NEW YORK, NY--(Marketwired - Jun 21, 2017) - Function(x) Inc. (
Immediately following the suspension of trading on Nasdaq, the Company expects its common stock to be quoted on the OTC Pink market electronic quotation service operated by OTC Markets Group Inc. The Company's common stock will continue to trade under the symbol FNCX. (
For complete details, please see the Form 8-K the Company filed this same date.
Robert F X Sillerman, Executive Chairman and CEO, commented, "The Company came to the conclusion that the overhang of uncertainty and the continuing expense related to these issues were an unnecessary cost and distraction as we execute on our vision. Nothing has changed in our stated goals to become the preeminent digital media/publisher. We intend to file our 10-Q in the near term, and follow all necessary steps to both be a responsible and productive public company and accelerate our growth trajectory."
Contact Information:
Michelle Lanken
Chief Financial Officer
212-231-0092