LexaGene Holdings Take Steps to List on the Nasdaq (LXG, LXXGF) – RICH TV LIVE – June 1, 2021 – LexaGene Holdings, Inc. , ( TSX-V: LXG ; OTCQB: LXXGF ) (the “ Company ”), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, is pleased to announce it is taking steps to list its common shares on the Nasdaq Capital Market with the goal of submitting its application prior to the end of 2021. A successful listing on the Nasdaq will make the Company’s shares more accessible to retail and institutional investors in the United States and internationally as well as increase share liquidity. The Nasdaq is the Company’s preferred Exchange as it hosts the best biotech and life science companies in the world.
Your host rich here we have rich tv live hope you’re all having a great day hope you had a fantastic memorial day weekend we have some big news from lexigene holdings and here rich tv live we take pride in bringing you the news and bringing you the news first and let’s break down the big big news today from lexigene holdings here we go lexi gene takes steps to
List on the nasdaq that’s right lexi gene holdings lxg on the toronto stock venture exchange lxxgf on the otcqb is taking steps to list on the nasdaq so what does this mean for lexigene a molecular diagnostics company that develops fully automated rapid pathogen detection systems is pleased to announce it is taking steps to list its common shares on the nasdaq
Capital markets with the goal of submitting its application prior to the end of 2021 this is pretty big news for lexi jean holdings and for all shareholders a successful listing on the nasdaq will make the company shares more accessible to retail and institutional investors in the united states and internationally as well as increase share liquidity the nasdaq is
The company’s preferred exchange as it hosts the best biotech and life science companies in the world next to gene has taken several steps to prepare for the nasdaq listing application first lexigene has reserved with the nasdaq exchange the ticker symbol lxg which is good for 24 months so they’ve got this symbol for 24 months and they’re starting the application
And the process and this could be absolutely huge and a game changer for lexigene second in anticipation of filing the registration an annual report for canadian securities forum form 40f with the u.s securities and exchange commission the sec the company has retained latham and watkins llp a law firm that has approximately 4 500 employees and is one of the top
Girl law firms in the world specifically lexi jean is working with peter handreinos who has advised many prominent pharmaceutical biotechnology and medical device companies in the healthcare industry over his 25-year career mr hendrinos has taken many companies public on the u.s exchange and has deep experience advising life sciences and technology companies on
Securities law matters with an emphasis on financing transactions as well as mergers and acquisitions lastly the company has engaged rsm uslp for audit tax and consulting services rsm us will perform the company’s 2020 year and audit rsmus is the fifth largest accounting firm in the united states employing more than 11 000 across 86 cities nationwide in canada
And in canada rsm us is part of the global accounting network rsm international which brings together more than 43 000 professionals and 800 offices located in more than 120 countries so i just actually interviewed the ceo of lexigene stay tuned to that interview jack regan dr jack regan lexi jeans ceo and founder states we anticipate lexigene will grow in size
And strength in the coming months and years part of our growth strategy is to make the company more accessible to us investors i’m very pleased to have engaged two exceptional firms to help guide us through this process a successful nasdaq listing makes us more attractive to institutional investors and eligible for inclusion in key indexes and etfs additional
Comments from dr regan are available in this video all right welcome back inside our proactive news we’re going to go through the video but uh it takes you to a video with proactive investors applying for a nasdaq listing is subject for first meeting the listing and regulatory requirements of the nasdaq and the sec there’s no guarantee that the company will meet
These requirements in the future but if it does the company will issue a press release once an application has been formally submitted to the sec so we can assume that there will be another press release breaking this down shortly in addition the company is pleased to announce it is engaged native ads all right so they are putting some marketing in place lastly
After an independent third party review by compensia inc an exclusive compensation and equity compensate determined that lexigene executive offices officers were at the bottom 10 percentile in equity compensation as compared to other public companies in both canada and the united states with comparative market caps based upon the results from this report and
Recommendations from the compensation committee lexijean’s board of directors determined that it was appropriate to adjust the equity for the ceo cfo and coo the last equity grant to executive officers was 16 months ago in february 2020. on may 28 2021 the board of directors approved inducement grants in accordance omnibus incentive plan for executive officers
Totaling 690 000 share options each option is exercisable into one common chair of the company at a price of 59 cents per share 120 over friday’s closing price of 49 cents canadian for a period of 10 years from the date of grant the options invest 10 percent on the grant date and 15 every six months thereafter with an expiry date of may 28 2031. in addition
The company’s executive officers have been granted an additional 690 000 share options considered performance options at a price of 59 cents canadian per share 120 over friday’s closing price of 49 cents a share the performance conditions are associated with 2021 performance milestones goals set forth by the board of directors for executive management are and
Are as follows meeting the requirements to listen the company shares on the nasdaq and filing form 40f with the scc based on the current number of outstanding shares the company will have the organic raise they will have to organically raise the stock price to 77 cents canadian a a 157 increase over friday’s closing price to achieve the 90 million canadian 75
Million us minimum market cap requirement for the nasdaq listing if the performance criteria are not satisfied on or before december 31 2021 the performance options grant will be cancelled this is extremely interesting that pretty much says to me that they need to get this price up at least 50 higher and that tells me that there’s some huge upside potential
Here in my opinion i think there’s some huge huge huge upside potential here for lexigene holdings put them on your watches put them on your radar big big big news they are taking the steps to list on the nasdaq huge huge huge news once again lexi gene taking steps to list on the nasdaq the symbol in canada is lxg the symbol in america on the otcqb exchange
Is l x x g f lexigene holdings inc is the company and they are taking the steps to list on the nasdaq exchange despite the fact that they are trading at 50 cents in canada which to me is extremely bullish and leads me to believe that this has a chance to absolutely go at least at least 50 if not much higher than that love to know what you guys think what do
You guys think of this news this is big breaking news and you’re hearing it here first remember if you liked the video smash the like button comment down below share the video everywhere and subscribe for future updates is your boy rich from merch tv live we like to bring you the winners we like to bring in the news and we love to bring it to you first what do
You guys think about lexigene holdings and this news i think it’s some pretty big news what do you guys think about this big news lexi gina holdings take steps to list on the nasdaq what do you guys think of this news the big breaking news about lexigene holdings now remember guys rich tv live is strictly for information and education purposes always do your
Due diligence always do your research before you invest in anything that we talk about here in rich to be live consult a financial advisor chances are if you cannot consult a financial advisor financial advisors are going to say where’d you get these pics you could say from my boy rich and they’re gonna say these are some pretty good picks so love to know your
Opinion love to get your feedback this is big news breaking news literally circulating everywhere right now pre-market this could be a huge catalyst for lexing holdings this morning wouldn’t be surprised to see them go higher on this news love to know what you think this is rich from rich to be live have a good day everybody put on your radar put on your watch
List expect some big things from lexigene on the news that they’ve taken the steps to list on the nasdaq thank you for watching this is your boy rachel mr live and i’m out peace
Transcribed from video
LexaGene Holdings Take Steps to List on the Nasdaq (LXG, LXXGF) By RICH TV LIVEliveBroadcastDetails{isLiveNowfalsestartTimestamp2021-06-01T125759+0000endTimestamp2021-06-01T130813+0000}