" class="no-js "lang="en-US"> SMART VALOR receives conditional approval for listing on Nasdaq
Monday, March 27, 2023
MPE 2023

SMART VALOR receives conditional approval for listing on Nasdaq First North Growth Market

SMART VALOR AG (“SMART VALOR” or the “Company”) has applied for and received conditional approval for admission to trading (the “Listing”) of the Company’s Swedish depository receipts (SDRs) on Nasdaq First North Growth Market (“Nasdaq First North”). In conjunction with the Listing, the Company intends to carry out an issue of SDRs to institutional investors and the public in Sweden (the “Offering”).

The Company is preparing a company description that will be published on Mangold Fondkommission AB’s website and the Company’s website through a press release prior to the Listing. More information about the Offering will be communicated at a later stage.

The conditional approval from Nasdaq Stockholm AB contains customary conditions in line with Nasdaq First North’s rulebook, such as the distribution requirement regarding SMART VALOR’s SDRs is fulfilled ahead of the planned Listing on Nasdaq First North and that the Company publishes a company description. Additionally, the approval is conditional on that the Company completes the Offering according to plan and that sufficient proceeds is received through the Offering to cover the Company’s working capital needs for the upcoming twelve months, that the Company submits a copy of a signed depository agreement with Euroclear Sweden, completes Nasdaq training for board and management as well as no later than two days before the first day of trading, update its website in accordance with regulations.

Olga Feldmeier, Chairman of the Board and co-founder, comments

“Today, blockchain and digital assets belong to one of the most important technological innovations. Due to the early stage of the industry, the best practice of governance, compliance and transparency have not yet been broadly established. By becoming a public company, SMART VALOR aims to stand out as one of the early industry leaders in terms of corporate governance and transparency. This will increase our credibility and facilitate the build-out of our B2B business with traditional banks and fintech companies.
Additionally, becoming the first European digital asset exchange listed on Nasdaq First North will provide more trust and security to all investors and stakeholders due to the high-quality standards and requirements of Nasdaq regarding financial transparency, reporting, information disclosures and corporate governance practice.”

People In This Post

Companies In This Post

  1. Allica Bank launches five-year interest-only commercial mortgages Read more
  2. 8G Capital, Boutique Financial Advisory Firm Offers Citizenship by Investment Read more
  3. Korea Cross-Border FinTech E9pay and Shinhan Bank Join Forces to Promote Convergence and New Business Opportunities Read more
  4. Tom Mcfarland – Novidea – Insurtech Insights Europe 2023 Read more
  5. VeUp Targets Fintech Industry With Acquisition of M3 Payments Technology Suite Read more
Paris Fintech Forum