Digihost Technology (OTCMKTS:HSSHF) announces that it aims to consolidate their outstanding subordinate voting shares and proportionate voting shares (collectively referred to as Shares) on the basis of 3 pre-consolidation Shares for every 1 post-consolidation Share (Consolidation). This move is to enable a proposed listing of its subordinate voting shares on the NASDAQ Capital Market, while meeting the minimum share price requirement set by it.
As of now, there are 75,078,831 subordinate voting shares and 10,000 proportionate voting shares issued and outstanding, After the Consolidation, there will be around 25,026,277 subordinate voting shares and 3,333 proportionate voting shares issued and outstanding.
The company is pushing for the NASDAQ listing to build on investor profile, while boosting liquidity for its shareholders. Of course, the listing on NASDAQ is subject to approval of NASDAQ and satisfying all applicable listing and regulatory requirements. As of now, Digihost expects to retain its listing on the TSX Venture Exchange under the symbol “DGHI” and on the OTCQB under the ticker symbol “HSSHF”.
Michel Amar, CEO of Digihost states that uplisting the company’s shares from the OTC market to NASDAQ gives wider access to capital and institutional recognition. However., completion of the Consolidation depends on approval by the TSX Venture Exchange. A further update will be provided when the date of Consolidation is decided.