Hut 8 Corporation (HUT)

[chestnut42]

From: Reddit Posted by kbbqking
3 days ago
Hut8 Uplisting Imminent

Based on Hut8's filing of their Amended F-10 ** and the below excerpt from U.S. Securities Offerings and Exchange Listing by Foreign Private Issuers by Morrison Foerster (a reputable law firm) it looks like Hut8 will be listed on the Nasdaq in a few trading days.



Exchange Application Process A foreign private issuer seeking to list shares on the major U.S. exchanges must first apply to the exchange’s staff for listing and submit certain support documentation to the exchange such as its charter documents, annual reports and its latest prospectus. The exchange application process typically takes anywhere from four to 12 weeks, depending on the exchange on which the issuer wishes to list, and on other factors such as whether the issuer must submit additional supporting documentation and whether the application raises any issues that need to be addressed by the issuer.>>When the applicable review process is completed, the issuer’s securities will be approved for listing by that exchange, and the exchange will certify the listing of the issuer’s shares to the SEC. Thereafter, the issuer must register with the SEC under the Exchange Act by filing the appropriate registration form. The issuer’s shares will then be admitted to trading once the listing has been certified and the Exchange Act registration has become effective



I'm focusing in on this part at the end "THEREAFTER, the issuer must register with the SEC under the Exchange Act by filing the appropriate registration form. The issuer’s shares will then be admitted to trading once the listing has been certified and the Exchange Act registration has become effective”

Thereafter implies that the issuer registers with the SEC after being approved by the NASDAQ. Filing "the appropriate registration form" is the next step in the process, and certification is the last step (you are basically here)

"The appropriate registration form(s)" are Form F-10 (which was already filed) and Form F-40 (which has not yet been filed).

Form F-10 is to register new securities in the US (so they are ready to blast us with an offering when share price moons) and Form F-40 is to list the companies outstanding shares in the US. See page 33 of Raising Capital in the United States-A guide to using MJDS for the US Public Offerings for support.



So when will we see Form F-40 and how long will certification take?

Since Canadian and US securities laws are so similar, forms F-10 and F-40 are "generally not reviewed by the SEC" (see above link). Certification is basically immediate (for Canadians) and Form F-40 can be expected any day now. Will keep checking EDGAR.

Generally from what I've seen from other tickers that have uplisted recently is that once the company issues the Press Release / Uplisting Announcement the shares hit the exchange 2 trading days later