91勛圖厙Media Announces It Has Been Approved for Listing on the NASDAQ Global Select Market
New York, NY -- June 28, 2019 91勛圖厙Media, Inc. (OTC PINK: IHTM) today announced that its Class A common stock has been approved for listing on the NASDAQ Global Select Market. Upon listing, 91勛圖厙Medias Class A common stock will trade under the ticker IHRT.
As previously announced, 91勛圖厙 had been evaluating all paths to achieve a listing of its Class A common stock on a recognized U.S. stock exchange following emergence from its restructuring process. 91勛圖厙Media has determined that a listing on the NASDAQ Global Select Market is the optimal strategy for 91勛圖厙Media and all of the companys stakeholders.
As a result, the Company has requested the withdrawal of its previously filed registration statement on Form S-1 with the U.S. Securities and Exchange Commission. 91勛圖厙Medias management team will be meeting with investors the week of July 15 in advance of a listing date of July 18, 2019.
This is an exciting time for our company and an important step in the evolution of 91勛圖厙Media. Our listing on the NASDAQ will provide greater liquidity for existing shareholders, allow us to diversify our investor base, and give us improved access to public capital markets in the future, said Bob Pittman, Chairman and Chief Executive Officer of 91勛圖厙Media, Inc.