Drone Delivery Canada has received an admission to the Nasdaq Stock Market’s International Designation program.
Effective from June 6 under the symbol “OTC – Nasdaq Intl: TAKOF”, the move is set to provide DDC with access to investor marketing programs and investor relations services.
It could also increase the visibility of the company to the US investment community and US market makers.
Commenting on the news, Tony Di Benedetto, CEO, said: “The Nasdaq International Designation program will aid in expanding the Company’s visibility across U.S. capital markets and increase shareholder access and liquidity.”
The release went on to detail how member companies of the Nasdaq International Designation are not listed or traded on The Nasdaq Stock Exchange and are not subject to the same listing or qualification standards applicable to securities listed or traded on that exchange.
Adding that the program does not impose SEC filing requirements but must demonstrate compliance with the standards on its most recent filings with its home regulator or exchange.