This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Vuzix Corporation Announces Delisting From The TSX Venture Exchange

Stocks in this article: VUZI

ROCHESTER, N.Y., Nov. 4, 2013 /PRNewswire/ -- Vuzix Corporation (OTCQB: VUZI) ("Vuzix"), a leading developer and supplier of smart glasses, advises that, further to its: (i) Amendment No. 5 to its Registration Statement (filed on Form S-1) filed with applicable securities regulators on July 29, 2013; (ii) pricing prospectus dated July 30, 2013 filed with applicable securities regulators on July 30, 2013; and (iii) press releases dated July 30, 2013 and July 31, 2013, Vuzix today received a delisting notice from TSX Venture Exchange advising that the shares of Vuzix common stock (symbol VZX) will be delisted from the TSX Venture Exchange as a result of the common stock being sold and issued at a greater than 20% discount to the then current market price. And while Vuzix is disappointed with the delisting and acknowledges the transaction was closed without the TSXV Venture Exchange's approval despite its efforts to secure such approvals, it stands by its decision that concluding the offering was in the best interests of the shareholders of Vuzix based on its financial position at the time. The shares of Vuzix have been suspended from trading on the TSX Venture Exchange since July 31, 2013 (former symbol TSX-V:VZX). The shares will be delisted effective as of November 13, 2013.  Vuzix shares remain listed on the OTCQB market place listed under the symbol "VUZI."

(Logo: http://photos.prnewswire.com/prnh/20130516/NY15123LOGO )

About Vuzix Corporation

Vuzix is a leading supplier of Video Eyewear products in the consumer, commercial and entertainment markets. The Company's products, personal display devices that offer users a portable high quality viewing experience, provide solutions for mobility, wearable displays and virtual and augmented reality. Vuzix holds 33 patents and 15 additional patents pending and numerous IP licenses in the Video Eyewear field. The company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2013 and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company with offices in Rochester, NY, Oxford, UK and Tokyo, Japan. For more information visit www.vuzix.com.

For further Investor Information, please contact:

Vuzix Corporation 75 Town Centre Drive Rochester, NY 14623 USA Investor Information – Grant Russell IR@Vuzix.com Tel: +1 (585) 359-7562

SOURCE Vuzix Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs