Tantalus Begins Trading on the OTCQX Best Market Under Symbol TNTLF
Tantalus Systems (TSX: GRID) (OTCQX: TNTLF) has announced its qualification to trade on the OTCQX Best Market. The company's common shares will continue trading on the Toronto Stock Exchange under 'GRID' while simultaneously trading on the OTCQX under 'TNTLF'.
The OTCQX Best Market is designed for established international companies to make disclosures available in the United States through SEC reporting exemption (Rule 12g3-2(b)). Companies must meet high financial standards, follow best practice corporate governance, and demonstrate securities law compliance to qualify.
According to Peter Londa, President & CEO, this move strengthens Tantalus' access to U.S. investors, particularly significant as the majority of their utility customers and revenue comes from the United States. The dual-listing strategy aims to enhance liquidity and demonstrate commitment to shareholder value.
Tantalus Systems (TSX: GRID) (OTCQX: TNTLF) ha annunciato la sua qualificazione per negoziare nell'OTCQX Best Market. Le azioni ordinarie della società continueranno a essere negoziate presso la Borsa di Toronto sotto il simbolo 'GRID', mentre saranno contemporaneamente negoziate nell'OTCQX con il simbolo 'TNTLF'.
L'OTCQX Best Market è progettato per le aziende internazionali consolidate e consente di rendere disponibili le informazioni negli Stati Uniti attraverso l'esenzione dalla registrazione presso la SEC (Regola 12g3-2(b)). Le aziende devono soddisfare rigorosi standard finanziari, seguire le migliori pratiche di governance aziendale e dimostrare la conformità alle leggi sulle securities per potersi qualificare.
Secondo Peter Londa, Presidente e CEO, questo passo rafforza l'accesso di Tantalus agli investitori statunitensi, particolarmente significativo poiché la maggior parte dei loro clienti nel settore utilities e delle loro entrate proviene dagli Stati Uniti. La strategia di doppia quotazione mira a migliorare la liquidità e dimostrare l'impegno verso il valore per gli azionisti.
Tantalus Systems (TSX: GRID) (OTCQX: TNTLF) ha anunciado su calificación para cotizar en el OTCQX Best Market. Las acciones ordinarias de la compañía continuarán cotizando en la Bolsa de Valores de Toronto bajo el símbolo 'GRID', mientras que simultáneamente cotizarán en el OTCQX bajo el símbolo 'TNTLF'.
El OTCQX Best Market está diseñado para empresas internacionales establecidas y permite hacer disponibles divulgaciones en Estados Unidos a través de la exención de informes de la SEC (Regla 12g3-2(b)). Las empresas deben cumplir con altos estándares financieros, seguir las mejores prácticas de gobierno corporativo y demostrar el cumplimiento de las leyes de valores para calificar.
Según Peter Londa, Presidente y CEO, este movimiento refuerza el acceso de Tantalus a los inversores estadounidenses, lo que es particularmente significativo dado que la mayoría de sus clientes de servicios públicos y sus ingresos provienen de Estados Unidos. La estrategia de cotización dual tiene como objetivo mejorar la liquidez y demostrar el compromiso con el valor para los accionistas.
탄탈러스 시스템즈 (TSX: GRID) (OTCQX: TNTLF)는 OTCQX 베스트 마켓에서 거래 자격을 갖췄다고 발표했습니다. 회사의 보통주식은 'GRID'라는 기호로 토론토 증권 거래소에서 계속 거래되며, 동시에 'TNTLF'라는 기호로 OTCQX에서 거래될 것입니다.
OTCQX 베스트 마켓은 설립된 국제 기업이 SEC 보고 면제(규칙 12g3-2(b))를 통해 미국에 공시를 제공하기 위해 설계되었습니다. 기업은 높은 재무 기준을 충족하고, 모범 사례의 기업 거버넌스를 따르며, 증권법 준수를 입증해야 자격을 얻을 수 있습니다.
피터 론다(Peter Londa) 사장 겸 CEO에 따르면, 이번 조치는 탄탈러스가 미국 투자자에게 접근할 수 있는 기회를 강화하며, 이는 대부분의 유틸리티 고객과 수익이 미국에서 발생하기 때문에 특히 중요합니다. 이중 상장 전략은 유동성을 개선하고 주주 가치를 향한 헌신을 입증하기 위한 것입니다.
Tantalus Systems (TSX: GRID) (OTCQX: TNTLF) a annoncé sa qualification pour négocier sur le OTCQX Best Market. Les actions ordinaires de l'entreprise continueront d'être négociées à la Bourse de Toronto sous le symbole 'GRID', tout en étant simultanément négociées sur l'OTCQX sous le symbole 'TNTLF'.
