Endo Announces Effectiveness of Form S-1 Registration Statement for Existing Shares
Rhea-AI Summary
Endo, Inc. (OTCQX: NDOI) announced that the SEC has declared effective its Form S-1 registration statement for the resale of existing shares held by current shareholders. This move aims to enhance shareholder liquidity and create an orderly trading market for its common stock. Importantly, no new shares are being issued or sold, and the number of outstanding shares remains unchanged.
The company is now subject to the Securities Exchange Act of 1934, requiring regular SEC filings. Endo is targeting to list on the NYSE later in 2024, subject to approvals and conditions. Currently, Endo's shares trade on the OTCQX® Best Market, with financial disclosures and trading statistics available on www.otcmarkets.com.
Positive
- Registration statement effectiveness may improve stock liquidity
- Potential NYSE listing in 2024 could increase visibility and trading volume
- No dilution to existing shareholders as no new shares are being issued
Negative
- None.
News Market Reaction – NDOI
On the day this news was published, NDOI declined 1.10%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
As previously announced, Endo is neither issuing nor selling new shares of its common stock in connection with the Registration Statement, and there will be no change to the number of outstanding shares. The Company is now subject to the Securities Exchange Act of 1934, requiring it to, among other things, file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K with the SEC on an ongoing basis.
Endo, which is focused on creating long-term value for stakeholders through a diversified portfolio of on-market medicines and a pipeline of innovative and differentiated product candidates, is targeting to have the Company's shares of common stock begin trading on the New York Stock Exchange (NYSE) later in 2024, subject to required approvals and other customary conditions.
Shares of Endo's common stock currently trade on the OTCQX® Best Market. U.S. investors can find current financial disclosure and trading statistics, including Real-Time Level 2 quotes, for Endo on www.otcmarkets.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations of offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
About Endo
Endo is a diversified specialty pharmaceutical company boldly transforming insights into life-enhancing therapies. Our passionate team members collaborate to develop and deliver these essential medicines. Together, we are committed to helping everyone we serve live their best life. Learn more at www.endo.com or connect with us on LinkedIn.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements including, but not limited to, any statements related to the listing, uplisting or trading of the Company's equity on NYSE, including the timing and outcome of the NYSE's review, the Company's products, therapies and pipeline, and any statements that refer to expected, estimated or anticipated future results or that do not relate solely to historical facts. Statements including words such as "believes," "expects," "anticipates," "intends," "estimates," "plan," "will," "may," "look forward," "intends," "guidance," "future," "potential" or similar expressions are forward-looking statements. Because these statements reflect Endo's current views, expectations and beliefs concerning future events, they involve risks and uncertainties, some of which Endo may not currently be able to predict. Although Endo believes that these forward-looking statements and other information are based upon reasonable assumptions and expectations, readers should not place undue reliance on these or any other forward-looking statements and information. Actual results may differ materially and adversely from current expectations based on a number of factors. Endo assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required under applicable securities laws. Additional information concerning risk factors, including those referenced above, can be found in press releases issued by Endo and in Endo's public filings with the
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SOURCE Endo, Inc.
FAQ
What is the purpose of Endo's Form S-1 registration statement?
Is Endo (NDOI) issuing new shares with this registration statement?
When does Endo (NDOI) plan to list on the New York Stock Exchange?
Where are Endo's (NDOI) shares currently traded?
