Unique Logistics Intl Inc (fka UNQL)

[MFH55]

My other OTC….. Electrovaya Plans Reverse Stock Split, Ticker Change In Preparation For Nasdaq Listing
MT NEWSWIRES
8:12 AM ET 06/12/2023
08:12 AM EDT, 06/12/2023 (MT Newswires) -- Electrovaya Inc. (EFLVF) , a lithium-ion battery technology and manufacturing company, said Monday that it plans to proceed with a reverse split of its issued and outstanding common stock at a ratio of one consolidated for 5 pre-consolidated shares.
The company is initiating the reverse stock split to meet the minimum bid price requirement and list its common stock on the Nasdaq Capital Market.
Electrovaya (EFLVF) will change its TSX trading symbol to "ELVA" following the consolidation. It will also use the symbol in its planned Nasdaq listing. The company is also listed on the OTCQB under the EFLVF ticker.
"We are implementing a reverse stock split to comply with the minimum bid price requirement for Nasdaq listing," CEO Raj DasGupta said.
"The transition to a major US exchange signifies an important forward step for improving the visibility of the company in major capital markets."