The Company will trade on the OTCQB Venture under the symbol “NXHSF”; the Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol “NXH”. Cross-listing on the OTCQB will make it significantly easier for US investors to invest in one of the few pure-play electrolyzer companies in the world and the only one in North America.
In addition, Next Hydrogen has incorporated a US subsidiary, Next Hydrogen USA, Inc., in order to support its US expansion plans. The US subsidiary and dedicated sales team will allow the Company to seek US renewable energy grants and incentives, participate in US infrastructure projects and expand Next Hydrogen’s sales opportunities.
“Establishing a US subsidiary and listing on the OTCQB Venture Exchange are part of a long-term strategy to introduce the Company to a broader audience,” said Raveel Afzaal, President and CEO of Next Hydrogen. “Next Hydrogen is poised to be a significant contributor to reducing carbon emissions in the US transportation and industrial markets and we are excited to establish a presence there. Listing on the OTCQB will help us enhance our liquidity by providing our current and future American investors with a more accessible market.”
“Hydrogen is a key driver in global efforts to reduce greenhouse gas emissions and the US will prove to be a defining market for reducing the carbon footprint of the transportation and industrial sectors.”
