Vox Royalty Corp (TSX-V:VOX) said that its shares are set to begin trading on the Nasdaq in New York by the end of October this year after they were approved.
As reported previously, the royalty firm believes a secondary Nasdaq listing will provide further exposure to US trading and ultimately improve the company's "overall profile and enhance shareholder value".
"Vox has fundamentally transformed since its initial public listing in May 2020 and our secondary listing on the Nasdaq represents another step to unlock shareholder value," said Kyle Floyd, the CEO, in a statement.
"With the Nasdaq listing, we expect enhanced trading liquidity in the US market along with a broader base of institutional and retail investor engagement, as we continue delivering on our differentiated strategy of disciplined growth and sector-leading returns on royalty acquisitions.
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"We remain confident that the fundamental value created by Vox's proprietary royalty acquisition model will eventually be reflected in our share price, particularly with enhanced liquidity on the Nasdaq."
On the Nasdaq, shares will change hands under the ticker 'VOXR'. They will continue to trade on the TSX Venture Exchange under the ticker symbol 'VOX'.
Concurrent with the start of trading on the Nasdaq, Vox intends to cease the quotation of its shares on the OTCQX.
Vox already has a portfolio of over 50 royalties and streams spanning eight jurisdictions. Established in 2014, the company says it has since built unique intellectual property (IP), a technically focused transactional team and a global sourcing network. Since the beginning of 2020, Vox has announced over 20 separate transactions to acquire over 50 royalties.
Contact the writer at giles@proactiveinvestors.com