Metals Acquisition Says It Is Progressing Australian Securities Exchange Dual Listing With Lodgement of Prospectus
Portfolio Pulse from Benzinga Newsdesk
Metals Acquisition Corp (MTAL) is moving forward with its plans for a dual listing on the Australian Securities Exchange (ASX) by lodging a prospectus. This step is part of the process to allow shares of MTAL to be traded on the ASX in addition to their current listing on the US stock exchange.
January 26, 2024 | 11:43 am
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Metals Acquisition Corp's move to lodge a prospectus for a dual listing on the ASX indicates the company's expansion strategy and could potentially increase its investor base and liquidity.
The dual listing of MTAL on the ASX is likely to have a positive short term impact on the stock price as it may attract new investors from the Australian market, increase the stock's liquidity, and demonstrate the company's growth ambitions. However, the actual impact will depend on investor perception and market conditions at the time of listing.
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