Beijing, June 30, 2023 /PRNewswire/ — Baijiayun Group Ltd (“Baijiayun” or the “Company”) (Nasdaq: RTC), a one-stop AI video solutions provider, announced that its Class A Common Stock will be transferred from the Nasdaq Capital Market to the Equity Market. bottom.Effective upon opening of Nasdaq Global Markets June 30, 2023. The shares will continue to trade under the current ticker symbol ‘RTC’. The financial and liquidity requirements of the Nasdaq Global Markets are more stringent than those of the Nasdaq Capital Markets.
The Nasdaq Stock Market (“Nasdaq”) has three distinct tiers: The Nasdaq Global Select Markets®, The Nasdaq Global Markets®, and The Nasdaq Capital Markets®. Applicants must meet certain financial, liquidity and corporate governance requirements in order to be approved for listing on these market tiers. Corporate governance requirements are the same for all tiers of the Nasdaq market.
Of the 3,300 companies listed on the Nasdaq, approximately 1,450 or 44% are eligible to participate in the Nasdaq Global Market. Inclusion in this tier is a testament to a qualified company’s track record and status, and demonstrates the company’s dedication to providing superior market quality to its investors.
“We are delighted to join the ranks of companies listed on the Nasdaq Global Market. We look forward to increasing awareness among our investors.” Baijiayun Chairman and CEO of his Gangjiang Li.
About Baijiayun Group Ltd.
Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to providing reliable, high-quality video experiences across different devices and regions, and has grown rapidly since its establishment in 2017. On the premise of industry-leading video-centric technology, Baijiayun provides rich video-centric technology solutions including video. SaaS/PaaS, video cloud and software, video AI and system solutions. Baijiayun meets the evolving communication and collaboration needs of businesses of all sizes and industries.
Safe Harbor Statement
This press release contains certain “forward-looking statements.” These statements are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about a party’s perspectives and expectations, are forward-looking statements. The words “intend”, “expect”, “believe”, “estimate”, “intend”, “plan” and similar expressions identify forward-looking statements.
Such forward-looking statements are inherently uncertain and shareholders and other potential investors recognize that actual results may differ materially from those projected as a result of a variety of factors. is needed. Such forward-looking statements are based on management’s current expectations and involve known and unknown risks, uncertainties and other factors, many of which are difficult to predict or control. actual results, performance and plans may differ materially from expectations. any future results, performance or plans expressed or implied by such forward-looking statements; The forward-looking information provided herein represents our expectations as of the date of this press release and subsequent events or developments may cause our expectations to change.
We specifically disclaim any obligation to update any forward-looking information. Accordingly, this forward-looking information should not be relied upon as a prediction of our future financial performance on any date after the date of this press release.
A detailed list and description of the risks and uncertainties is set forth in documents that we have filed or may file with the U.S. Securities and Exchange Commission, and that you should read carefully. It is recommended that If one or more of these risks or uncertainties materializes or the underlying assumptions prove incorrect, actual results may not be indicated or projected by such forward-looking statements. results may differ significantly from those shown. Therefore, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date they are made, and we do not assume the We undertake no obligation to update forward-looking statements to reflect circumstances.
Investor/Media Contact:
Crocker Coulson
Ohm Media Co., Ltd. President
(646) 652 7185
[email protected]
Company contact:
Yonghwan
Hyakukaun Group Co., Ltd. CFO
(267) 939 5080
[email protected]
Source Bai Jiayun Group Co., Ltd.
