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Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery (DROSRITE), waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.


TSX:PYR - Post by User

Post by Namazonon Dec 09, 2020 10:40am
205 Views
Post# 32066919

Nasdaq listing (from Agoracom post)

Nasdaq listing (from Agoracom post)

The Nasdaq Stock Market has "3" distinctive tiers:

1) Nasdaq Global Select Market  2) Nasdaq Global Market  3) Nasdaq Capital Market

Small Tech companies typically enter at "Tier 3 - Nasdaq Capital Market" and can move up to the higher tiers down the road as the company grows and more requirements are met.  Tier 3 requirements are mostly already met by PYR (except perhaps having 3 market makers... which is a low hurdle).

Tier 3 itself has 3 ways to list and I believe PYR already qualifies through the "Market Value of Listed Securities Standard" route... which can have a share price as low as $2.00 US.

See page 10 of the "Nasdaq Initial Listing Guide"  https://listingcenter.nasdaq.com/assets/initialguide.pdf

When you are there... also see links on that page to 5505(a) and 5505(b)(2)

In my opinion... bottom line:  After some lawyer paperwork... they are "in"

Best regards,
Tim in Vancouver

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