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Movella Files Form 25 to Voluntarily Delist Its Securities From The Nasdaq Stock Market LLC

Movella Files Form 25 to Voluntarily Delist Its Securities From The Nasdaq Stock Market LLC

Movella提交25號表格,自願將其證券從納斯達克股票市場有限責任公司退市
GlobeNewswire ·  04/01 09:00

HENDERSON, Nev., April 01, 2024 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ: MVLA) ("Movella" or the "Company"), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced today that it filed a Form 25 with the Securities and Exchange Commission (the "SEC") to voluntarily delist its shares of common stock and warrants, each exercisable for one share of common stock at an exercise price of $11.50 per share (collectively, the "Securities") from trading on The Nasdaq Stock Market LLC ("Nasdaq") in connection with its previously announced plan to delist the Company's Securities from trading on Nasdaq.

內華達州亨德森,2024年4月1日(GLOBE NEWSWIRE)——能夠實現運動數字化的傳感器、軟件和分析的領先全棧提供商Movella Holdings Inc.(納斯達克股票代碼:MVLA)(“Movella” 或 “公司”)今天宣佈,它向美國證券交易委員會(“SEC”)提交了25號表格,自願將其普通股和股票退市認股權證,每份認股權證可在納斯達克股票市場有限責任公司(“納斯達克”)的交易中以每股11.50美元的行使價行使一股普通股(統稱爲 “證券”)與其先前宣佈的將公司證券從納斯達克退市的計劃有關。

The Company expects that trading will be suspended on April 2, 2024 prior to the market opening and that the delisting will occur ten days after the filing of Form 25. Following the delisting, any trading in the Securities would only occur in privately negotiated sales and potentially on an over‐the‐counter market. The Company expects to have its Securities quoted on a market operated by OTC Markets Group Inc. (the "OTC") around or after April 12th so that a trading market may continue to exist for the Securities. There is no assurance, however, that a broker will continue to make a market in the Securities or that trading thereof will continue on an OTC market or otherwise.

該公司預計,交易將在市場開盤前於2024年4月2日暫停,退市將在25號表格提交十天後進行。退市後,證券的任何交易都只能在私下協商的銷售中進行,並可能在場外市場上進行。該公司預計,其證券將在4月12日左右或之後在場外市場集團有限公司(“場外交易所”)運營的市場上市,這樣證券的交易市場就可以繼續存在。但是,無法保證經紀商會繼續開設證券市場,也無法保證證券交易將繼續在場外交易市場或其他市場上進行。

About Movella Holdings Inc.

關於 Movella Holdings Inc

Movella is a leading full-stack provider of sensors, software, and AI analytics that transforms movement data into lifelike animations and valuable, actionable insights. Our motion capture technology enables a wide array of innovative solutions in end markets including entertainment and gaming, health and sports, and automation and mobility. We bring meaning to movement for some of the most esteemed global brands including Electronic Arts, EPIC Games, 20th Century Studios, Netflix, BMW, Toyota, and Siemens. To learn more, please visit .

Movella 是傳感器、軟件和人工智能分析的領先全棧提供商,可將運動數據轉換爲逼真的動畫和有價值的、可操作的見解。我們的動作捕捉技術爲終端市場提供了廣泛的創新解決方案,包括娛樂和遊戲、健康和體育以及自動化和出行。我們爲一些最受尊敬的全球品牌賦予運動意義,包括藝電、EPIC Games、二十世紀工作室、Netflix、寶馬、豐田和西門子。要了解更多信息,請訪問。

Forward-Looking Statements

前瞻性陳述

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of Movella's management as of the date hereof. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "plan," "project," "seek," "should," "target," "will," "would," variations of such words, and similar expressions or the negative thereof, are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding: the anticipated timing of the suspension of trading and the delisting of the Company's Securities from Nasdaq, the potential trading of the Company's Securities after the delisting, the Company's expectations regarding quotation of the Securities on the OTC (including that a trading market may not continue to exist for the Securities on the OTC or otherwise) and anticipated timing thereof, and the timing of actions by Nasdaq or the OTC, including with respect to the suspension of trading and delisting of the Securities or any quotation thereof on the OTC. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including, but not limited to, the risks disclosed in Movella's SEC filings, including Movella's annual report on Form 10-K, quarterly reports on Form 10-Q, and subsequent filings made by Movella with the SEC. Further, if any of the assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the results expressed or implied by these forward-looking statements. There may be additional risks that the Company presently knows or currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. These forward-looking statements speak only as of the date on which they are made. Except as required by law, Movella undertakes no obligation to update or revise any forward-looking statements.

本新聞稿包含1995年《私人證券訴訟改革法》所指的前瞻性陳述。這些陳述反映了截至本文發佈之日Movella管理層的信念和假設。諸如 “預期”、“相信”、“繼續”、“可能”、“估計”、“期望”、“預測”、“目標”、“打算”、“可能”、“計劃”、“項目”、“尋求”、“應該”、“目標”、“將”、“將” 等詞語以及類似表述或否定詞語旨在識別前瞻性陳述。這些前瞻性陳述包括但不限於以下方面的陳述:公司證券暫停交易和從納斯達克退市的預期時間、退市後公司證券的潛在交易、公司對場外交易證券報價(包括場外交易或其他證券的交易市場可能不會繼續存在)的預期,以及納斯達克或納斯達克採取行動的時機 OTC,包括與暫停有關的場外交易證券的交易和退市或其在場外交易上的任何報價。這些前瞻性陳述存在風險和不確定性,可能導致實際業績與前瞻性陳述所表達或暗示的結果存在重大差異,包括但不限於Movella在美國證券交易委員會文件中披露的風險,包括Movella的10-K表年度報告、10-Q表的季度報告以及Movella隨後向美國證券交易委員會提交的文件。此外,如果前瞻性陳述所依據的任何假設被證明不正確,則實際結果可能與這些前瞻性陳述所表達或暗示的結果存在重大差異。公司目前知道或目前認爲不重要的其他風險也可能導致實際業績與前瞻性陳述中包含的結果有所不同。這些前瞻性陳述僅代表其發表之日。除非法律要求,否則Movella沒有義務更新或修改任何前瞻性陳述。

Media

媒體

media@movella.com

media@movella.com

Investors

投資者

investors@movella.com

investors@movella.com

(725) 238-5682

(725) 238-5682


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