- WonderFi applies for Nasdaq listing and SEC registration.
- The Canadian crypto platform’s stock began trading on Toronto Stock Exchange in July.
- WonderFi has revealed its expansion strategy.
A recent announcement made by Canadian cryptocurrency marketplace, WonderFi, stated that it had simultaneously filed a registration statement with the Securities and Exchange Commission (SEC) in the United States in addition to applying to list its common shares on the Nasdaq Capital Market.
Ben Samaroo, CEO of WonderFi, said:
Submission for listing on NASDAQ and registration with the SEC is an important step for WonderFi as we continue to expand the company in the United States and globally.
Listing of the shares on NASDAQ and registration in the United States are both still contingent on receiving approval from both NASDAQ and the SEC, in addition to meeting all relevant listing and regulatory criteria in their entirety. There is no way to know for sure whether or not such authorization will be granted or whether or not the listing of the shares will go through in the end.
“Pursuing both a NASDAQ listing and registration of the Shares in the United States enables the Company to accelerate its previously announced international expansion strategy to enhance shareholder value while attracting institutional and retail investors globally,” the company shared in a statement.
WonderFi’s stock began trading on the Toronto Stock Exchange in July to broaden the pool of potential buyers of the company’s shares to increase the company’s value on a global scale.
In related developments, WonderFi, revealed earlier this month that it launched its application process in various countries, including the United States, the United Kingdom, and Australia.