Message from Niocorp -->NioCorp's Stock Now Trading on the Nasdaq Stock Market
CENTENNIAL, Colo. (March 21, 2023) – NioCorp Developments Ltd. ("NioCorp" or the "Company") (Nasdaq:NB; TSX: NB) is pleased to announce that its stock began trading on the Nasdaq Stock Market ("Nasdaq") today under the ticker symbol "NB." A class of NioCorp warrants also is trading on the Nasdaq under the ticker symbol "NIOBW." NioCorp's shares will continue to trade and will be cross-listed on the Toronto Stock Exchange under the ticker symbol "NB."
"It is a new day for NioCorp shareholders as we launch trading on a major U.S. exchange like the Nasdaq," said Mark A. Smith, Executive Chairman and CEO. "This listing gives NioCorp a more robust platform for both institutional and retail investors. It is expected to significantly raise NioCorp's global visibility, and that of our Elk Creek Critical Minerals Project. We are excited to enter this new era for the Company, and we are grateful to the great team at Nasdaq for helping us make this transition smoothly."
Current NioCorp shareholders who purchased shares on the OTCQX Exchange will now be able to trade their shares on the Nasdaq. Shareholders who purchased shares on the Toronto Stock Exchange ("TSX") will continue to be able to trade their shares on the TSX.
In connection with the completion of the Company’s previously announced business combination with GX Acquisition Corp. II (the “Business Combination”) and the beginning of trading on Nasdaq, the Company also effected a share consolidation (reverse stock split) (the “Consolidation”) of its issued and outstanding Common Shares on the basis of one (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares. NioCorp's opening share price on both the Nasdaq and TSX on Tuesday, March 21, 2023, reflects the Consolidation. The number of shares held by NioCorp investors as of the close of trading on March 20, 2023, were adjusted to one-tenth of their previous holdings, to reflect the Consolidation.
