LOS ANGELES – August 14, 2017 – YayYo, Inc., today announced that the Company has filed an application to list its common stock on the NASDAQ Capital Market.
YayYo, Inc was qualified as a public company by the Securities and Exchange Commission, as of March 17, 2017, under Regulation A+.
NASDAQ has reserve the ticker symbol (YAYO) for the company.
The NASDAQ listing application is subject to review and approval by NASDAQ’s Listing Qualifications Department to ensure compliance with all NASDAQ Capital Market standards. YayYo anticipates the NASDAQ review process to last at least two months before completion. While the Company intends to satisfy all of NASDAQ’s requirements for initial listing, no assurance can be given that its application will be approved.
“We believe that elevating the listing of our common stock to the NASDAQ Capital Market will be an important step forward in our mission of enhancing shareholder value, the NASDAQ listing should enable us to give trading liquidity of our stock, broaden our shareholder base, and raise our profile in the investment community,” said Ramy El-Batrawi CEO.
The Company has also arranged the filing of a 15c-211 application with the Financial Industry Regulatory Authority (FINRA) for a U.S. listing, and its shares to be quoted on the OTC Markets as a backup to the NASDAQ filing.
This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward-looking statements. We have identified forward-looking statements by using words such as “expect,” “believe,” and “should.” Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company’s Form SEC filings.
The Company was also recently qualified by the Securities and Exchange Commission for a Regulation A+ Initial Public Offering to raise gross proceeds of $50 million. Interested investors can purchase shares directly at http://www.YayYoIpo.com.