BEIJING, June 30,
2023 /PRNewswire/ -- Baijiayun Group Ltd
("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI
video solution provider, announced that its Class A ordinary shares
will be transferred from the Nasdaq Capital Market to the
Nasdaq Global Market effective with the open of business on
June 30, 2023. The shares will
continue trading under its current ticker symbol "RTC." The
financial and liquidity requirements for the Nasdaq Global Market
are more stringent than those for the Nasdaq Capital Market.
The Nasdaq Stock Market ("Nasdaq") has three distinctive tiers:
The Nasdaq Global Select Market®, The Nasdaq Global Market® and The
Nasdaq Capital Market®. Applicants must satisfy certain financial,
liquidity and corporate governance requirements to be approved for
listing on any of these market tiers. Corporate governance
requirements are the same across all Nasdaq market tiers.
Approximately 1,450 or 44% of Nasdaq's 3,300 listed companies
qualify for inclusion in the Nasdaq Global Market. Inclusion in
this tier is a mark of achievement and stature for companies that
qualify and represents a company's dedication to provide investors
superior market quality.
"We are pleased to join the ranks of companies listed on the
Nasdaq Global Market and look forward to the improved visibility
that it offers with global investors as Baijiayun executes our
strategy to become a leader in providing one-stop AI video
solutions," commented by Mr. Gangjiang Li, Chairman of the Board
and CEO of Baijiayun.
About Baijiayun Group Ltd
Baijiayun is a one-stop AI video solution provider with core
expertise in SaaS/PaaS solutions. Baijiayun is committed to
delivering reliable, high-quality video experiences across devices
and localities and has grown rapidly since its inception in 2017.
Premised on its industry-leading video-centric technologies,
Baijiayun offers a wealth of video-centric technology solutions,
including Video SaaS/PaaS, Video Cloud and Software, and Video AI
and System Solutions. Baijiayun caters to the evolving
communications and collaboration needs of enterprises of all sizes
and industries.
Safe Harbor Statement
This press release contains certain "forward-looking
statements." These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about the parties' perspectives and expectations, are
forward-looking statements. The words "will," "expect," "believe,"
"estimate," "intend," and "plan" and similar expressions indicate
forward-looking statements.
Such forward-looking statements are inherently uncertain, and
shareholders and other potential investors must recognize that
actual results may differ materially from the expectations as a
result of a variety of factors. Such forward-looking statements are
based upon management's current expectations and include known and
unknown risks, uncertainties, and other factors, many of which are
hard to predict or control, that may cause the actual results,
performance, or plans to differ materially from any future results,
performance or plans expressed or implied by such forward-looking
statements. The forward-looking information provided herein
represents the Company's estimates as of the date of this press
release, and subsequent events and developments may cause the
Company's estimates to change.
The Company specifically disclaims any obligation to update the
forward-looking information in the future. Therefore, this
forward-looking information should not be relied upon as
representing the Company's estimates of its future financial
performance as of any date subsequent to the date of this press
release.
A further list and description of risks and uncertainties can be
found in the documents the Company has filed or furnished or may
file or furnish with the U.S. Securities and Exchange Commission,
which you are encouraged to read. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those
indicated or anticipated by such forward-looking statements.
Accordingly, you are cautioned not to place undue reliance on these
forward-looking statements. Forward-looking statements relate only
to the date they were made, and the Company undertakes no
obligation to update forward-looking statements to reflect events
or circumstances after the date they were made except as required
by law or applicable regulation.
Investor / Media Contact:
Crocker Coulson
CEO, AUM Media, Inc.
(646) 652 7185
crocker.coulson@aummedia.org
Company Contact:
Yong
Fang
CFO, Baijiayun Group Ltd
(267) 939 5080
fangyong@baijiayun.com
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SOURCE Baijiayun Group Limited