Banxa Submits Application for NASDAQ Capital Market Uplisthttps://finance.yahoo.com/news/banxa-submits-application-nasdaq-capital-140000795.html
Toronto, Ontario and Melbourne, Australia--(Newsfile Corp. - December 9, 2021) - BANXA Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), the world's first public payment service provider (PSP) and compliance RegTech platform for the digital asset industry, is pleased to announce that it has filed a comprehensive listing application with the NASDAQ Capital Market "NASDAQ". Ticker code "BNXA" has already been reserved.
Banxa believes that being on the NASDAQ comes with several benefits to the Company and its shareholders:
- Increased visibility and growth
- Regulation and compliance for digital assets
- Credibility and transparency
- Accelerated company growth
- Raised overall profile and shareholder value
Banxa currently meets listing requirements and as such, no share consolidation will be necessary. However, up-listing approval to NASDAQ is based on the Company's ability to meet and maintain the minimum listing requirement for NASDAQ Capital Markets and is subject to approval.
Banxa Founder & Chairman, Domenic Carosa said "The NASDAQ uplist is a natural progression for the Banxa business which has performed above my expectations since our IPO in January 2021. While we know there are several further steps that are required before being approved for uplisting to the NASDAQ, it is our intention to meet and satisfy all necessary listing requirements. We feel this uplisting enables Banxa to expand its offerings to investors who truly understand and see the value in the digital asset industry."
Banxa stock will continue to trade on the TSX Venture Exchange under its current symbol BNXA; in Germany on the Frankfurt Stock Exchange under its current symbol AC00; and until approval of a NASDAQ listing, in the U.S. and on the OTCQX under its current symbol, BNXAF.
About the NASDAQ
NASDAQ (NASDAQ: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "DOMENIC CAROSA" https://twitter.com/dcarosa
Domenic Carosa
Chairman (1-888-218-6863)