Logiq, Inc, a global provider of award-winning eCommerce and fintech solutions, has received Conditional Approval to list its common stock on the NEO Exchange (NEO) in Canada in connection with its previously announced proposed initial public offering. Final Approval is subject to Logiq fulfilling all remaining conditions and listing requirements.
Read More: XPO Logistics Receives Intel Award For COVID-19 Response
Upon completion, Logiq’s common stock will be listed on a senior Canadian exchange enabling increased exposure to retail and institutional investors. Logiq’s common stock will continue to trade in the U.S. on the OTCQX market.
“This conditional approval confirms we are moving closer to our listing on the NEO,” stated Brent Suen, executive chairman and president of Logiq. “As a Tier 1 Canadian exchange, NEO exemplifies how state-of-the-art exchange trading technology can help increase investor confidence and visibility, improve liquidity, and elevate our company’s global profile.”
Since January of last year, Logiq acquired three leading eCommerce platforms and expanded its global presence. Its product offerings now extend from mobile commerce and fintech solutions for small-to-medium-sized businesses (SMBs) to AI-powered customer acquisition for major enterprises and brands.
Read More:Groove And Seismic Announce New Integration For Building Lasting Relationships And Accelerating…
Logiq’s customer relationships now range from hundreds of thousands of SMBs around the world to publicly traded Fortune 1000 companies. Among the company’s notable customers are QuinStreet (a marketing technology company), Purple (the creator of the renowned Purple mattress) and Sunrun (a solar company).
Logiq recently engaged Toronto-based Mackie Research Capital Corporation, one of Canada’s largest and long-established independent full-service investment firms, as its Canadian capital markets advisor.
There can be no assurance that Logiq will satisfy all remaining applicable requirements for listing its common shares on NEO, that its application for listing will be approved or that a receipt for its final prospectus will be issued.