Looking Glass Labs Ltd said its shares will commence trading on the NEO Exchange Inc under the symbol "NFTX" at the start of trading on February 3, 2022.
The NEO is currently home to over 170 unique public listings including public companies, exchange-traded fund listings, and special purpose acquisition companies, among other types of entities, while consistently facilitating close to 15% of all Canadian trading volume.
"As a senior exchange, the NEO is expected to provide LGL with a high level of liquidity and exposure in order to enable our continued growth,” said LGL CEO Dorian Banks in a statement. “We also expect that our listing on the NEO will provide the opportunity to target and reach a broad range of both institutional and retail investors."
READ: Looking Glass Labs says its GenX NFT collection by House of Kibaa 'verified' on LooksRare NFT Marketplace
Banks added: “Our team will keep working to build our metaverse, drop organic uNFT collections, develop 3D-ready NFT collections for third-party clients, benefit from NFT-based royalty streams and otherwise add value to the Company through appropriate corporate development opportunities."
To coincide with its listing on the NEO, LGL said it has recently updated its website with new information about the company and its flagship studio, House of Kibaa.
Additionally, with the listing on the NEO complete, the company said it will be pursuing options for increased liquidity for its shareholders in Europe and the US.
LGL also intends to submit an application to the Depository Trust Company (DTC) to have its common shares eligible for delivery and depository services with the DTC to facilitate electronic settlement of transfers of its common shares in the US.
LGL is a digital platform specializing in non-fungible tokens (NFTs), utility NFT (uNFT) architecture, immersive extended reality (XR) metaverse design, and virtual asset royalty streams.
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham