- Carbon emission reduction company, dynaCERT (TSXV:DYA) has received final approval to list its shares on the Toronto Stock Exchange
- On July 7, the company will delist from the TSX Venture Exchange, and start trading its shares on the TSX
- dynaCERT will continue to trade under its current symbol, DYA, after the graduation to the TSX
- On July 8, the company will issue 200,000 common shares at C$0.71 each, in relation to a legal settlement
- dynaCERT (DYA) is up 11.11 per cent and is currently trading at $0.70 per share
Carbon emission reduction company, dynaCERT (TSXV:DYA) has received final approval to list its shares on the Toronto Stock Exchange.
The company’s graduation to the TSX depended on it meeting a number of conditions and requirements before August 12, 2020. This included completing a traditional underwritten prospectus offering and raising at least C$5 million in gross proceeds.
Having done so, dynaCERT can now move from the TSX Venture Exchange to its new home at the TSX.
At market open on July 7, 2020, the company’s common shares will be delisted from the TSX Venture Exchange. They will concurrently commence trading on the TSX, using the same symbol, DYA.
On the same day, dynaCERT will list warrants issued through the underwritten prospectus financing on the TSX, under the symbol DYA.WT. The $8.37 million prospectus financing resulted in the issuance of 6.15 million warrants, at an exercise price of $1.00 per share.
Those warrants will expire on June 18, 2022.
dynaCERT’s President and CEO, Jim Payne, commented on the company’s long-awaited listing on the TSX.
“Our unique hydrogen-based innovation provides Carbon Emissions Reduction Technology, while at the same time reducing fuel consumption.
“With future Carbon Credits, applicable throughout every diesel engine worldwide, we are attracting international investor attention, and are very pleased to graduate to the prestigious Toronto Stock Exchange.
“This valued Canadian recognition as a growing ESG company is yet another major step forward in our global developments,” he said.
On July 8, the company will issue 200,000 common shares at $0.71 per share, in relation to a legal settlement.
The company has also granted 5.41 million options to its employees, consultants, senior officers, and directors. The options are exercisable into one common share at $0.70 each, for a five-year period.
dynaCERT (DYA) is up 11.11 per cent and is trading at $0.70 per share at 10:46am EDT.