Banxa applies for Nasdaq Capital Market listing
2021-12-09 09:37 ET - News Release
Mr. Domenic Carosa reports
BANXA SUBMITS APPLICATION FOR NASDAQ CAPITAL MARKET UPLIST
Banxa Holdings Inc. has filed a comprehensive listing application with the Nasdaq Capital Market. 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, uplisting 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 and chairman Domenic Carosa said: "The Nasdaq uplist is a natural progression for the Banxa business which has performed above my expectations since our IPO (initial public offering) 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 United States and on the OTCQX under its current symbol, BNXAF.
About the Nasdaq
Nasdaq is a global technology company serving the capital markets and other industries. Its diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence.
About Banxa Holdings Inc.
Banxa powers the world's largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets. Banxa's mission and vision is to build the bridge that provides people in every part of the world access to a fairer and more equitable financial system. Banxa is headquartered in Melbourne, Australia, with European headquarters in Amsterdam, the Netherlands.
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