Sezzle Inc.

Update on NASDAQ Trading Halt

Minneapolis, MN, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Sezzle Inc. (ASX:SZL, NASDAQ: SEZL) (Sezzle or Company) // Purpose-driven digital payment platform, Sezzle, is providing the following update regarding the recent halt in trading of Sezzle common stock on the Nasdaq Stock Market ("Nasdaq").  As previously disclosed, on August 17, 2023, Sezzle common stock was approved for listing and commenced trading on Nasdaq under the ticker symbol “SEZL.” On August 17, 2023, Nasdaq halted trading in the common stock and advised Sezzle that there currently exists inadequate publicly available shares of common stock to make a market and facilitate proper trading of common stock on Nasdaq due to the large number of shares of common stock currently held by investors in the form of Chess Depository Interests (CDIs) for trading on the Australian Securities Exchange (ASX). The CDIs are convertible at the option of the holders into shares of Sezzle common stock on a 1-for-1 basis.

Sezzle is working with Nasdaq to resolve the matter as soon as practicable to resume trading.

Sezzle’s CDIs continue to trade on the ASX under the ticker symbol SZL. 

This release has been approved by the Company’s Executive Chairman and CEO, Charlie Youakim, on behalf of the Sezzle Inc. Board.

Contact Information

Lee Brading, CFA Investor Relations [phone] [e-mail]

Justin Clyne Company Secretary [phone] [e-mail]

Erin Foran Media Enquiries [phone] [e-mail]

About Sezzle Inc.

Sezzle is a purpose-driven digital payments company on a mission to financially empower the next generation. Sezzle’s payment platform increases the purchasing power for millions of consumers by offering interest-free installment plans at online stores and select in-store locations. Sezzle’s transparent, inclusive, and seamless payment option allows consumers to take control over their spending, be more responsible, and gain access to financial freedom.

For more information visit sezzle.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements include our expectations, whether stated or implied, regarding our financing plans and other future events.