Shape Robotics, a leading robotics company, has announced its decision to seek admission to trading and official listing of its shares on the Nasdaq Copenhagen Main Market. This move follows the company’s application for the deletion of its shares from trading on the Nasdaq First North Growth Market Denmark.
The transition to the Main Market aligns with Shape Robotics’ long-term strategic goals and growth plans. By being listed on the Main Market, the company aims to attract a broader range of institutional investors both domestically and internationally. This increased investor interest will provide Shape Robotics with greater opportunities to expand and further establish its presence in European markets.
Furthermore, as an international corporation with subsidiaries abroad, a listing on the Main Market enhances transparency and visibility for Shape Robotics’ global workforce and public institutions who benefit from the company’s innovative products and services. This listing demonstrates the company’s commitment to excellence and its ambition to become a prominent player in the robotics industry.
Jeppe Frandsen, Chairman of Shape Robotics’ board, expressed his excitement about this significant milestone in the company’s journey. He commended the dedication and hard work of the entire Shape Robotics team, acknowledging their instrumental role in the company’s success.
The anticipated timetable for the transfer of Shape Robotics’ shares to the Nasdaq Copenhagen Main Market is as follows: the publication of a listing prospectus by November 17, 2023, the last day of trading on the Nasdaq First North Growth Market Denmark on November 17, 2023, and the first day of trading and official listing on the Nasdaq Copenhagen Main Market on November 20, 2023.
For additional information and investor relations, interested parties can contact Jeppe Frandsen, Chairman of Shape Robotics, and André Fehrn, CEO, via the provided email address ([email protected]). Further updates will be available on the company’s official website.
1. Why is Shape Robotics seeking listing on the Nasdaq Copenhagen Main Market?
Shape Robotics aims to attract a wider range of institutional investors and expand its presence in European markets. The listing on the Main Market provides increased visibility and transparency for the company’s global workforce and public institutions, further supporting its growth objectives.
2. What are the anticipated benefits of this listing?
By transitioning to the Main Market, Shape Robotics expects to gain access to a broader investor base, including institutional investors, both domestically and abroad. This will provide the company with greater opportunities for growth and market expansion.
3. What is the expected timeline for the transfer of shares?
The publication of a listing prospectus is anticipated by November 17, 2023. The last day of trading on the Nasdaq First North Growth Market Denmark is also November 17, 2023. The first day of trading and official listing on the Nasdaq Copenhagen Main Market is scheduled for November 20, 2023.