Vislink Announces Delisting from Nasdaq and Potential SEC Deregistration

Core Viewpoint - Vislink Technologies, Inc. has announced its intention to voluntarily delist its common stock from the Nasdaq Capital Market, citing the lack of an active trading market and the associated regulatory burdens as key reasons for this decision [1][2]. Group 1: Delisting Announcement - The company plans to file a Form 25 with the SEC and Nasdaq around February 10, 2025, with the delisting becoming effective 10 days after the filing [1]. - The Board of Directors determined that delisting is in the best interest of the company and its shareholders after reviewing various factors [2]. Group 2: Future Trading and Market Presence - Post-delisting, the company expects its common stock to be quoted for trading on a market operated by the OTC Markets Group Inc., although there is no guarantee that a broker will maintain a market for the common stock [3]. Group 3: Management Perspective - The CEO of Vislink stated that the delisting will allow the company to save significant time and resources, enabling a greater focus on product development and customer acquisition to enhance long-term shareholder value [4]. Group 4: Company Background - Vislink Technologies specializes in capturing, delivering, and managing high-quality live video and associated data, with over 50 years of experience in video communications [5].