GWG Holdings Announces Successful Resolution of Nasdaq Delisting Notification
07 September 2021 - 11:00PM
GWG Holdings, Inc. (Nasdaq: GWGH) today announced that it has
successfully appealed a notice of delisting by the Listing
Qualifications Department of the Nasdaq Stock Market. As a result,
GWGH will continue to be traded on Nasdaq with the qualification
that the company file current financial statements through June 30,
2021 by October 31, 2021, and hold its 2020/2021 annual meeting by
December 31, 2021.
“We are grateful to Nasdaq for its careful consideration of our
appeal and are confident we will be able to meet the deadlines it
set for us. This will allow us to continue our focus on our
business strategy and what we believe are exciting opportunities
ahead,” said Murray Holland, GWGH’s Chief Executive Officer.
About GWG Holdings, Inc.
(GWG)GWG Holdings, Inc. (Nasdaq: GWGH) is an
innovative financial services firm based in Dallas that is a leader
in providing investors with secondary market solutions. Through its
subsidiaries, The Beneficient Company Group,
L.P. and GWG Life, LLC, GWGH owns and manages a
diverse portfolio of alternative assets that, as of
September 30, 2020, includes $1.9 billion in life insurance
policy benefits, and exposure to a diversified and growing loan
portfolio secured by 122 professionally managed alternative
investment funds.
Cautionary Statement Regarding
Forward-Looking StatementsThis press release contains
forward-looking statements that involve substantial risks and
uncertainties. All statements, other than statements of historical
facts, included in this press release regarding our strategy,
future operations, future financial position, future revenue,
projected costs, prospects, plans and objectives of management are
forward-looking statements. The words "anticipate," "believe,"
"estimate," "expect," "intend," "may," "plan," "would," "target"
and similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
these identifying words. These forward-looking statements include,
among other things, statements about our anticipated timeframe for
filing our Annual Report on Form 10-K for the year
ended December 31, 2018 . We may not actually achieve the
expectations disclosed in our forward-looking statements, and you
should not place undue reliance on our forward-looking statements.
Actual results or events could differ materially from the
expectations disclosed in the forward-looking statements we make.
More information about potential factors that could affect our
business and financial results is contained in our filings with
the Securities and Exchange Commission. Additional information
will also be set forth in our future quarterly reports on Form
10-Q, annual reports on Form 10-K and other filings that we make
with the Securities and Exchange Commission. We do not intend,
and undertake no duty, to release publicly any updates or revisions
to any forward-looking statements contained herein.
Contact:For GWG
Holdings Dan Callahan(612) 746-1935
GWG (NASDAQ:GWGH)
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