BERLIN, Feb. 11, 2022 /PRNewswire/ -- Spark Networks SE
(NYSE American: LOV), a leader in social dating platforms for
meaningful relationships focusing on the 40+ demographic and
faith-based affiliations, including Zoosk, SilverSingles,
EliteSingles, Christian Mingle, and
Jdate, today announced that it will transfer its stock exchange
listing from the NYSE American to the Nasdaq Capital Market
("Nasdaq"). The Company expects that its American Depository Shares
(ADSs) will commence trading on Nasdaq on February 15, 2022, and will continue to be listed
under the ticker symbol "LOV."
"We're excited to announce the transfer of our stock exchange
listing to the Nasdaq Capital Market," said David Clark, CFO of Spark Networks. "Nasdaq's
focus on growth-oriented technology companies aligns well with our
Company and strategy, and we look forward to communicating our plan
to drive sustainable revenue growth and build long-term value for
our shareholders as a Nasdaq-listed company."
"We are excited to welcome Spark Networks listing on
Nasdaq, joining our market of industry
leading companies," said Andrew
Hall, Managing Director of Nasdaq New Listings. "We are
confident that a listing with Nasdaq will provide Spark Networks
with enhanced visibility, greater liquidity and increased
exposure to the institutional investment community. We look forward
to our partnership with Spark Networks in the years to come."
About Spark Networks SE
Spark Networks SE is a leading global dating company with
headquarters in Berlin, Germany and offices in New
York and Utah. The Company's widening portfolio of
premium and freemium dating apps include Zoosk, EliteSingles,
SilverSingles, Christian Mingle,
Jdate, and JSwipe, among others. Spark Networks SE in its
current form is the result of the merger between Affinitas
GmbH and Spark Networks, Inc. in 2017 and the
addition of Zoosk, Inc. in 2019. Spark has approximately
one million monthly paying subscribers globally.
Forward-Looking Statements
This press release contains 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, statements involving known and unknown risks,
uncertainties, and other factors that may cause Spark
Networks' performance or achievements to be materially
different from those of any expected future results, performance,
or achievements. These statements include statements
regarding the expected date of Spark Networks' stock exchange
listing transfer to the Nasdaq Capital Market, any benefits of such
stock exchange listing transfer, and Spark Networks' growth
prospects. Any statements in this press release that are not
statements of historical fact may be considered to be
forward-looking statements. Written words, such as "believes,"
"hopes," "intends," "estimates," "expects," "projects," "plans,"
"anticipates," and variations thereof, or the use of future tense,
identify forward-looking statements. By their nature,
forward-looking statements and forecasts involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the near future. There are a
number of factors that could cause actual results and developments
to differ materially, including, but not limited to, the risk that
the benefits from the acquisition of Zoosk, Inc. may not
be fully realized or may take longer to realize than expected;
risks related to the degree of competition in the markets in
which Spark Networks operates; risks related to the
ability of Spark Networks to retain and hire key
personnel, operating results and business generally; the timing and
market acceptance of new products introduced by Spark
Networks' competitors; Spark Networks' ability to
identify potential acquisitions; Spark Networks' ability
to comply with new and evolving regulations relating to data
protection and data privacy; general competition and price measures
in the market place; risks related to the duration and severity of
COVID-19 and its impact on Spark Networks' business; and
general economic conditions. Additional factors that could
cause actual results to differ are discussed under the heading
"Risk Factors" in Spark Networks' Annual Report on Form
10-K for the year ended December 31, 2020 and in other
sections of Spark Networks' filings with
the Securities and Exchange Commission ("SEC"), and
in Spark Networks' other current and periodic reports
filed or furnished from time to time with the SEC. All
forward-looking statements in this press release are made as of the
date hereof, based on information available to the Company as of
the date hereof, and the Company assumes no obligation to update
any forward-looking statement except as required by law.
Contact
Investors:
Todd Kehrli/Joo-Hun Kim
MKR Investor Relations, Inc.
lov@mkr-group.com
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SOURCE Spark Networks SE