XPEL Announces Voluntary Delisting From TSX Venture Exchange
August 16 2019 - 8:30AM
Business Wire
XPEL, Inc. (Nasdaq: XPEL; TSXV: XPEL.U), a global provider of
protective films and coatings, announced that it has applied to
voluntarily delist its common stock from the TSX Venture Exchange
(“TSXV”). Accordingly, it is anticipated that, effective at the
close of markets on August 30, 2019, the Company’s shares will no
longer be traded on the TSXV but will continue to trade on the
Nasdaq Capital Market (“Nasdaq”) under the symbol “XPEL”.
Trading on the Nasdaq represents the vast majority of the
Company’s trading volume. Given the relatively low trading volume
of its shares on the TSXV and the liquidity provided by the
Company’s Nasdaq listing, the Company determined that the costs
associated with maintaining a dual listing were no longer
justified.
Upon completion of the delisting, Canadian shareholders will be
able to continue to trade their shares though Nasdaq.
About XPEL, Inc.
XPEL is a leading provider of protective films and coatings,
including automotive paint protection film, surface protection
film, automotive and architectural window films and ceramic
coatings. With a global footprint, a network of trained installers
and proprietary DAP software, XPEL is dedicated to exceeding
customer expectations by providing high-quality products, leading
customer service, expert technical support and world-class
training. XPEL, Inc. (Nasdaq: XPEL; TSXV: XPEL.U) is publicly
traded on Nasdaq and the TSX Venture Exchange.
Safe harbor statement
This release includes forward-looking statements regarding XPEL,
Inc. and its business, which may include, but is not limited to,
the delisting of its shares from the TSXV and the timing thereof.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans," "is expected," "expects,"
"scheduled," "intends," "contemplates," "anticipates," "believes,"
"proposes" or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results
"may," "could," "would," "might" or "will" be taken, occur or be
achieved. Such statements are based on the current expectations of
the management of XPEL. The forward-looking events and
circumstances discussed in this release may not occur by certain
specified dates or at all and could differ materially as a result
of known and unknown risk factors and uncertainties affecting the
company, performance and acceptance of the company's products,
economic factors, competition, the equity markets generally and
many other factors beyond the control of XPEL. Although XPEL has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended. No forward-looking statement
can be guaranteed. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which
they are made and XPEL undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20190816005043/en/
Investor Relations: John Nesbett/Jennifer Belodeau IMS Investor
Relations Phone: (203) 972-9200 Email: jnesbett@institutionalms.com
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