other material
confidence high
sentiment neutral
materiality 0.35
Aurinia voluntarily delists from TSX effective July 30, 2021; continues on Nasdaq
Aurinia Pharmaceuticals Inc.
- Delisting from Toronto Stock Exchange effective July 30, 2021; no shareholder approval required.
- Nasdaq accounted for ~94% of daily trading volume over past 12 months.
- Dual listing costs and administrative burden no longer justified given low TSX volume.
- Common shares continue trading on Nasdaq under ticker AUPH.
- Canadian brokers can trade Nasdaq-listed shares; shareholder value unaffected.