ANDOVER, Mass., Aug. 12, 2021 /CNW/ -- Byrna Technologies Inc.
(NASDAQ: BYRN) (CSE: BYRN) ("Byrna" or "the Company") today
announced that it has filed a request with the Canadian Securities
Exchange (the "CSE") to voluntarily delist its shares of common
stock from the CSE. Byrna's shares will continue to be listed
on the NASDAQ Capital Markets ("Nasdaq").
Byrna's shares began trading on the Nasdaq on May 5, 2021 under the symbol "BYRN", with the
result that in excess of 95% of the Company's shares currently
trade on the Nasdaq. Given the volume of trading on the Nasdaq, the
Company does not expect any adverse impact on the liquidity or
value of the Company's shares and expects to generate savings in
fees and resources associated with a dual listing.
Byrna has requested that the CSE grant its request effective
upon the close of business on Thursday,
August 19, 2021 and anticipates that upon the open of the
trading day on Friday August 20,
2021, the Company's shares will only trade on the
Nasdaq.
The Company expects to continue to be a reporting issuer in
certain jurisdictions in Canada
and remain subject to continuous disclosure requirements under
applicable securities laws in Canada.
The Company has confirmed that Nasdaq listed securities are
designated as a "qualified investment" for the purposes of
maintaining Byrna shares in Canadian Registered Savings Plans,
including RRSP, RESP, RRIF, RDSP and TFSA.
About Byrna Technologies Inc.
Byrna is a technology company, specializing in the development,
manufacture, and sale of innovative non-lethal personal security
solutions. For more information on the Company, please visit
the corporate website here or the Company's investor relations site
here. The Company is the manufacturer of the Byrna® HD personal
security device, a state of the art handheld CO2 powered launcher
designed to provide a non-lethal alternative to a firearm for the
consumer, private security, and law enforcement markets. To
purchase Byrna products, visit the Company's e-commerce store
www.byrna.com.
Forward Looking Information
This news release contains "forward-looking statements" within
the meaning of the U.S. and Canadian securities laws. All
statements contained in this news release, other than statements of
current and historical fact, are forward-looking. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "projects", "intends",
"anticipates" and "believes" and statements that certain actions,
events or results "may", "could", "would", "should", "might,"
"occur", "be achieved" or "will be taken." Forward-looking
statements in this news release include delisting of the shares
from the CSE (including timing of such delisting), continued
trading on the Nasdaq, the liquidity and value of the shares on the
Nasdaq, and costs savings resulting from the delisting of the share
from the CSE. Forward-looking statements are not, and cannot be, a
guarantee of future results or events. Forward-looking statements
are based on, among other things, opinions, assumptions, estimates
and analyses that, while considered reasonable by the Company at
the date the forward-looking information is provided, inherently
are subject to significant risks, uncertainties, contingencies and
other factors that may cause actual results and events to be
materially different from those expressed or implied. Any number of
risk factors could affect our actual results and cause them to
differ materially from those expressed or implied by the
forward-looking statements in this news release, including the
CSE's response to the request or a change in the Company's status
or trading volume on the Nasdaq. The Company assumes no obligation
to update or revise any forward-looking information, except as
required by applicable law.
SOURCE Byrna Technologies Inc.