American Battery Technology Company Receives Approval For Listing On Nasdaq Exchange Under The Symbol "ABAT" With Trading Expected To Commence On Thursday, September 21, 2023
Portfolio Pulse from Benzinga Newsdesk
American Battery Technology Company (ABTC) has received approval to list its common stock on the Nasdaq Capital Market under the symbol 'ABAT', with trading expected to start on September 21, 2023. Prior to this, the company's shares were traded on the OTCQX under the symbol 'ABML'. The uplisting to Nasdaq is a strategic move for ABTC, aimed at enhancing shareholder value and expanding its reach in the capital markets.
September 20, 2023 | 7:53 pm
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NEUTRAL IMPACT
ABTC's shares, previously traded on the OTCQX under the symbol 'ABML', will now be listed on Nasdaq as 'ABAT'.
While the uplisting is a positive move for ABTC, it does not directly impact the performance of 'ABML' as it is essentially the same asset being traded on a different platform under a new symbol.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
ABTC's uplisting to Nasdaq under the symbol 'ABAT' is expected to enhance shareholder value and expand its reach in the capital markets.
The uplisting to Nasdaq is a significant milestone for ABTC, indicating its growth and potential. This could attract a broader investor base, potentially leading to increased demand for its shares and a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100