Abaxx Technologies Receives Conditional Approval to List on Cboe US Stock Exchange
2023年6月2日 - 8:00PM
Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXD)
(“Abaxx” or the “Company”), a financial software and market
infrastructure company, majority shareholder of the
Abaxx
Commodity Exchange (Abaxx Singapore Pte Ltd), and producer
of the
SmarterMarkets™ Podcast, is pleased to
announce that it has received conditional approval to list the
Company’s common shares (the “
Common Shares”) on
Tier 1 of the Cboe US Equities Exchange (the “
Cboe US
Exchange”), an innovative US securities exchange within
the Cboe Global Listings Network. Abaxx will retain its listing on
the Cboe Canada Exchange (formerly the NEO Exchange).
Trading of the Common Shares on the Cboe US
Exchange is expected to commence under the trading symbol “CBOE:
ABXX”. The Common Shares are also expected to trade on the Cboe UK
and Cboe EU exchanges under the ticker “36ND”. Trading under the
existing OTCQX ticker “ABXXD” is expected to cease and transfer to
the new ticker symbol “CBOE: ABXX” on the first day of trading on
the Cboe US Exchange. An announcement of the date for the
commencement of trading will be provided in a separate press
release.
“Upon the completion of listing, Abaxx is
expected to become the first North American and European
intra-listed issuer on the new global platform for the Cboe
Exchange, and we are thrilled about this opportunity to
simultaneously access the Canadian, US, EU and UK capital markets,”
said Abaxx CEO Josh Crumb. “By joining the Cboe Global Listings
Platform, Abaxx hopes to gain greater investor exposure, liquidity,
and capital raising opportunities to accelerate our growth. Cboe
and Abaxx share an innovative philosophy and pioneering spirit
toward fintech and exchange infrastructure — both considering
ourselves disruptive innovators in the industry.”
In addition to the anticipated intra-listing,
Abaxx is launching Abaxx Commodity Futures Exchange and
Clearinghouse, awaiting final regulatory approval from the Monetary
Authority of Singapore, to support trading and risk management with
physically-settled benchmark futures contracts in the commodity
markets critical to the energy transition.
“Cboe’s dedication to technology-driven
innovation and progress is aligned with Abaxx’s mission to advance
Smarter Markets,” said Abaxx Exchange CEO Nancy Seah. “We look
forward to utilizing Cboe's global reach to access a broader
investor base in North America and worldwide as we prepare for the
launch of Abaxx Exchange.”
About Abaxx Technologies
Abaxx is a development stage financial software
and market infrastructure company creating proprietary
technological infrastructure for both global commodity exchanges
and digital marketplaces. The company’s formative technology
increases transaction velocity, data security, and facilitates
improved risk management in the majority owned Abaxx Singapore Pte.
Ltd., operators of a commodity futures exchange and clearing house
seeking final regulatory approvals as a Recognized Market Operator
(“RMO”) and Approved Clearing House (“ACH”) with the Monetary
Authority of Singapore (“MAS”). Abaxx is a founding shareholder in
Base Carbon Inc. and the creator and producer of the
SmarterMarkets™ podcast.
For more information please
visit abaxx.tech, abaxx.exchange
and smartermarkets.media.
For more information about this press release, please
contact:
Steve Fray, CFOTel: 416-786-4381
Media and investor inquiries:
Abaxx Technologies Inc.Investor Relations TeamTel: +1 246 271
0082E-mail: ir@abaxx.tech
Forward-Looking Statements
This News Release includes certain
"forward-looking statements" which do not consist of historical
facts. Forward-looking statements include estimates and statements
that describe Abaxx or the Company’s future plans, objectives or
goals, including words to the effect that Abaxx expects a stated
condition or result to occur. Forward-looking statements may be
identified by such terms as “seeking”, “believes”, “anticipates”,
“expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”.
Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Although these statements
are based on information currently available to Abaxx, Abaxx does
not provide any assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release
includes, but is not limited to, Abaxx’ objectives, goals or future
plans, statements, timing of the commencement of operations and
estimates of market conditions. Such factors include, among others:
risks relating to the global economic climate; dilution; the
Company’s limited operating history; future capital needs and
uncertainty of additional financing; the competitive nature of the
industry; currency exchange risks; the need for Abaxx to manage its
planned growth and expansion; the effects of product development
and need for continued technology change; protection of proprietary
rights; the effect of government regulation and compliance on Abaxx
and the industry; network security risks; the ability of Abaxx to
maintain properly working systems; reliance on key personnel;
global economic and financial market deterioration impeding access
to capital or increasing the cost of capital; and volatile
securities markets impacting security pricing unrelated to
operating performance. In addition, particular factors which could
impact future results of the business of Abaxx include but are not
limited to: operations in foreign jurisdictions, protection of
intellectual property rights, contractual risk, third party risk;
clearinghouse risk, malicious actor risks, third-party software
license risk, system failure risk, risk of technological change;
dependence of technical infrastructure, an inability to predict and
counteract the effects of COVID-19 on the business of the Company,
including but not limited to the effects of COVID-19 on the price
of commodities, capital market conditions, restriction on labour
and international travel and supply chains. Abaxx has also assumed
that no significant events occur outside of Abaxx’ normal course of
business.
Abaxx cautions that the foregoing list of
material factors is not exhaustive. In addition, although Abaxx has
attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated or intended. When
relying on Abaxx forward-looking statements and information to make
decisions, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events.
Abaxx has assumed that the material factors referred to in the
previous paragraph will not cause such forward-looking statements
and information to differ materially from actual results or events.
However, the list of these factors is not exhaustive and is subject
to change and there can be no assurance that such assumptions will
reflect the actual outcome of such items or factors. The
forward-looking information contained in this press release
represents the expectations of Abaxx as of the date of this press
release and, accordingly, is subject to change after such date.
Readers should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. Abaxx does not undertake to update this information at
any particular time except as required in accordance with
applicable laws. The NEO Exchange does not accept responsibility
for the adequacy or accuracy of this press release.
Abaxx Technologies (NEO:ABXX)
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