Coherent Corp. Moves to the NYSE
February 08 2023 - 6:00AM
Coherent Corp. (Nasdaq: COHR) (“Coherent,” “We,” or the “Company”),
a global leader in materials, networking, and lasers, today
announced that it is transferring the listing of its common stock
and its 6.00% Series A Mandatory Convertible Preferred Stock to the
New York Stock Exchange (the “NYSE”) from The Nasdaq Stock Market
LLC (“Nasdaq”).
The Company expects that its common stock and 6.00% Series A
Mandatory Convertible Preferred Stock will cease trading on Nasdaq
at the close of trading on Wednesday, February 22, 2023. The
Company expects that its common stock and 6.00% Series A Mandatory
Convertible Preferred Stock will begin trading on the NYSE on
Thursday, February 23, 2023, under the ticker symbols of “COHR” and
“IIVI”, respectively.
“It is exciting for us at Coherent to join the NYSE, one of the
world’s most prestigious trading platforms. Our company has
undergone a tremendous period of transformation, and this move is
part of that,” said Dr. Vincent D. Mattera, Jr., Chair and CEO. “We
look forward to a fruitful relationship as our company continues to
grow and we deliver greater shareholder value, and we thank the
Nasdaq for their support since our IPO in 1987.”
Forward-looking Statements
This press release contains forward-looking statements relating
to future events and expectations that are based on certain
assumptions and contingencies, including statements regarding the
Company’s continued growth and the delivery of greater shareholder
value. The forward-looking statements are made pursuant to the safe
harbor provisions of the U.S. Private Securities Litigation Reform
Act of 1995 and relate to the dates on which trading of the
Company’s common stock and Series A Mandatory Convertible Preferred
Stock are expected to cease on Nasdaq and commence on the NYSE. The
forward-looking statements in this press release involve risks and
uncertainties, which could cause actual results, performance, or
trends to differ materially from those expressed in the
forward-looking statements herein or in previous disclosures.
The Company believes that all forward-looking statements made by
it in this press release have a reasonable basis, but there can be
no assurance that management’s expectations, beliefs, or
projections as expressed in the forward-looking statements will
actually occur or prove to be correct. In addition to general
industry and global economic conditions, factors that could cause
actual results to differ materially from those discussed in the
forward-looking statements in this press release include but are
not limited to: (i) the failure of any one or more of the
assumptions stated herein to prove to be correct; and (ii) the
risks relating to forward-looking statements and other “Risk
Factors” discussed in the Company’s Annual Report on Form 10-K for
the fiscal year ended June 30, 2022, and additional risk factors
that may be identified from time to time in filings of the Company.
The Company disclaims any obligation to update information
contained in these forward-looking statements, whether as a result
of new information, future events or developments, or
otherwise.
About Coherent
Coherent empowers market innovators to define the future through
breakthrough technologies, from materials to systems. We deliver
innovations that resonate with our customers in diversified
applications for the industrial, communications, electronics, and
instrumentation markets. Headquartered in Saxonburg, Pennsylvania,
Coherent has research and development, manufacturing, sales,
service, and distribution facilities worldwide. For more
information, please visit us at coherent.com.
Contact
Mary Jane RaymondTreasurer and Chief Financial
Officerinvestor.relations@coherent.comcoherent.com/company/investor-relations
Coherent (NYSE:COHR)
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