XPEL Inc., a global provider of protective films and coatings, today announced that its registration statement on Form 10 has been declared effective by the U.S. Securities and Exchange Commission (SEC) and the company’s common stock will begin trading on the Nasdaq Stock Market (NASDAQ) effective with the opening of trading on July 19. Shares of the company’s common stock will trade under the symbol “XPEL.”
Ryan Pape, president and CEO of XPEL, commented, “Our listing on NASDAQ is an exciting milestone for our company that we’ve been considering and working toward for quite some time. As a Texas-based company, it makes sense for XPEL to trade in the U.S. as an SEC registered company, and we believe this move will enhance our visibility in the marketplace, expose our company to a larger audience of investors and ultimately increase liquidity and shareholder value.”
The NASDAQ is the world’s largest electronic stock market, listing approximately 3,600 public companies. The exchange trades more shares per day than any other U.S. equities market. It is also among the world’s best-regulated stock markets, employing sophisticated surveillance systems and regulatory specialists to protect investors and provide a fair and competitive trading environment.
In connection with its NASDAQ listing, the CUSIP number for the common stock has been changed to 98379L100. XPEL’s shares will begin trading under the new CUSIP on the TSX Venture Exchange and commence trading on NASDAQ on July 19, under the new CUSIP. Shareholders who hold a physical stock certificate are advised to tender their original certificate to the transfer agent at their earliest convenience in order to receive a new certificate. No action is required to be taken by shareholders who hold their shares with a bank or broker with respect to the NASDAQ listing and CUSIP change.
