XPEL Inc., a global provider of protective films and coatings, 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 Aug. 30, 2019, the company’s shares will no longer be traded on the TSXV but will continue to trade on the Nasdaq Capital Market, 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, XPEL 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.