Sol Strategies Applies For Listing on Nasdaq Exchange
Sol Strategies (CSE: HODL) (OTC Pink: CYFRF) has submitted an application for listing on the Nasdaq Stock Market. The application is subject to review and approval by Nasdaq's listing qualifications department and requires compliance with Nasdaq Capital Market standards and regulatory approvals. The company must also file and receive SEC approval for a registration statement.
While pursuing the uplisting process, Sol Strategies will continue trading on the OTC market as 'CYFRF' and maintain its Canadian Securities Exchange listing under 'HODL'. The company views this move as strategic for enhancing institutional investor access and expanding market presence.
Sol Strategies (CSE: HODL) (OTC Pink: CYFRF) ha presentato una domanda per la quotazione sul Nasdaq Stock Market. La domanda è soggetta a revisione e approvazione da parte del dipartimento delle qualifiche di quotazione del Nasdaq e richiede il rispetto degli standard del Nasdaq Capital Market e delle approvazioni normative. L'azienda deve inoltre presentare e ricevere l'approvazione della SEC per una dichiarazione di registrazione.
Mentre persegue il processo di uplisting, Sol Strategies continuerà a negoziare nel mercato OTC come 'CYFRF' e manterrà la sua quotazione nella Canadian Securities Exchange sotto 'HODL'. L'azienda considera questo passo strategico per migliorare l'accesso degli investitori istituzionali e ampliare la propria presenza nel mercato.
Sol Strategies (CSE: HODL) (OTC Pink: CYFRF) ha presentado una solicitud para su cotización en el Nasdaq Stock Market. La solicitud está sujeta a revisión y aprobación por parte del departamento de calificaciones de cotización de Nasdaq y requiere el cumplimiento de los estándares del Nasdaq Capital Market y las aprobaciones regulatorias. La empresa también debe presentar y recibir la aprobación de la SEC para una declaración de registro.
Mientras lleva a cabo el proceso de uplisting, Sol Strategies continuará comercializando en el mercado OTC como 'CYFRF' y mantendrá su cotización en la Canadian Securities Exchange bajo 'HODL'. La empresa considera este movimiento como estratégico para mejorar el acceso de los inversores institucionales y expandir su presencia en el mercado.
Sol Strategies (CSE: HODL) (OTC Pink: CYFRF)가 Nasdaq Stock Market에 상장 신청서를 제출했습니다. 이 신청서는 Nasdaq의 상장 자격 부서의 검토 및 승인을 받으며, Nasdaq Capital Market 기준 및 규제 승인 준수를 요구합니다. 또한 회사는 SEC에 등록신청서를 제출하고 승인을 받아야 합니다.
상장 절차를 진행하는 동안 Sol Strategies는 OTC 시장에서 'CYFRF'로 계속 거래하고, 'HODL'로 캐나다 증권 거래소 상장을 유지할 것입니다. 이 회사는 이 조치를 기관 투자자 접근을 개선하고 시장 존재감을 확대하기 위한 전략적 조치로 보고 있습니다.
Sol Strategies (CSE: HODL) (OTC Pink: CYFRF) a soumis une demande de cotation sur le Nasdaq Stock Market. La demande est soumise à l'examen et à l'approbation du département des qualifications de cotation de Nasdaq et nécessite le respect des normes du Nasdaq Capital Market ainsi que des approbations réglementaires. L'entreprise doit également déposer et obtenir l'approbation de la SEC pour une déclaration d'enregistrement.
Tout en poursuivant le processus de hausse de cotation, Sol Strategies continuera à négocier sur le marché OTC sous le nom 'CYFRF' et maintiendra son inscription à la Canadian Securities Exchange sous 'HODL'. L'entreprise considère ce mouvement comme stratégique pour améliorer l'accès des investisseurs institutionnels et élargir sa présence sur le marché.
Sol Strategies (CSE: HODL) (OTC Pink: CYFRF) hat einen Antrag auf Notierung an der Nasdaq Stock Market eingereicht. Der Antrag unterliegt der Prüfung und Genehmigung durch die Abteilung für Listing-Qualifikationen von Nasdaq und erfordert die Einhaltung der Standards des Nasdaq Capital Market sowie regulatorische Genehmigungen. Das Unternehmen muss außerdem bei der SEC einen Antrag auf Registrierung einreichen und genehmigen lassen.
