Fort Technology Inc. has announced that its board of directors has approved a strategic initiative to pursue an uplisting of the Company's common shares to the Nasdaq Capital Market. The Company, currently listed on the TSX Venture Exchange under the symbol FORT, believes this move will provide enhanced visibility, greater liquidity for its shareholders, and access to a broader pool of institutional and retail investors in the United States and internationally.
Management intends to commence the necessary preparations, including engaging advisors, preparing required filings with the U.S. Securities and Exchange Commission, and satisfying Nasdaq's listing requirements. The Company operates as an established manufacturer and seller specializing in a range of amateur and professional products for the pest control and remedial repair industry. Its material subsidiary, Fort Products Limited, has experience dating back to 2005 within the pest control industry.
The potential uplisting represents a significant milestone for the Company's growth strategy. A Nasdaq listing typically offers companies increased analyst coverage, higher trading volumes, and greater prestige within global financial markets. For shareholders, this could translate to improved share price discovery and more efficient capital markets access. The broader implications extend to the pest control industry, where enhanced capital access could support research, development, and expansion initiatives.
However, the Company notes there can be no assurance that the uplisting will be completed or as to the timing of any such uplisting. The announcement contains forward-looking information within the meaning of applicable securities laws, reflecting the Company's views with respect to future events. Such statements are subject to risks, uncertainties and assumptions, including those detailed in documents filed under the Company's profile on SEDAR+ at https://www.sedarplus.ca. Factors that could cause actual results to differ materially include obtaining requisite regulatory and stock exchange approvals, continued availability of capital and financing, general economic conditions, and competitive pressures.
The strategic pursuit of a Nasdaq listing follows nearly twenty years of industry experience through Fort Products Limited. While the Company believes expectations expressed in forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Investors should consider the risks and uncertainties included in the Company's regulatory filings, accessible through the SEDAR+ system at https://www.sedarplus.ca. The original news release announcing this development can be viewed on https://www.newmediawire.com.
