Source: KWESST Micro Systems.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • KWESST Micro Systems Inc. (KWE) announced that its common shares have been approved for listing on the OTCQB ® Venture Market
  • The OTCQB ® is a U.S. trading platform that is operated by the OTC Markets Group in New York
  • Starting February 4, the company will commence trading under the symbol KWEMF
  • KWESST’s common shares will continue to trade on the TSX Venture Exchange under the symbol KWE
  • KWESST is up 17.53 per cent to C$2.28 per share

KWESST Micro Systems Inc. (KWE) announced that its common shares have been approved for listing on the OTCQB ® Venture Market.

The OTCQB ® is a U.S. trading platform that is operated by the OTC Markets Group in New York.

Starting February 4, the company will commence trading on the OTCQB ® under the symbol KWEMF.

KWESST’s common shares will continue to trade on the TSX Venture Exchange under the symbol KWE.

In addition, the KWESST is pleased to announce that it has received DTC eligibility by The Depository Trust Company for electronic settlement and transfer of its common shares in the United States.

KWESST Executive Chairman David Luxton said the company has a strong concentration of business with military customers in the U.S., which is why it makes sense to for it to be listed there.

“As well, there is obviously a much larger potential investor base in the U.S. with an appetite for exposure to our kind of business. We expect this will expand our shareholder base and the liquidity of the stock to the benefit of all shareholders.”

In conjunction with its U.S. listing, it has established a wholly-owned U.S. subsidiary and operating facility in Stafford, Virgina where KWESST systems can be assembled and showcased for U.S. customers.

The OTCQB ® is the premier marketplace for entrepreneurial and development stage US and international companies that are committed to providing a high-quality trading and information experience for their US investors.

KWESST develops and commercializes high-value ultra-miniaturized technology applications that make a critical difference to the safety and operational effectiveness of personnel in the defence and security industries.

KWESST is up 17.53 per cent to C$2.28 per share.

More From The Market Herald

" Record revenue for California Nanotechnologies (TSXV:CNO) fiscal 2022

California Nanotechnologies (CNO) announced record revenues of US$1,081,500 for the year ending February 28, 2022, a 39 per cent increase from last year.
Electrovaya - Elmira Memarzadeh, Director of Engineering Programs.

" Electrovaya (TSX:EFL) granted U.S. patent for lithium-ion electrode

Electrovaya (EFL) has received a U.S. patent for a unique battery electrode microstructure.
NEO Battery Materials - CEO, Spencer Huh (left) and A&P CEO, Hak Soo Jeon.

" NEO Battery Materials (TSXV:NBM) announces $3M investment from Automobile & PCB

NEO Battery Materials (NBM) has secured a C$3M investment from Automobile & PCB (A&P).