Dotz Nano Expands Shareholder Reach in the U.S. with OTCQB Listing
DTZ (DTZ) Share Update September 2024 Sunday 29th
Dotz Nano Expands U.S. Shareholder Reach with OTCQB Listing
Dotz Nano Limited (ASX: DTZ; OTC: DTZZF/DTZNY), a leading developer of innovative climate and industrial nanotechnologies, has announced that its ordinary shares are now available for quotation on the OTCQB Venture Market in the United States.
Instant Summary:
- Dotz Nano's shares and ADRs are now quoted on the OTCQB Venture Market under the symbols DTZZF and DTZNY.
- The move responds to growing interest from U.S. institutional and retail investors.
- The OTCQB listing is non-dilutive, requiring no new capital or share issuance.
- Dotz Nano's primary listing remains on the Australian Stock Exchange (ASX).
Introduction to OTCQB Listing
Dotz Nano Limited, a pioneering company in climate and industrial nanotechnologies, has taken a significant step to expand its investor base by listing its ordinary shares on the OTCQB Venture Market in the United States. This move is in response to increasing interest from both institutional and retail investors in the U.S.
The company's shares will trade under the symbol DTZZF, while its American Depositary Receipts (ADRs) will be quoted under the symbol DTZNY. This dual listing aims to provide greater accessibility and liquidity for U.S. investors.
Benefits of OTCQB Listing
The OTCQB Venture Market is known for offering transparent trading for entrepreneurial and development-stage companies. To qualify for this market, companies must meet enhanced financial and securities reporting standards, pass a bid test, and undergo annual verification. This ensures a regulated and fair trading environment for investors.
Dotz Nano's CEO, Sharon Malka, expressed optimism about the listing, stating, 'We are pleased to have both our ordinary shares and ADRs quoted on the OTCQB Venture Market. This step comes in response to increasing interest from institutional and retail investors in the U.S. We believe this will help support our efforts to scale our technologies worldwide and diversify our shareholder base, while continuing to meet our current obligations to the ASX.'
Non-Dilutive Listing
Importantly, the secondary quotation on the OTCQB is non-dilutive, meaning no additional capital will be raised, and no new shares will be issued. This ensures that existing shareholders' stakes are not diluted. The company's primary listing will remain on the Australian Stock Exchange (ASX), providing a stable foundation for its global operations.
Market Accessibility
U.S. investors can now access real-time quotes and current financial disclosures for Dotz Nano on the OTC Markets website. This increased transparency and accessibility are expected to enhance the company's shareholder value and liquidity.
Viriathus Capital LLC acted as the company's OTC Markets Sponsor, facilitating the listing process. This announcement has been authorized for release by the Board of Directors of Dotz Nano.
The listing on the OTCQB Venture Market is likely to positively impact Dotz Nano's stock by increasing its visibility and accessibility to U.S. investors. This could lead to higher trading volumes and potentially a more favorable valuation. The non-dilutive nature of the listing reassures existing shareholders that their stakes will not be diluted, which is a positive signal for investor confidence.
Investor Reaction:
Analysts are likely to view this move favorably, as it opens up a new market for Dotz Nano and responds to growing investor interest. The company's commitment to maintaining its ASX obligations while expanding its reach is seen as a strategic move to enhance its global presence.
Conclusion:
Investors should keep an eye on Dotz Nano's performance on the OTCQB Venture Market and consider the potential long-term benefits of increased market accessibility. The company's strategic expansion into the U.S. market could offer new opportunities for growth and shareholder value.