SharkNinja Announces Expected Listing Date on New York Stock Exchange of July 31, 2023
26 July 2023 - 9:00PM
Business Wire
SharkNinja, Inc. (“SharkNinja” or the “Company”) today announced
that it expects that trading of its ordinary shares on the New York
Stock Exchange will commence on Monday, July 31, 2023 under the
ticker symbol “SN.” SharkNinja executives will ring the opening
bell at the New York Stock Exchange on July 31, 2023, to mark the
milestone.
Under the terms of the previously announced separation and
distribution of SharkNinja from JS Global Lifestyle Company Limited
(Stock code: 1691.HK) (“JS Global”), shareholders who held JS
Global ordinary shares on July 4, 2023 (the “Record Date”) will
receive one SharkNinja ordinary share for every 25 ordinary shares
of JS Global held by such shareholder as of the Record Date.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission (the “SEC”) but
has not yet become effective. These securities may not be sold, nor
may offers to buy be accepted, prior to the time the registration
statement becomes effective. This announcement does not constitute
an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About SharkNinja
SharkNinja is a diversified, global product design and
technology company that creates 5-star rated lifestyle solutions
through innovative products for consumers around the world. The
Company seeks to leverage its global, agile and cross-functional
engineering know-how, product development and manufacturing
expertise along with solutions-driven marketing to increase the
efficiency, convenience and enjoyment of consumers’ daily tasks and
improve everyday lives. Powered by two trusted, global brands,
Shark and Ninja, the Company has a proven track record of bringing
disruptive products to market, and developing one consumer solution
after another has allowed SharkNinja to enter multiple product
categories, driving significant growth and market share gains. The
Company’s products are sold at key retailers, online and offline,
and through distributors around the world.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the applicable securities laws. All statements other
than statements of historical fact are forward-looking statements.
These statements include, but are not limited to, the Company's
expected listing on the New York Stock Exchange on July 31, 2023.
The words "believe," "may," "will," "estimate," "potential,"
"continue," "anticipate," "intend," "expect," "could," "would,"
"project," "plan," "target" and similar expressions are intended to
identify forward-looking statements. Forward-looking statements are
based on management's expectations, assumptions and projections
based on information available at the time the statements were
made. These forward-looking statements are subject to a number of
risks, uncertainties and assumptions, including risks and
uncertainties related to: the Company’s ability to maintain and
strengthen its brands to generate and maintain ongoing demand for
its products; the Company’s ability to commercialize a continuing
stream of new products and line extensions that create demand; the
Company’s ability to effectively manage its future growth; general
economic conditions and the level of discretionary consumer
spending; the Company’s ability to expand into additional consumer
markets; the Company’s ability to maintain product quality and
product performance at an acceptable cost; the Company’s ability to
compete with existing and new competitors in its markets; problems
with, or loss of, the Company’s supply chain or suppliers, or an
inability to obtain raw materials; the risks associated with doing
business globally; inflation, changes in the cost or availability
of raw materials, energy, transportation and other necessary
supplies and services; the Company’s ability to hire, integrate and
retain highly skilled personnel; the Company’s ability to maintain,
protect and enhance its intellectual property; the Company’s
ability to securely maintain consumer and other third-party data;
the Company’s ability to comply with ongoing regulatory
requirements; the increased expenses associated with being a public
company; the Company’s status as a “controlled company” within the
meaning of the rules of the New York Stock Exchange; and the
Company’s ability to achieve some or all of the anticipated
benefits of the separation and distribution from JS Global. It is
not possible for the Company's management to predict all risks, nor
can it assess the impact of all factors on its business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements the Company may make. In light of these
risks, uncertainties, and assumptions, the Company's actual results
could differ materially and adversely from those anticipated or
implied in the forward-looking statements. Further information on
risks that could cause actual results to differ materially from
forecasted results are included in the Company's filings with the
SEC including its Form F-1/A filed on July 20, 2023 with the SEC.
Except as required by law, the Company assumes no obligation to
update these forward-looking statements, or to update the reasons
if actual results differ materially from those anticipated in the
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230726564688/en/
Investor Relations: Arvind Bhatia, CFA VP, Investor Relations
IR@sharkninja.com Anna Kate Heller ICR SharkNinja@icrinc.com Media
Relations: Sarah McKinney VP, Corporate Communications
PR@sharkninja.com
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