Youngevity International Inc (OTCMKTS: YGYID) announced some big news today! The company has been approved for listing on the NASDAQ. We've covered this stock in great detail and are overwhelmingly excited to hear the news. Here's what we know so far...
YGYID Approved For Listing On The NASDAQ
As mentioned above, Youngevity International announced this morning that the company has been approved to be listed on the NASDAQ Capital Market. As a result of this approval, the stock will start trading on the NASDAQ on Wednesday, June 21, 2017. The ticker symbol on the stock will be “YGYID” In a statement, Steve Wallach, Co-Founder and CEO of YGYID, had the following to offer...
“Youngevity's listing on The NASDAQ Capital Market is a major corporate milestone and a source of great pride for the Youngevity family of employees, distributors, executives and supporters that have contributed to this moment. What enhances the sense of price and accomplishment is that Youngevity attains this listing by executing and delivering on our business plan and our priority to grow shareholder value with minimal dilution. We are happy to say that meeting NASDAQ's requirements is a culmination of the dedication and hard work of so many throughout the Youngevity family.”
The above statement was followed up by Dave Briskie, President and CFO at YGYID. Here's what he had to say...
“I am thrilled to announce our uplisting to The NASDAQ Capital Market. From the beginning we approached this goal to up-list as a marathon and not a sprint. This allowed us to organically meet and satisfy the exchange's requirements as we grew our business... We view this event as a major cornerstone of our corporate foundation to build upon as we continue to grow Youngevity's brand and culture. We believe listing on NASDAQ increases our visibility and appeal to institutional investors, will provide increased liquidity to a larger universe of investors and ultimately contribute shareholder value.”
For more information on YGYID, feel free to browse our recent coverage of the stock!
What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on YGYID. In particular, we're interested in following the institutional interest following the NASDAQ listing, the work the company is doing in the world of coffee, and more. Stay tuned! We'll be following the stock closely and bringing the news to you as it breaks!
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