Cathedra Bitcoin Announces Resumption of Trading on the TSXV
Cathedra Bitcoin Inc. (TSXV: CBIT) has announced the resumption of trading on the TSX Venture Exchange (TSXV) following the completion of its business combination with Kungsleden, Inc. Trading is set to commence on August 6, 2024. The company has also engaged Integral Wealth Securities as a market maker to improve liquidity of its subordinate voting shares, for a monthly fee of $7,000. Cathedra's common shares have been re-designated as subordinate voting shares with the new CUSIP number 14919F206. The company is also in the process of relisting its shares on the OTCQB, expected to resume shortly after TSXV trading begins.
Cathedra Bitcoin Inc. (TSXV: CBIT) ha annunciato la ripresa delle negoziazioni sulla TSX Venture Exchange (TSXV) dopo il completamento della sua fusione con Kungsleden, Inc. Le negoziazioni inizieranno il 6 agosto 2024. L'azienda ha anche ingaggiato Integral Wealth Securities come market maker per migliorare la liquidità delle sue azioni a voto subordinato, per una fee mensile di $7.000. Le azioni ordinarie di Cathedra sono state ridenominate come azioni a voto subordinato con il nuovo numero CUSIP 14919F206. L'azienda è anche nel processo di ritrasmissione delle sue azioni sull'OTCQB, previsto per riprendere poco dopo l'inizio delle negoziazioni TSXV.
Cathedra Bitcoin Inc. (TSXV: CBIT) ha anunciado la reanudación de las negociaciones en la TSX Venture Exchange (TSXV) tras la finalización de su combinación empresarial con Kungsleden, Inc. El comercio comenzará el 6 de agosto de 2024. La compañía también ha contratado a Integral Wealth Securities como market maker para mejorar la liquidez de sus acciones con derecho a voto subordinado, con una tarifa mensual de $7,000. Las acciones ordinarias de Cathedra han sido redesignadas como acciones con derecho a voto subordinado con el nuevo número CUSIP 14919F206. La empresa también está en proceso de re-listar sus acciones en el OTCQB, que se espera reanude poco después de que comiencen las negociaciones en TSXV.
Cathedra Bitcoin Inc. (TSXV: CBIT)는 Kungsleden, Inc.와의 사업 조합 완료에 따라 TSX 벤처 거래소(TSXV)에서의 거래 재개를 발표했습니다. 거래는 2024년 8월 6일에 시작될 예정입니다. 이 회사는 또한 자사의 하위 의결권 주식의 유동성을 개선하기 위해 Integral Wealth Securities를 시장 조성자로 고용했으며, 월 이용료는 $7,000입니다. Cathedra의 보통주는 새로운 CUSIP 번호 14919F206으로 하위 의결권 주식으로 재지정되었습니다. 이 회사는 OTCQB에 주식을 재상장하는 과정에 있으며, TSXV 거래가 시작된 후 곧 재개될 것으로 예상됩니다.
Cathedra Bitcoin Inc. (TSXV: CBIT) a annoncé la reprise des échanges sur la TSX Venture Exchange (TSXV) suite à l'achèvement de sa combinaison d'entreprise avec Kungsleden, Inc. Les négociations doivent commencer le 6 août 2024. L'entreprise a également engagé Integral Wealth Securities comme market maker afin d'améliorer la liquidité de ses actions avec droit de vote subordonné, pour un fee mensuel de 7 000 $. Les actions ordinaires de Cathedra ont été reclassées en actions avec droit de vote subordonné avec le nouveau numéro CUSIP 14919F206. L'entreprise est également en train de réinscrire ses actions sur l'OTCQB, ce qui devrait reprendre peu après le début des échanges sur TSXV.
Cathedra Bitcoin Inc. (TSXV: CBIT) hat die Wiederaufnahme des Handels an der TSX Venture Exchange (TSXV) nach dem Abschluss der Unternehmensfusion mit Kungsleden, Inc. bekannt gegeben. Der Handel soll am 6. August 2024 beginnen. Das Unternehmen hat außerdem Integral Wealth Securities als Market Maker engagiert, um die Liquidität seiner nachrangigen Stimmrechtsaktien zu verbessern, für eine monatliche Gebühr von 7.000 $. Die Stammaktien von Cathedra wurden als nachrangige Stimmrechtsaktien unter der neuen CUSIP-Nummer 14919F206 umgewidmet. Das Unternehmen befindet sich außerdem im Prozess der Wiederaufnahme seiner Aktien an der OTCQB, was kurz nach Beginn des TSXV-Handels erwartet wird.
