Business
Cathedra Bitcoin Announces Resumption of Trading on the TSXV
Toronto, Ontario--(Newsfile Corp. - August 1, 2024) - (Block Height: 854,950) - Cathedra Bitcoin ...
About this update from Cathedra Bitcoin Inc
[{"type":"text","content":"\nCathedra Bitcoin Announces Resumption of Trading on the TSXVToronto, Ontario--(Newsfile Corp. - August 1, 2024) - (Block Height: 854,950) - Cathedra Bitcoin Inc. (TSXV: CBIT) (\"Cathedra\" or the \"Company\") is pleased to announce that it has received its final bulletin from the TSX Venture Exchange (the \"TSXV\") in connection with the completion of its previously announced business combination (the \"Transaction\"), with Kungsleden, Inc., a developer and operator of alternative high-density compute infrastructure, and that the Company's subordinate voting shares are scheduled to commence trading on the TSXV on August 6, 2024.Cathedra also announces that it has engaged Integral Wealth Securities Limited (\"Integral\") to provide services as a market maker in compliance with the policies and guidelines of the TSXV and other applicable legislation. Integral will trade subordinate voting shares of the Company on the TSXV and other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's subordinate voting shares. Under the agreement with Integral, Integral will receive a cash fee equal to $7,000 per month, plus applicable taxes. The initial term of the agreement is three months from the date of execution, after which, the agreement may be terminated by Cathedra upon 30 days' notice to Integral. There are no performance factors contained in the agreement and Integral will not receive shares or options as compensation. Integral and the Company are unrelated and unaffiliated entities and at the time of the agreement, to the knowledge of the Company, neither Integral nor its principals have an interest, directly or indirectly, in the securities of the Company. The agreement is subject to the ‎approval of the TSXV.‎Integral is a member of the Canadian Investment Regulatory Organization (\"CIRO\") and can access all ‎Canadian Stock Exchanges and Alternative Trading Systems. The capital and securities required for any ‎trade undertaken by Integral as principal will be provided by Integral. ‎ Integral is an independent CIRO-licensed investment dealer engaged in ‎market making, investment banking and wealth management. Headquartered in Toronto, the firm ‎operates from nine offices across Canada.In connection with the Transaction, th...