Viemed To Centralize Market For Common Shares On NASDAQ Through Voluntary Delisting From TSX
Portfolio Pulse from Benzinga Newsdesk
Viemed Healthcare, Inc. (VMD) has received approval to voluntarily delist its common shares from the Toronto Stock Exchange (TSX) to centralize trading on NASDAQ. The delisting will be effective after market close on December 21, 2023. This move aims to consolidate trading volumes, enhance market efficiency, and increase long-term liquidity and shareholder value on NASDAQ. Viemed's shares will continue to trade on NASDAQ under the symbol 'VMD', and Canadian shareholders will still be able to trade through their brokers on NASDAQ.
December 07, 2023 | 2:02 pm
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POSITIVE IMPACT
Viemed Healthcare's delisting from TSX and focus on NASDAQ trading is expected to streamline operations and potentially enhance liquidity and shareholder value.
The delisting from TSX and centralization of trading on NASDAQ is likely to be viewed positively by investors as it may lead to increased liquidity and efficiency. The company's statement indicates a strategic move to optimize administrative processes and concentrate trading activity, which could be beneficial for the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100