Shape Robotics has submitted application for Nasdaq Copenhagen Main Market
Company Announcement No. 37-23
Copenhagen, 14. November 2023
With reference to company announcement no. 85-2022 and 97-2022, Shape Robotics today announces initiation of the process for admission to trading and official listing of Shape Robotics’ shares on Nasdaq Copenhagen Main Market
Shape Robotics has submitted an application for deletion of its shares from trading on Nasdaq First North Growth Market Denmark in connection with and conditional upon an application for its shares to be admitted to trading and official listing on Nasdaq Copenhagen Main Market under the Shape Robotics’ existing symbol “SHAPE” and under the ISIN code of the existing shares DK0061273125. There will not be any offering of securities for sale or subscription in connection with the listing.
The decision for the company to transition to the Main Market stems from an evaluation of the long term strategic objectives as part of the company's growth. Being listed on the Main Market, the management expects that the Company will be able to attract a wider range of institutional investors domestically and abroad.
Moreover, as an international corporation with foreign subsidiaries, a presence on the Main Market enhances visibility and transparency for the company's global workforce and public institutions who are the end-consumers of the company's products and services.
Chairman of the company’s board, Jeppe Frandsen comments:
“This represents another milestone in our company's remarkable journey, which began as a mere concept and has since been executed with excellence, culminating in an IPO on First North, robust growth, and now a listing on the Main Market. We want to expand further across European markets, now with the prestige of being a Main Market listed entity. I take pride in my association with this company and, on behalf of the board of directors, I extend my appreciation and congratulations to all the Shape Robotics team members.”
Shape Robotics expects Nasdaq Copenhagen to approve the deletion subject to and conditional upon the admission to trading and official listing of its shares on Nasdaq Copenhagen Main Market following the publication of a listing prospectus.
The expected timetable for the transfer of Shape Robotics’ shares to Nasdaq Copenhagen Main Market is contemplated as follows:
- Publication of listing prospectus no later than 17 November 2023 08:00 (CET)
- Last day of trading on Nasdaq First North Growth Market Denmark on 17 November 2023
- First day of trading and official listing on Nasdaq Copenhagen’s Main Market on 20 November 2023
Additional information and investor relations
Jeppe Frandsen, Chairman
André Fehrn, CEO
Email: [email protected]
CVR-nr. 38322656
www.shaperobotics.com
Certified Advisor
Grant Thornton
[Company Announcement]
