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Las Vegas, NV, May 03, 2022 (GLOBE NEWSWIRE) -- (via Blockchain Wire) As another significant step along the way to uplisting, Fernhill Corp (OTC:FERN) has received notification from NASDAQ’s symbol reservation department stating, "Your request to reserve the ticker symbol 'FERN', for Fernhill Corp., Inc. has been approved and will be reserved for you for twenty four months from the date of the reservation 02 May 2024. Nasdaq is committed to supporting our global network of companies throughout all their life stages - before, during and after the Listing."
All securities listed on either the New York Stock Exchange, the American Stock Exchange, or the NASDAQ system are identified by a unique stock symbol or ticker symbol. The stock ticker symbol appears on the “ticker tape” that scrolls across the bottom of most financial news programs whenever the stock is traded.
Chris Kern, Chairman, stated: "Getting a symbol reserved for trading on a senior exchange is a very big milestone for Fernhill. The fact that we were able to secure our symbol so quickly for Nasdaq is another great step towards our uplisting objective for this year. We will continue to work towards meeting the listing standards for corporate governance and other requirements knowing that we now have our symbol reservation approved.
Earlier this week Fernhill formally submitted an application the NASDAQ Capital Market Exchange. The application has been logged and an analyst will be assigned to assist the Company throughout the listing process.
Fernhill will continue to submit additional information and documentation as is required based on comments it receives from the Listing Analyst and others who will be assisting the Company, assuring that they satisfy all the required qualifications for NASDAQ Capital Markets securities in Rule 4300 and/or any other applicable regulatory requirements. Fernhill will also need to adhere to the corporate governance standards set by NASDAQ. In addition, Fernhill must comply with various listing requirements relating to audit committees, the director nomination’s process, the compensation of officers, board composition, executive sessions, quorum, and code of conduct among others.
Fernhill will continue to trade on the OTC Markets under the symbol (OTC:FERN) throughout the process and will remain trading with that symbol after our uplisting to a senior exchange.
Fernhill Corp is a Web3 holding company focused on developing and acquiring companies in crypto currency mining, digital asset trading, NFTs, DeFi and the Metaverse that form the foundation of the tokenized economy. Fernhill is Signatory Member of the Crypto Climate Accord (CCA).
For all official Fernhill corporate information, please refer to our filings, news and updates on the following resources:
Any other links are not official & should be taken as such nor have anything to do with Fernhill Corp or its subsidiaries.
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Forward-Looking Statements: This release includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute 'forward-looking statements.' Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words 'estimate', 'project', 'intend', 'forecast', 'anticipate', 'plan', 'planning', 'expect', 'believe', 'will likely', 'should', 'could', 'would', 'may' or words or expressions of similar meaning. Such statements are not guaranteeing of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced vendors, services or components, and various other factors beyond the Company's control.
CONTACT: Fernhill Corp 775-400-1180 info (at) fernhillcorp.com