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Quarterhill Announces Filing of Form 25 and Application to List Common Shares on OTCQX
Quarterhill Announces Filing of Form 25 and Application to List Common Shares on OTCQX ...
About this update from Quarterhill Inc
[{"type":"text","content":"\n\n\n\nQuarterhill Announces Filing of Form 25 and Application to List Common Shares on OTCQX\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nKITCHENER, ON, Dec. 18, 2019\n\n\n\nCommon Shares will be delisted from Nasdaq at the open of trading on December 23, 2019 Common Shares expected to be listed and tradable on the OTCQX Market on December 23, 2019 under the symbol \"QTRHF\" Quarterhill still expects to save approximately CDN$1.0 million per year from these developments KITCHENER, ON, Dec. 18, 2019 /CNW/ - Quarterhill Inc. (\"Quarterhill\" or the \"Company\") (TSX: QTRH) (NASDAQ: QTRH) today announced that further to its press release dated December 3, 2019, and as part of the delisting of its common shares (the \"Common Shares\") from the Nasdaq Global Select Market (the \"Nasdaq\"), on December 13, 2019 the Company filed a Form 25 with the United States Securities and Exchange Commission (the \"SEC\"). As a result of this filing, the last day of trading for the Company's shares on Nasdaq will be December 20, 2019 and the Company's shares will be delisted from Nasdaq at the open of trading on December 23, 2019.\nSince announcing its voluntary delisting from the Nasdaq on December 3, 2019, the Company has heard directly from some US shareholders of unexpected challenges in trading their Common Shares on the Toronto Stock Exchange (\"TSX\") through certain US broker dealers. These challenges appear to reflect a lack of familiarity with the TSX by such broker dealers. As a result, to continue to support its US shareholders, the Company plans to apply to list its Common Shares on the United States OTCQX Market. The OTCQX Market is a well-established US financial market for promising, investor-focused US and international companies. Subject to completing the application process, Quarterhill expects its Common Shares to be listed and tradable on the OTCQX Market as of December 23, 2019 under the symbol \"QTRHF\".\nQuarterhill will continue to comply with all of its Canadian continuous disclosure and corporate governance obligations and in addition to i...