After careful review of the listing requirements and discussions with its legal counsel, its capital markets advisors and NASDAQ representatives, the Company believes it will soon meet the requirements for its securities to be listed on the exchange. Peak therefore began the listing process by producing an Annual Information Form (AIF), which it will file in Canada on December 31, 2020. The Company will use the AIF to produce and file the necessary disclosure and registration documents (Form 40-F) with the United States Securities and Exchange Commission (SEC) in order to be able to submit its listing application to NASDAQ before the end of January 2021.
"Recent announcements made over the past few months demonstrate that we are on a trajectory to potentially take our Company to new heights," said Peak CEO Johnson Joseph. "Our accomplishments in 2020 have put us in prime position to now seek global tech-centric institutional shareholders who look to NASDAQ to find some of the world's best tech companies. We believe it's time for Peak to benefit from the exposure and the prestige that a NASDAQ listing brings."
NASDAQ will need to give final approval of Peak's application before the Company's common shares can be listed on the exchange. There can be no assurances that Peak's application will be approved, however Peak believes that it will meet the NASDAQ listing requirements and, barring any unforeseeable circumstances, the Company expects to have its common shares listed and trading on NASDAQ by the end of Q1 2021. The Company is also exploring the possibility of listing its common shares on other senior exchanges around the world, including the Hong Kong Stock Exchange."