Belpointe OZ announces regained compliance with NYSE listing standards after 2024 annual meeting completion.
Quiver AI Summary
Belpointe PREP, LLC announced that it has regained compliance with NYSE American listing standards after successfully completing its 2024 Annual Meeting of Unitholders on January 28, 2025. The company was previously notified of non-compliance due to the rescheduling of this meeting. CEO Brandon Lacoff expressed gratitude to unitholders for their support while the issue was resolved, emphasizing the company's commitment to its investment strategy focused on high-quality real estate in Opportunity Zones. Belpointe OZ, the first Qualified Opportunity Fund listed on a national exchange, continues to build its portfolio, which includes over 2,500 units with an estimated total project cost of $1.3 billion. Investors are encouraged to review the most recent prospectus and consider the risks before investing.
Potential Positives
- Belpointe OZ has regained compliance with NYSE American's continued listing standards, which helps maintain investor confidence and market credibility.
- The company has a significant development pipeline with over 2,500 units and an approximate total project cost of over $1.3 billion, indicating strong growth potential.
- Belpointe OZ is the first and only Qualified Opportunity Fund listed on a national securities exchange, positioning it uniquely in the market.
- The company's focus on providing liquidity, transparency, and access to Opportunity Zone investments enhances its appeal to investors compared to traditional private funds.
Potential Negatives
- Regaining compliance with NYSE American listing standards only after initially being notified of non-compliance may raise concerns about the company's governance and operational management.
- The press release emphasizes a high degree of risk associated with investing in Belpointe OZ, which could deter potential investors.
- The need to highlight the compliance restoration suggests prior governance issues may persist, potentially undermining investor confidence in the company's stability.
FAQ
What recent announcement did Belpointe OZ make?
Belpointe OZ announced it regained compliance with NYSE American continued listing standards after its 2024 Annual Meeting.
Why was Belpointe OZ originally non-compliant?
The company was non-compliant due to the rescheduling of its 2024 Annual Meeting to 2025.
What is Belpointe OZ's investment focus?
Belpointe OZ focuses on high-quality real estate investments in Opportunity Zones across the United States.
How does Belpointe OZ benefit investors?
Investors gain liquidity, transparency, and access to Opportunity Zone investments without typical constraints of private funds.
Where can I find Belpointe OZ's prospectus?
You can view the most recent prospectus on sec.gov or request it via [email protected].
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OZ Hedge Fund Activity
We have seen 12 institutional investors add shares of $OZ stock to their portfolio, and 14 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CONGRESS WEALTH MANAGEMENT LLC / DE / added 43,221 shares (+inf%) to their portfolio in Q3 2024, for an estimated $2,983,113
- ATOMI FINANCIAL GROUP, INC. removed 30,786 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $2,382,836
- LAIDLAW WEALTH MANAGEMENT LLC added 15,890 shares (+inf%) to their portfolio in Q3 2024, for an estimated $1,096,727
- U.S. CAPITAL WEALTH ADVISORS, LLC added 15,890 shares (+inf%) to their portfolio in Q4 2024, for an estimated $1,229,886
- B.O.S.S. RETIREMENT ADVISORS, LLC added 15,212 shares (+inf%) to their portfolio in Q4 2024, for an estimated $1,177,408
- BELPOINTE ASSET MANAGEMENT LLC added 13,252 shares (+4.6%) to their portfolio in Q3 2024, for an estimated $914,653
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 13,026 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $899,054
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
GREENWICH, Conn., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ,” “we,” “us,” “our” or the “Company”) the first and only Qualified Opportunity Fund listed on a national securities exchange, today announced that we have received notice from NYSE American LLC (“NYSE American”) that we have regained compliance with the continued listing standards following the successful completion of our 2024 Annual Meeting of Unitholders on January 28, 2025.
The Company was originally notified by NYSE American of non-compliance with the continued listing standards as a result of rescheduling our 2024 Annual Meeting in 2025. With the meeting now complete, Belpointe OZ has fulfilled its obligations, and we have been formally notified that we have regained compliance with all applicable listing requirements.
“We appreciate the patience and support of our unitholders as we worked to resolve this matter,” said Brandon Lacoff, Chief Executive Officer of Belpointe OZ. “With compliance restored, we remain focused on executing our investment strategy and creating long-term value for our unitholders through high-quality real estate investments in Opportunity Zones across the country.”
Belpointe OZ continues to leverage its publicly traded structure, providing investors with liquidity, transparency, and access to Opportunity Zone investments without the typical constraints of private funds. The Company has actively invested in prime residential and mixed-use developments in high-growth markets, reinforcing its position as a leader in the Opportunity Zone space.
About Belpointe OZ
Belpointe OZ is a publicly traded qualified opportunity fund, listed on NYSE American under the symbol “OZ.” To date, Belpointe OZ has over 2,500 units in its development pipeline throughout four cities, representing an approximate total project cost of over $1.3 billion.
Belpointe OZ has filed two registration statements (including a combined prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offer and sale of up to an aggregate of $1,500,000,000 of Class A units representing limited liability interests in Belpointe OZ (the “Class A units”). Before you invest, you should read Belpointe OZ’s most recent prospectus and the other documents that it has filed with the SEC for more complete information about Belpointe OZ and the offering. Investing in Belpointe OZ’s Class A units involves a high degree of risk, including a complete loss of investment. Prior to making an investment decision, you should carefully consider Belpointe OZ’s investment objectives and strategy, risk factors, fees and expenses and any tax consequences that may results from an investment in Belpointe OZ’s Class A units. To view Belpointe OZ’s most recent prospectus containing this and other important information visit sec.gov or investors.belpointeoz.com . Alternatively, you may request Belpointe OZ send you the prospectus by calling (203) 883-1944 or emailing [email protected] . Read the prospectus in its entirety before making an investment decision.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may be considered forward-looking, such as statements containing estimates, projections, and other forward-looking information. Forward-looking statements are typically identified by words and phrases such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” or the negative of such words and other comparable terminology. However, the absence of these words does not mean that a statement is not forward-looking. Any forward-looking statements expressing an expectation or belief as to future events is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future events and involve risks, uncertainties, and other factors beyond our control. Therefore, we caution you against relying on any of these forward-looking statements. Actual outcomes and results may differ materially from what is expressed in any forward-looking statement. Except as required by applicable law, including federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results or revised expectations.
Investor Relations and Media Contact:
Cody H. Laidlaw
Belpointe PREP, LLC
255 Glenville Road
Greenwich, Connecticut 06831
[email protected]
203-883-1944