Halifax, Nova Scotia, Canada –Maritime Launch Services Inc. (Maritime Launch, MLSI or the “Company”) (NEO:MAXQ, OTCQB:MAXQF) is pleased to confirm that it has received approval to trade on the OTCQB Venture Market (OTCQB) beginning August 23, 2022 under the symbol MAXQF.
“We look forward to broadening our investor base and engaging with US investors on the opportunity Spaceport Nova Scotia provides the global space industry” says Stephen Matier, President and CEO, Maritime Launch Services. “Commercial launch services from Canada will strengthen North America’s position as a global leader in low earth orbit satellite communications. We will offer launch services to the global and US marketplace, fueling new growth and attracting investment. While all other ranges in the United States are owned and operated by government, Spaceport Nova Scotia will be the first, pure-play commercial spaceport on the continent”.
In connection with the approval to trade on the OTCQB, the common shares of Maritime Launch have also been made eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC). DTC manages the electronic clearing and settlement of securities of publicly traded companies. This electronic method of clearing securities through DTC speeds up the receipt of stock and cash, and thus generally accelerates the settlement process for brokers and investors.
Trading on the OTCQB will provide Maritime Launch with access to a greater base of retail and institutional investors, allowing the opportunity for residents of Canada and the United States to own a piece of North America’s first, and only, commercial spaceport.