Während Sol Strategies den Uplisting-Prozess verfolgt, wird das Unternehmen weiterhin im OTC-Markt als 'CYFRF' handeln und seine Notierung an der Canadian Securities Exchange unter 'HODL' aufrechterhalten. Das Unternehmen betrachtet diesen Schritt als strategisch, um den Zugang institutioneller Investoren zu verbessern und die Marktpräsenz zu erweitern.
- Potential uplisting to Nasdaq could increase visibility and institutional investor access
- Maintains dual listing strategy on CSE and OTC markets during transition
- Nasdaq listing approval not guaranteed
- Additional regulatory compliance and SEC registration requirements pending
Toronto, Ontario--(Newsfile Corp. - December 5, 2024) - Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF) ("Sol Strategies" or the "Company"), a publicly traded Canadian company actively investing in, supporting, and providing infrastructure for the Solana blockchain and ecosystem, today submitted its application for listing on the Nasdaq Stock Market ("Nasdaq"). This marks a critical milestone in the Company's strategic plan to enhance institutional investor access and expand its market presence.
The Company's listing application is subject to review and approval by Nasdaq's listing qualifications department for compliance with all Nasdaq Capital Market standards, as well as any other relevant regulatory approvals. The Company must also file a registration statement with the Securities and Exchange Commission ("SEC") and have it declared effective before being listed on Nasdaq.
Leah Wald, CEO of Sol Strategies, commented: "Submitting our Nasdaq application represents a pivotal step in our journey to bridge institutional investment with the boundless potential of the Solana ecosystem. This milestone positions us to drive transformative growth and deliver sustained value to our shareholders as we bring our strategic vision to life."
While advancing its uplisting plans, the Company's common stock will continue trading on the OTC market under the ticker symbol "CYFRF." and the Company will continue to maintain the listing of its common stock on the Canadian Securities Exchange under ticker symbol "HODL". Sol Strategies remains committed to maximizing shareholder value and achieving a Nasdaq listing as a key component of its growth strategy.
About Sol Strategies
Sol Strategies is a publicly traded Canadian company actively investing in, supporting, and providing infrastructure for the Solana blockchain and ecosystem. The Company focuses on leveraging investment opportunities in staking rewards and Solana-based projects, enabling shareholders to indirectly participate in the decentralized finance landscape. Sol Strategies is headquartered in Toronto, Canada, and is publicly listed on the Canadian Securities Exchange under the ticker "HODL" and on the OTC market under the ticker "CYFRF".
To learn more about Sol Strategies, please visit www.solstrategies.io. A copy of this news release and all the Company's related material documents regarding the Company may be obtained under the Company's SEDAR+ profile at www.sedarplus.ca.
Cautionary Note Regarding Forward-Looking Information:
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements and information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to expectations regarding the characteristics, value drivers, and anticipated benefits of the Company's Nasdaq application and the Company's business plans and operations related thereto. Forward-looking information can also be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved".
Forward-looking statements in this news release include statements regarding the completion of the Nasdaq listing and its intended impact on the Company. There is no assurance that the Nasdaq listing will be completed or that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.
There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates, and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
Disclaimer:
Sol Strategies is an independent organization in the Solana ecosystem. Sol Strategies is not affiliated with, owned by, or under common control with Solana Foundation (the "Foundation"), and the Foundation has not entered into any association, partnership, joint venture, employee, or agency relationship with Sol Strategies.
None of the Foundation or its council members, officers, agents or make any representations or warranties, recommendations, endorsements or promises with respect to the accuracy of any statements made, information provided, or action taken by Sol Strategies and expressly disclaim any and all liability arising from or related to any such statements, information or action.
Officer/Director Contact:
Doug Harris
Chief Financial Officer
doug@solstrategies.io
Tel: 416-480-2488
SOURCE: Sol Strategies
Media contact: solstrategies@mgroupsc.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232555
FAQ
What is Sol Strategies' current stock symbol CYFRF applying for?
When did Sol Strategies CYFRF submit its Nasdaq application?
Will Sol Strategies CYFRF continue trading on other exchanges during the Nasdaq application process?
What requirements must Sol Strategies CYFRF meet for Nasdaq listing?
