)(2).
Accordingly, the Nasdaq Hearings Panel has determined that the
Company's common stock will continue to be listed on the Nasdaq
Stock Market and as a result, considers this matter now closed.
"We are pleased to once again regain compliance with the
Nasdaq's listing requirements and are grateful for the patience and
support of our investors while management and the board of
directors worked diligently to achieve this end," said Kai-Shing Tao, Chairman and Chief Executive
Officer of Remark Holdings Inc. "With this matter now resolved, we
remain focused on continuing to grow our public security business
domestically in the United States
and internationally in the UK and Asia, by providing customer-centric solutions
that solve security problems and concerns."
About Remark Holdings,
Inc.
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated
suite of AI solutions that help organizations monitor, understand
and act on threats in real time. Remark consists of an
international team of sector experienced professionals that have
created award winning video analytics. The company's GDPR-compliant
and CCPA-compliant solutions focus on sectors including retail,
federal agencies, public safety, hospitality and transportation.
The company's headquarters are in Las
Vegas, Nevada, USA, with operational offices in New York and international offices in
London, England.
www.remarkholdings.com.
Forward-Looking
Statements
This press release may contain forward-looking statements,
including information relating to future events, future financial
performance, strategies, expectations, competitive environment, and
regulation. Words such as "may," "should," "could," "would,"
"predicts," "potential," "continue," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," and similar
expressions, as well as statements in the future tense, identify
forward-looking statements. These statements involve known and
unknown risks, uncertainties, and other factors, including those
discussed in Part I, Item 1A. Risk Factors in Remark Holdings'
Annual Report on Form 10-K and Remark Holdings' other filings with
the SEC. Any forward-looking statements reflect Remark Holdings'
current views with respect to future events, are based on
assumptions, and are subject to risks and uncertainties. Given such
uncertainties, you should not place undue reliance on any
forward-looking statements which represent Remark Holdings'
estimates and assumptions only as of the date hereof. Except as
required by law, Remark Holdings undertakes no obligation to update
or revise publicly any forward-looking statements after the date
hereof, whether as a result of new information, future events, or
otherwise.
Company Contacts
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
(+65) 8715-8007
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SOURCE Remark Holdings, Inc.