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GWG Holdings, Inc. (GWGH)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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6.80-0.02 (-0.29%)
As of 11:08AM EDT. Market open.
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Neutralpattern detected
Previous Close6.82
Open6.77
Bid6.76 x 800
Ask6.85 x 1000
Day's Range6.77 - 6.91
52 Week Range6.50 - 9.99
Volume4,536
Avg. Volume28,610
Market Cap225.044M
Beta (5Y Monthly)-0.35
PE Ratio (TTM)8.60
EPS (TTM)0.79
Earnings DateNov 23, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GWG Holdings Receives Nasdaq Notification of Non-Compliance With Listing Rule 5250(c)(1)
    GlobeNewswire

    GWG Holdings Receives Nasdaq Notification of Non-Compliance With Listing Rule 5250(c)(1)

    DALLAS, April 22, 2021 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH) today announced that it received a letter (the Letter) from the Listing Qualifications Department of the Nasdaq Stock Market (Nasdaq) notifying the company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (the Form 10-K). The Letter has no immediate effect on the listing or trading of GWGH’s common stock on the Nasdaq Capital Market. The Letter states that the company is required to submit a plan to regain compliance with Rule 5250(c)(1) within 60 calendar days from the date of the Letter. If the plan is accepted by Nasdaq, then Nasdaq can grant the company up to 180 calendar days from the due date of the Form 10-K to regain compliance. GWGH anticipates that it will file its Form 10-K prior to the 60-day deadline and thereby regain compliance with the Nasdaq continued listing requirements. About GWG Holdings, Inc. GWG Holdings, Inc. (Nasdaq: GWGH) is an innovative financial services firm based in Dallas that is a leader in providing unique liquidity solutions and services for the owners of illiquid investments. Through its subsidiaries, The Beneficient Company Group, L.P. and GWG Life, LLC, GWGH owns and manages a diverse portfolio of alternative assets that, as of September 30, 2020, included $1.9 billion in life insurance policy benefits, and exposure to a diversified and growing loan portfolio secured by 122 professionally managed alternative investment funds. For more information about GWG Holdings, email info@gwgh.com or visit www.gwgh.com. For more information about Beneficient, email askben@beneficient.com or visit www.trustben.com. The information on GWG Holdings’ and Beneficient’s websites is not a part of, or incorporated by reference in, this press release. Cautionary Statement Regarding Forward-Looking Statements This press release contains statements that are 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, as amended. We intend these forward-looking statements to be covered by the safe harbor provisions for such statements. All statements that do not concern historical facts are forward-looking statements. The words “believe,” “could,” “possibly,” “probably,” “anticipate,” “estimate,” “project,” “expect,” “may,” “will,” “should,” “seek,” “intend,” “plan,” “expect,” or “consider” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from such statements, including, but not limited to the risk that we may not be able to file the Form 10-K within the currently expected timeframe, risks that we may not regain compliance with Nasdaq continued listing requirements within the applicable grace period, as well as the other risks set forth in our filings with the Securities and Exchange Commission. These forward-looking statements should be considered in light of these risks and uncertainties. We base forward-looking statements on information currently available to us at the time of this press release and undertake no obligation to update or revise any forward-looking statements, whether as a result of changes in underlying circumstances, new information, future events or otherwise. Media Contact:Dan CallahanDirector of CommunicationGWG Holdings, Inc.(612) 787-5744dcallahan@gwgh.com

  • ACCESSWIRE

    Kaskela Law LLC Announces Investigation of GWG Holdings, Inc. (GWGH) and Encourages Stockholders to Contact the Firm

    PHILADELPHIA, PA / ACCESSWIRE / March 23, 2021 / Kaskela Law LLC announces that it is investigating GWG Holdings, Inc. ("GWG") (NASDAQ:GWGH) on behalf of the company's shareholders.

  • GWG Holdings Announces Record and Meeting Dates for Combined 2020/2021 Annual Meeting
    GlobeNewswire

    GWG Holdings Announces Record and Meeting Dates for Combined 2020/2021 Annual Meeting

    DALLAS, March 19, 2021 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH) today announced that it will hold a combined 2020/2021 Annual Meeting of Stockholders on Friday, May 28, 2021. The time and place for the 2020/2021 Annual Meeting will be specified in the company’s proxy materials for the 2020/2021 Annual Meeting, which will be distributed to stockholders in advance of the meeting. Stockholders of record on March 31, 2021, the record date for the 2020/2021 Annual Meeting, will be entitled to notice of, and to vote at, the 2020/2021 Annual Meeting or any adjournments thereof. Among other proposals, stockholders will vote upon the election of GWGH’s Class II directors and Class III directors at the 2020/2021 Annual Meeting. Proposals by stockholders that are submitted for inclusion in the proxy statement for the 2020/2021 Annual Meeting must follow the procedures set forth in Rule 14a-8 under the Securities Exchange Act of 1934, as amended, and GWGH’s bylaws. In accordance with Rule 14a-8, proposals to be considered for inclusion in the proxy statement for the 2020/2021 Annual Meeting pursuant to Rule 14a-8 must be received by GWGH at its principal executive offices on or before March 29, 2021. Under GWGH’s bylaws, if a stockholder does not submit a proposal for inclusion in the proxy statement for the 2020/2021 Annual Meeting but does wish to propose an item of business to be considered at the 2020/2021 Annual Meeting (including director nominations), that stockholder must deliver notice of the proposal or proposed director’s name at GWGH’s principal executive offices on or before March 29, 2021. Notices of such stockholder proposals and stockholder nominations for directors are required to comply with the informational and other requirements set forth in GWGH’s bylaws as well as applicable statutes and regulations. About GWG Holdings, Inc. GWG Holdings, Inc. (Nasdaq: GWGH) is an innovative financial services firm based in Dallas, Texas that is a leader in providing unique liquidity solutions and services for the owners of illiquid investments. Through its subsidiaries, The Beneficient Company Group, L.P. and GWG Life, LLC, GWGH owns and manages a diverse portfolio of alternative assets that, as of September 30, 2020, included $1.9 billion in life insurance policy benefits, and exposure to a diversified and growing loan portfolio secured by 122 professionally managed alternative investment funds. For more information about GWG Holdings, email info@gwgh.com or visit www.gwgh.com. For more information about Beneficient, email askben@beneficient.com or visit www.trustben.com. The information on GWG Holdings’ and Beneficient’s websites is not a part of, or incorporated by reference in, this press release. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding our plans, strategy, future operations, future financial position, future revenue, projected costs, prospects, plans and objectives of management are forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,” “may,” “plan,” “would,” “target” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the expectations disclosed in the forward-looking statements that we make. We do not intend, and undertake no duty, to release publicly any updates or revisions to any forward-looking statements contained herein. Media Contact:Dan CallahanDirector of CommunicationGWG Holdings, Inc.(612) 787-5744dcallahan@gwgh.com