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#Bull Case
stale
Added 3 years ago

For those interested we finally have some have timeframe to target as ABR prepares to list....see below.

 

ABR US LISTING SET TO BENEFIT FROM NORTH AMERICAN BORON MARKET SUPPLY CONSTRAINTS HIGHLIGHTS:

• Initial US SEC* filing for US listing targeted for October 2021 with NASDAQ listing expected in Q1, CY2022  • Boron specialties business is ramping up with partner discussions focused on high margin, and high-       performance boric acid derivative products                                                                                                         • North American boron market supply constraints increasing * US Securities and Exchange Commission  American Pacific Borates Limited (ASX:ABR) (ABR or the Company) is pleased to provide an update on its positive progress with respect to its complimentary US listing and North American boron constraints that are likely to benefit its Fort Cady Integrated Boron Facility in Southern California. Short-Term Milestones 1. Initial SEC filing for complimentary US listing – October 2021 2. US listing – Q1, CY2022 Complimentary US Listing Timeline The Company, in collaboration with US legal counsel, has prepared a draft of the initial SEC form required to formally initiate the complimentary US listing process. This form will be finalised when the Company’s 30 June 2021 financial statements are converted to US GAAP standards and then audited by the Company’s US auditors. This process is expected to be completed in October 2021. Assuming the October 2021 timeline is achieved, the Company expects to complete the US listing in Q1, CY2022 to enable trading of its securities on the NASDAQ in that quarter.

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