Proactive Investors - PyroGenesis Canada Inc. (TSX:PYR) told investors its shares began trading on the OTCQX Best Market on November 16, 2023, under the symbol "PYRGF."
The company said this followed its strategic decision to voluntarily delist from NASDAQ, also from November 16. Its shares continue to be listed on the Toronto Stock Exchange under the symbol “PYR.”
“We are pleased that having PyroGenesis’ shares quoted on the OTCQX Best Market provides investors with continuing access to n SEC-regulated public market,” CEO P. Peter Pascali commented in a statement.
“The decision to transition from NASDAQ to OTCQX reflects our commitment to optimizing operational efficiency and reducing the complexities associated with dual listing. This strategic change allows us to streamline our operations, reinforcing our commitment to finding sustainable solutions and maximizing shareholder value.”
The company noted that trading on the OTCQX offers companies efficient, cost-effective access to the US capital markets. It is also the highest market tier of OTC Markets Group Inc. (OTC:OTCM), which operates markets on which over 11,000 US and global securities trade.
PyroGenesis Canada is a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants,
~Updated with CEO comment~