- Approved for listing on the OTCQB ® Venture Market (“OTCQB ®”), a US trading platform that is operated by the OTC Markets Group in New York.
- Effective tomorrow February 4, the Company will commence trading on the OTCQB ® under the symbol KWEMF.
Company establishes U.S. subsidiary and operating facility in Stafford, VA
Ottawa, Ontario–(February 3, 2021) – KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today announced that its common shares have been approved for listing on the OTCQB ® Venture Market (“OTCQB ®”), a US trading platform that is operated by the OTC Markets Group in New York. Effective tomorrow February 4, the Company will commence trading on the OTCQB ® under the symbol KWEMF.
The Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol KWE. Investors can find real-time quote and other information on the Company at https://www.otcmarkets.com/stock/KWEMF/overview. In addition, the Company is pleased to announce that it has received DTC eligibility by The Depository Trust Company (“DTC”) for electronic settlement and transfer of its common shares in the United States.
KWESST Executive Chairman, David Luxton, commented that, “We have a strong concentration of business with military customers in the U.S., so it makes sense to be listed there. As well, there is obviously a much larger potential investor base in the U.S. with an appetite for exposure to our kind of business. We expect this will expand our shareholder base and the liquidity of the stock to the benefit of all shareholders.”
The Company added that in conjunction with its U.S. listing it has established a wholly-owned U.S. subsidiary and operating facility in Stafford, VA where KWESST systems can be assembled and showcased for U.S. customers.
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Tags: CSE, defense stocks, General (Retired) Rick Hillier, investing, military, Samsung