Maritime Launch Services Receives Conditional Approval to List on the Toronto Stock Exchange
Cboe CA: MAXQ | OTCQB: MAXQF
Overview
Maritime Launch Services Inc., developer of Spaceport Nova Scotia, announced that the Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Company's common shares (the "Common Shares"), subject to the Company satisfying the customary listing requirements of the TSX and receiving final approval, according to the company.
The Common Shares are expected to commence trading on the TSX under the symbol "MAXQ" and will continue to trade on Cboe Canada until trading commences on the TSX, the company stated. Maritime Launch will provide a further update confirming the dates of the anticipated commencement of trading on the TSX and the cessation of trading on Cboe Canada.
Key Highlights
- The TSX has conditionally approved the listing of Maritime Launch's Common Shares, subject to the Company satisfying customary listing requirements and receiving final approval.
- The Common Shares are expected to trade on the TSX under the symbol "MAXQ."
- The Common Shares will continue to trade on Cboe Canada until trading commences on the TSX.
- The Company will provide a further update confirming the dates of the anticipated commencement of trading on the TSX and cessation of trading on Cboe Canada.
- The Company has secured long-term agreements with the Government of Canada's Department of National Defence and Germany-based Isar Aerospace, according to the company.
Strategic/Operational Context
"Receiving conditional approval to list on the TSX is an important milestone for Maritime Launch as we continue to advance Spaceport Nova Scotia and Canada's sovereign launch capability," said Stephen Matier, President and CEO of Maritime Launch Services. "We have made significant progress in transitioning Spaceport Nova Scotia from development to execution, and our move to the TSX represents an important milestone in Maritime Launch's growth. This listing will strengthen our visibility in Canadian capital markets as we continue to build the infrastructure, deliver on our customer commitments and advance the operational capabilities needed to establish sovereign orbital launch capability in Canada."
The Company's listing to the TSX comes as Maritime Launch continues developing Spaceport Nova Scotia as a dual-use facility designed to support civil and defence-related space missions and provide launch services to domestic and international customers, according to the company. The Company has secured long-term agreements with the Government of Canada's Department of National Defence and Germany-based Isar Aerospace, reflecting growing demand for sovereign launch capabilities and the strategic importance of Canadian launch infrastructure, the company stated.
What to Watch Next
- A further update from the Company confirming the dates of the anticipated commencement of trading on the TSX.
- A further update from the Company confirming the date of cessation of trading on Cboe Canada.
- Satisfaction of the customary listing requirements of the TSX and receipt of final approval.
About Maritime Launch Services
Maritime Launch Services Inc. (CBOE: MAXQ, OTCQB: MAXQF) is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a dual-use commercial spaceport designed to support both civil and defence-related space missions. The spaceport will provide satellite launch services to domestic and international clients across the global commercial space market, supporting a wide range of orbital inclinations from a single location.
Spaceport Nova Scotia is Canada's first commercial orbital launch complex, enabling small and medium launch vehicles to place satellites into low Earth orbit. For more information, visit: www.maritimelaunch.com
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