PyroGenesis Canada applies for NASDAQ listing

January 6, 2021

PyroGenesis Canada develops and manufactures plasma atomised metal powders and supplies plasma-based metal powder production technology (Courtesy PyroGenesis Canada Inc)

PyroGenesis Canada Inc., Montreal, Quebec, Canada, a developer and manufacturer of plasma atomised metal powders and a supplier of plasma-based metal powder production technology, has submitted an application to list its common shares on the NASDAQ Stock Exchange. The company will reportedly continue to maintain the listing of its shares on the Toronto Stock Exchange (TSX), and would trade on both exchanges under the ticker symbol ‘PYR’.

The listing of PyroGenesis’ shares on the NASDAQ remains subject to the approval of NASDAQ and the satisfaction of all applicable listing and regulatory requirements. Based on its typical review process, this usually takes 6–8 weeks, PyroGenesis expects that its shares will be listed before the end of Q1 2021.

According to the company, there will be no concurrent financing associated with this listing nor a reverse stock split. PyroGenesis has engaged Nelson Mullins Riley & Scarborough LLP as its US legal counsel to process the listing and, in connection with its application, the company states that it will file a Form 40-F Registration Statement with the United States Securities and Exchange Commission (SEC).

“We believe the company is entering a heightened growth phase and the timing could not be better for uplisting our shares to NASDAQ,” stated P Peter Pascali, CEO & chair of PyroGenesis. “We expect that the move to NASDAQ will increase awareness of PyroGenesis and its offerings, both within the financial community and amongst potential clients.”

“We believe this listing will also enhance trading liquidity by broadening our appeal to a larger shareholder base, in the US and internationally, as we execute our business plan and drive long-term shareholder value. We are very much looking forward to elevating the company’s profile with this listing,” he concluded.

www.pyrogenesis.com

Latest Industry News

Download the latest issue of PM Review

Our latest issue is now available to download in PDF format, free of charge.

As well as an extensive Powder Metallurgy industry news section, this 88-page issue includes the following exclusive articles and reports:

  • Arcast: A decade of innovation and a bright future for metal powder atomisation
  • Particle characterisation of metal powders with dynamic image analysis and laser diffraction
  • JPMA Awards 2020: A showcase of innovation in PM for new and existing applications
  • Understanding how the surface area of metal powders influences Additive Manufacturing
  • Euro PM2020: PM functional materials in energy management and magnetic applications
  • More information

Industry News

E-newsletter

Sign up to our free e-newsletter, sent weekly to industry professionals around the world. We'll also let you know each time a new issue of PM Review magazine is available.

Subscribe for a FREE digital magazine

PM Review is the leading international magazine for the Powder Metallurgy industry.
Published four times a year, it is available as a free download or through a print subscription

Connect with us

Powder Metallurgy: The original net-shape production process

Powder Metallurgy components are relied upon by a wide variety of manufacturing industries, from automotive to power tools, household appliances, chemical engineering, filtration and more.

The main reason for the technology’s success is its cost-effectiveness at producing high volumes of net-shape components, combined with its ability to allow the manufacture of products that, because of the production processes, simply cannot be manufactured by other methods.

To discover more about how the technology has revolutionised component production, browse our Introduction to Powder Metallurgy.

Latest industry news

Copy link
Powered by Social Snap