First Phosphate Uplists 10-for-1 ADRs to Nasdaq Global Market Under PHOS
Updated
Updated · Yahoo Finance · Aug 10
First Phosphate Uplists 10-for-1 ADRs to Nasdaq Global Market Under PHOS
3 articles · Updated · Yahoo Finance · Aug 10
Summary
August 10 marks the start of trading for First Phosphate’s Level 2 ADRs on Nasdaq Global Market under ticker PHOS, replacing its prior OTCQX Level 1 ADR listing.
The ADR ratio stays at 10 common shares for 1 ADR, and existing OTCQX ADRs will be automatically converted into Nasdaq-tradable Level 2 ADRs.
BNY Mellon remains the depositary bank, and investors can convert common shares into ADRs at no cost through December 31, 2026.
First Phosphate said the uplisting does not involve a new securities offering, additional share issuance or capital raising, and leaves its other listings unchanged.