Regis Announces Listing Transfer to The Nasdaq Stock Market LLC
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The decision by Regis Corporation to switch its stock exchange listing from NYSE to Nasdaq is a strategic move that may be interpreted in various ways by market participants. From a financial perspective, companies often transition to Nasdaq due to lower listing fees and a reputation for housing more technology and growth-oriented firms. This could signal Regis Corporation's intention to align itself with a more tech-savvy and innovative market segment.
Moreover, this move could potentially lead to cost savings in terms of listing fees, which may have a slight positive impact on the company's financials. However, the immediate financial implications are typically minimal, as the change in exchange does not affect the company's operations or cash flow directly. Investors should monitor the stock's liquidity and market perception post-transfer, as these factors can influence stock performance.
It is also worth noting that this transition does not inherently affect the company's fundamental value. The retention of the 'RGS' ticker symbol ensures continuity for current investors and minimizes confusion. The company's expectation to be in full compliance with Nasdaq's continued listing requirements suggests confidence in its ability to maintain the standards set by the exchange, which may be viewed positively by stakeholders.
Regis Corporation's move to Nasdaq could be part of a broader trend where companies seek to benefit from Nasdaq's image as a more modern and innovative exchange. This perception is particularly important in the haircare industry, which is increasingly influenced by technology and digital marketing. The shift may enhance the company's visibility among investors who favor growth-oriented stocks typically associated with Nasdaq.
It's important for stakeholders to consider the potential changes in the investor base that this move might attract. Nasdaq's global recognition and its association with dynamic sectors could draw in new investors interested in companies that demonstrate a forward-thinking approach. Additionally, the listing on Nasdaq might provide better exposure to sector-specific analysts and investors, potentially increasing trading volumes and reducing bid-ask spreads over time.
The long-term impact of this transition will depend on how the company leverages the strategic advantages of being listed on Nasdaq. If Regis Corporation can capitalize on the branding and networking opportunities provided by Nasdaq, it may see improved market performance and investor relations.
Once the listing transfer to Nasdaq is complete, the Company expects that it will be in full compliance with Nasdaq continued listing requirements and the continued listing requirements of the NYSE will no longer apply.
About Regis Corporation
Regis Corporation (NYSE:RGS) is a leader in the haircare industry. As of September 30, 2023, the Company franchised or owned 4,811 locations. Regis’ franchised and corporate locations operate under concepts such as Supercuts®, SmartStyle®, Cost Cutters®, Roosters® and First Choice Haircutters®. For additional information about the Company, including a reconciliation of certain non-GAAP financial information and certain supplemental financial information, please visit the Investor Relations section of the corporate website at www.regiscorp.com.
This release contains or may contain “forward-looking statements” within the meaning of the federal securities laws, including statements concerning anticipated future events and expectations that are not historical facts. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in this document reflect management’s best judgment at the time they are made, but all such statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those expressed in or implied by the statements herein. Such forward-looking statements are often identified herein by use of words including, but not limited to, “may,” “believe,” “project,” “forecast,” “expect,” “estimate,” “anticipate,” “intend,” “looks forward to” and “plan.” In addition, the following factors could affect the Company’s actual results and cause such results to differ materially from those expressed in forward-looking statements. These factors include our ability to comply with applicable national stock exchange listing requirements, potential timing and outcomes of suspension and delisting procedures and future trading or quotation of our common stock, and other potential factors that could affect future financial and operating results as set forth under Item 1A of our Form 10-K. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. However, your attention is directed to any further disclosures made in our subsequent annual and periodic reports filed or furnished with the Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K and Proxy Statements on Schedule 14A.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231229365202/en/
REGIS CORPORATION:
Kersten Zupfer
investorrelations@regiscorp.com
Source: Regis Corporation
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