NEWS!!!
Converge Technology Solutions Corp. Receives Final Approval to Graduate to the Toronto Stock Exchange
TORONTO, Feb. 9, 2021 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF) a national platform of regionally focused Hybrid IT solution providers in the U.S. and Canada, is pleased to announce that it has received final approval from the Toronto Stock Exchange ("TSX") to graduate from the TSX Venture Exchange ("TSXV") and list the Company's common shares ("Common Shares") on the TSX.
"Having successfully executed on our business objectives since listing on the TSXV and with further expansion on the horizon, a graduation to the TSX represents a natural progression for the Company," stated Shaun Maine, CEO of Converge. "Graduating to a senior exchange aligns appropriately with our focus to reach the broader investment community while improving liquidity for our valued shareholders."
The Common Shares will commence trading on the TSX at the opening of markets on Thursday, February 11, 2021 under the existing stock symbol "CTS". In connection with the listing of the Common Shares on the TSX, the last day of trading on the TSXV will be February 10, 2021 and the Common Shares will be delisted from the TSXV on February 11, 2021 upon commencement of trading on the TSX. Shareholders will not be required to take any action in connection with the graduation and listing on the TSX.
Upon listing on the TSX, and pursuant to the terms of the escrow agreements between the Company, Computershare Investor Services Inc., and certain security holders of the Company, an aggregate of 6,294,369 Common Shares currently held in escrow will be released. The number of outstanding Common Shares will not change as a result of the escrow release.