- Resumption of trading on TSXV, indicating regulatory compliance
- Engagement of market maker to improve stock liquidity
- Planned relisting on OTCQB, potentially increasing investor access
- Monthly fee of $7,000 for market making services, increasing operational expenses
Toronto, Ontario--(Newsfile Corp. - August 1, 2024) - (Block Height: 854,950) - Cathedra Bitcoin Inc. (TSXV: CBIT) ("Cathedra" or the "Company") is pleased to announce that it has received its final bulletin from the TSX Venture Exchange (the "TSXV") in connection with the completion of its previously announced business combination (the "Transaction"), with Kungsleden, Inc., a developer and operator of alternative high-density compute infrastructure, and that the Company's subordinate voting shares are scheduled to commence trading on the TSXV on August 6, 2024.
Cathedra also announces that it has engaged Integral Wealth Securities Limited ("Integral") to provide services as a market maker in compliance with the policies and guidelines of the TSXV and other applicable legislation. Integral will trade subordinate voting shares of the Company on the TSXV and other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's subordinate voting shares. Under the agreement with Integral, Integral will receive a cash fee equal to
Integral is a member of the Canadian Investment Regulatory Organization ("CIRO") and can access all Canadian Stock Exchanges and Alternative Trading Systems. The capital and securities required for any trade undertaken by Integral as principal will be provided by Integral. Integral is an independent CIRO-licensed investment dealer engaged in market making, investment banking and wealth management. Headquartered in Toronto, the firm operates from nine offices across Canada.
In connection with the Transaction, the Company's common shares were re-designated as subordinate voting shares (the "Subordinate Voting Shares"). The Company's transfer agent, Computershare Investor Services Inc., will be mailing a Direct Registration System Statement ("DRS Advice") to all shareholders of the Company (other than for those that are required to be in certificated form) setting out each holder's shareholdings. Shareholders wishing to receive a physical share certificate should contact Computershare Investor Services Inc. for information on how to obtain physical shares certificates in place of a DRS Advice. The CUSIP number for the Subordinate Voting Shares is 14919F206.
Finally, the Company has begun the process of relisting its shares on the OTCQB and expects to receive approval shortly after trading resumes on the TSXV. Trading in the Company's shares on the OTCQB would resume shortly thereafter.
About Cathedra Bitcoin
Cathedra Bitcoin Inc. develops and operates high-density compute infrastructure across North America. The Company hosts bitcoin mining clients across its portfolio of three data centers (30 MW total) in Tennessee and Kentucky. Additionally, Cathedra is a
For more information about Cathedra, visit cathedra.com or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin.
Media and Investor Relations Inquiries
Please contact:
AJ Scalia
Chief Executive Officer
ir@cathedra.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company and Kungsleden, are forward-looking information. Forward-looking information contained in this news release includes but is not limited to information concerning: the resumption of trading of the subordinate voting shares and the timing thereof and the engagement of Integral to provide services as a market maker and the terms of the engagement. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made. The Company has also assumed that no significant events occur outside of its normal course of business.
Additionally, these forward-looking statements may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Cathedra's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Cathedra believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: the potential impact of the announcement of the completion of the Transaction on relationships, including with regulatory bodies, employees, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation and the costs associated with compliance; unanticipated costs; changes in market conditions impacting the average revenue per MWh, and the risks and uncertainties associated with foreign markets. Additionally, the forward-looking statements contained herein may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Please see the Company's management information circular dated June 18, 2024 which is available for view the Company's SEDAR+ profile on www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. Readers should not place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218567
FAQ
When will Cathedra Bitcoin (CBTTF) resume trading on the TSXV?
What is the new CUSIP number for Cathedra Bitcoin's (CBTTF) subordinate voting shares?
Has Cathedra Bitcoin (CBTTF) engaged a market maker, and if so, at what cost?
Is Cathedra Bitcoin (CBTTF) planning to relist on the OTCQB?
