CALGARY, AB, Aug. 17, 2021 /CNW/ - mCloud Technologies Corp. (TSXV: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company"), a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions today announced it has filed a Form 40-F Registration Statement ("Form 40-F") with the United States Securities and Exchange Commission (the "SEC"), fulfilling a significant milestone in the process for the Company to list its common shares on The Nasdaq Capital Market ("NASDAQ"). A copy of the Form 40-F is available on EDGAR and the mCloud Web site at www.mcloudcorp.com.
mCloud's common shares will continue to trade on the OTCQB under the ticker symbol MCLDF until NASDAQ approval and up-listing. The Company will also continue to be a reporting issuer in Canada on the TSX Venture Exchange ("TSX-V") under the ticker symbol MCLD post NASDAQ up-list.
Listing of mCloud's common shares on NASDAQ remains subject to the approval of NASDAQ and the satisfaction of all applicable listing and regulatory requirements, including the effectiveness of the Form 40-F. Following receipt of all required approvals, the Company will issue a press release announcing its first trading date on NASDAQ.
"mCloud has become a truly global company through our major presence in the United States, Canada, the United Kingdom, Singapore, Australia, China, and soon, Saudi Arabia," said Russ McMeekin, mCloud President and CEO. "Our AI-powered ESG solutions have taken flight around the world and have helped us attract the interest of institutional investors and bolster our value to shareholders, all of which will be further facilitated through the filing of this Form 40-F and pursuing next steps toward a prestigious listing on the NASDAQ."