- Nuheara increases its international footprint by trading on the US public market
- USA-based investors now have easier investment access to Nuheara’s shares
- The listing expands Nuheara’s potential pool of investors (without dilution) and facilitates greater investor access to the Company’s activities
- Underlines Nuheara’s commitment to maintaining a leading international position in the global hearing health sector
7 June 2019 – Perth, Australia
Nuheara Limited (ASX: NUH) (“Company” or “Nuheara”), transforming the way people hear by creating game-changing hearing solutions that are accessible and affordable, is pleased to announce that the Company’s ordinary shares have been approved for trading on the OTCQB Venture Market (OTCQB) in the United States of America under the symbol NUHRF.
For clarity, this dual listing structure is non-dilutive to existing Nuheara shareholders – that is, no capital is being raised and no new shares are being issued.
The listing provides a new source of demand for Nuheara shares from the US – the largest pool of investors in the world.
The OTCQB is a US-based trading platform operated by OTC Markets Group in New York. The OTCQB Venture Market is for early-stage and developing US and international companies.
The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for US based investors.
Through trading on OTCQB, companies can engage a far greater network of US investor, data distributors and media partners, ensuring US investors have access to the same high-quality information that is available to investors in Australia, but through US platforms and portals used to conduct investment research.
The securities law firm OTC Advisory Services served as the Company’s OTC Markets Sponsor and Advisor.
CONTACTS
Australia
Justin Miller
CEO and Managing Director
+61 8 6555 9999
[email protected]
Media
Ranya Alkadamani
+61 434 664 589
[email protected]
About Nuheara
Nuheara is a global leader in smart personal hearing devices which change people’s lives by enhancing the power to hear. Nuheara has developed proprietary and multi-functional intelligent hearing technology that augments a person’s hearing and facilitates cable free connection to smart devices. Nuheara is based in Perth, Australia and has offices in San Francisco and New York, USA. Nuheara was the first consumer wearables technology company to be listed on the Australian Stock Exchange (ASX).
In 2016, the Company released its revolutionary wireless earbuds, IQbudsTM, which allow consumers to augment their hearing according to their personal hearing preferences and connect hands free with their voice-enabled smart devices. IQbuds™ are now sold in major consumer electronics retailers, professional hearing clinics and optical chains around the world.
The Company’s mission is to transform the way people hear by creating smart hearing solutions that are both accessible and affordable.
Learn more about Nuheara: www.nuheara.com.