Le OTCQX Best Market est conçu pour les entreprises internationales établies afin de rendre les divulgations disponibles aux États-Unis grâce à l'exemption de reporting SEC (Règle 12g3-2(b)). Les entreprises doivent respecter des normes financières élevées, suivre les meilleures pratiques de gouvernance d'entreprise et démontrer la conformité aux lois sur les valeurs mobilières pour se qualifier.
Selon Peter Londa, Président et CEO, cette démarche renforce l'accès de Tantalus aux investisseurs américains, ce qui est particulièrement important car la majorité de leurs clients dans le secteur des services publics et de leurs revenus provient des États-Unis. La stratégie de double cotation vise à améliorer la liquidité et à démontrer l'engagement envers la valeur actionnariale.
Tantalus Systems (TSX: GRID) (OTCQX: TNTLF) hat seine Qualifikation für den Handel im OTCQX Best Market bekannt gegeben. Die Stammaktien des Unternehmens werden weiterhin an der Toronto Stock Exchange unter dem Kürzel 'GRID' gehandelt, während sie gleichzeitig an der OTCQX unter dem Kürzel 'TNTLF' gehandelt werden.
Der OTCQX Best Market ist für etablierte internationale Unternehmen konzipiert, um Offenlegungen in den Vereinigten Staaten über die SEC-Berichtserstattungsausnahme (Regel 12g3-2(b)) verfügbar zu machen. Unternehmen müssen hohe finanzielle Standards erfüllen, bewährte Praktiken der Unternehmensführung befolgen und die Einhaltung der Wertpapiergesetze nachweisen, um sich zu qualifizieren.
Laut Peter Londa, Präsident und CEO, stärkt dieser Schritt den Zugang von Tantalus zu US-Investoren, was besonders bedeutend ist, da der Großteil ihrer Versorgungsunternehmen-Kunden und Einnahmen aus den Vereinigten Staaten stammt. Die Dual-Listing-Strategie zielt darauf ab, die Liquidität zu verbessern und das Engagement für den Shareholder Value zu demonstrieren.
- Expanded market access through OTCQX listing, potentially increasing investor reach
- Majority of revenue generated from U.S. market, aligning with new trading venue
- Potential for enhanced stock liquidity through dual-listing
- Additional compliance and reporting requirements may increase operational costs
Burnaby, British Columbia--(Newsfile Corp. - February 11, 2025) - Tantalus Systems (TSX: GRID) (OTCQX: TNTLF) ("Tantalus" or the "Company"), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, announced today it has qualified to trade on the OTCQX® Best Market. Effective today, common shares of Tantalus will continue to trade on the Toronto Stock Exchange (TSX) under the symbol "GRID" and on the OTCQX under the symbol "TNTLF".
The OTCQX Best Market is designed for established international companies to leverage their existing reporting standards and make disclosures available in the United States - utilizing SEC reporting exemption (Rule 12g3-2(b)). Under Exchange Act Rule 12g3-2(b), international companies are exempt from SEC reporting if they are a Foreign Private Issuer and make whatever information is required by their home market regulator publicly available to U.S. investors in English. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
"Accessing the OTCQX Market highlights Tantalus' dedication to transparency and operational excellence while also strengthening our access to U.S. investors," said Peter Londa, President & CEO of Tantalus. "Given that the vast majority of our utility customers and revenue is generated from the United States, we believe cross-trading between the TSX and OTCQX will enhance liquidity and reinforces our commitment to delivering long-term value for our shareholders."
For U.S. investors, current financial disclosure and Real-Time Level 2 quotes for the Company are accessible at www.otcmarkets.com.
About Tantalus Systems Holding Inc. (TSX: GRID) (OTCQX: TNTLF)
Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. We offer a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements. Learn more at http://www.tantalus.com/
Forward-Looking Information:
This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not limited to, trading access for U.S. investors, enhancing equity liquidity, delivering long-term value to our shareholders and other statements that contain words such as "believe," "expect," "project," "should," "seek," "anticipate," "will," "intend," "positioned," "risk," "plan," "may," "estimate" or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this news release is expressly qualified in its entirety by this cautionary statement.
Contact Tantalus:
Jacquie Hudson
Marketing Communications Manager
613-552-4244 | jhudson@tantalus.com
Deborah Honig
Investor Relations
647-203-8793 | deborah@adcap.ca
Website: www.tantalus.com
LinkedIn: LinkedIn/company/tantalus
X (Formerly Twitter): @TantalusCorp
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240329
FAQ
What does Tantalus Systems' OTCQX listing mean for TNTLF shareholders?
When did TNTLF stock begin trading on the OTCQX Best Market?
What are the requirements for Tantalus Systems to maintain its OTCQX TNTLF listing?
How much of Tantalus Systems' (TNTLF) revenue comes from the United States?
