Assure Approved for Listing on NASDAQ Capital Market Under New Symbol “IONM”
September 24 2021 - 8:30AM
Assure Holdings Corp. (the “
Company” or
“
Assure”) (TSXV: IOM; OTCQB: ARHH; OTCQB: ARHHD*),
a provider of intraoperative neuromonitoring services
(“
IONM”), announced that its shares of common
stock were approved for listing on the NASDAQ Capital Market
(“
NASDAQ”). Trading on NASDAQ is scheduled to
commence on September 29, 2021, under the ticker symbol “IONM.”
The Company’s common stock will continue to trade on the OTCQB®
Venture Market, operated by OTC Markets Group, until trading
commences on NASDAQ. The Company will also retain its listing on
the TSX Venture Exchange under the ticker symbol “IOM.”
John A. Farlinger, Assure’s executive chairman
and CEO, said, “Our listing on NASDAQ represents a significant
milestone for Assure. We believe that a NASDAQ listing increases
Assure’s visibility in the industry. In addition, the listing is
expected to provide increased liquidity to our investors, improve
our access to capital and enhance the value of our common stock for
future M&A transactions.”
Farlinger continued, “This is an exciting time for Assure. While
continuing to deliver exceptional clinical care, we have made
progress expanding our operational and geographic platform,
increasing our procedure volume and developing robust systems to
manage our revenue and collection cycle.”
* The Company’s OTCQB trading symbol
was designated with a “D” (ARHHD) for 20 trading days to indicate a
reverse stock split effected on September 8, 2021.
About Assure HoldingsAssure Holdings Corp. is a
Colorado-based company that works with neurosurgeons and orthopedic
spine surgeons to provide a turnkey suite of services that support
intraoperative neuromonitoring activities during invasive
surgeries. Assure employs its own staff of technologists and uses
its own state-of-the-art monitoring equipment, handles 100% of
intraoperative neuromonitoring scheduling and setup, and bills for
all technical services provided. Assure Neuromonitoring is
recognized as providing the highest level of patient care in the
industry and has earned the Joint Commission’s Gold Seal of
Approval®. For more information, visit the Company’s website
at www.assureneuromonitoring.com.
Forward-Looking Statements This news release
may contain “forward-looking statements” within the meaning of
applicable securities laws, including, but not limited to: the
Company’s execution of its key corporate objectives; the Company’s
scheduled listing date on the NASDAQ Capital Market; the benefits
of listing of Assure’s common stock on NASDAQ Capital Market; the
increased visibility and awareness created by a listing on a
national exchange; the potential increase in liquidity; the
improved profile for future M&A transactions and other
estimates and anticipated results. Forward-looking statements may
generally be identified by the use of the words “scheduled”,
“believes”, "increase," "expects," "potential," or "continue" and
variations or similar expressions. These statements are based upon
the current expectations, beliefs and projections of management and
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. These risks and uncertainties include,
but are not limited to: the uncertainty surrounding the spread of
COVID-19, rising COVID-19 cases, restrictions on elective surgeries
due to hospital capacity and staff shortages, government mandates
due to COVID-19 and other adverse consequences arising out of the
pandemic; the Company’s ability to successfully expand or implement
its acquisition strategies; the Company’s management of revenue and
collection cycles; ability to collect past due accounts receivable;
the Company may not be able to execute on this key corporate
objectives; uncertainties related to market conditions; the impact
of legislative changes, healthcare reform, economic activity in
general could have on the Company’s operations and financial
results of operations; transactions contemplated by the Company in
connection with its capital markets transactions, expansion or
growth opportunities; and the risks and uncertainties discussed in
our most recent annual and quarterly reports filed with the
Canadian securities regulators and available on the Company’s
profile on SEDAR at www.sedar.com and with the United States
Securities and Exchange Commission and available at www.sec.gov.
Readers are cautioned not to place undue reliance on
forward-looking statements. Except as required by law, Assure does
not intend, and undertakes no obligation, to update any
forward-looking statements to reflect, in particular, new
information or future events.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Contact
Scott Kozak, Investor and Media RelationsAssure Holdings
Corp.1-720-287-3093Scott.Kozak@assureiom.com
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