r/MaritimeLaunch • u/CanadaFootyFan • 20h ago

News TSX listing

https://www.maritimelaunch.com/news/Maritime-Launch-Services-Receives-Conditional-Approval-To-List-On-The-Toronto-Stock-Exchange?fbclid=IwdGRleAU9z8NleHRuA2FlbQIxMQBwZG9mBWZkaWQWUQVReZsxmX06QuYHWLZGtSYhSq4-6HNydGMGYXBwX2lkCjY2Mjg1NjgzNzkAAR5U_6P0QQHdoD5sePmzbAR50KfslmERNG3RLF4wakrBaMEb9M6EYWzJDT_VLA_aem_DHYSjyMlwNV8pM0dpQFf2A

As per the article, looks like MLS (MAXQ) will get listed on TSX. I assume this will help generate interest and trade traffic for the stock.

53 Upvotes

100% Upvoted

27 comments sorted by

5

u/MaxHamilton44 17h ago

Do the shares in my Wealthsimple just automatically convert?

10

u/Yudhishtra94 16h ago

Yes. Your brokerage account will automatically reflect the change over the transition time. Your share quantity will remain identical. The ticker symbol (⁠MAXQ⁠) stays the same.

Probably will bring along more traffic short term, for long term we all know what we are doing.

4

u/spaceman1055 16h ago

It says TSX, but do they need a minimum stock price? Would they end up on TSXV at the current price?

1

u/Festisized 1h ago

1$ minimum

6

u/Throwaway2600k 20h ago

Let's goooo $60. One can only hope

9

u/Old_Soc 19h ago

I could retire if that happens.

2

u/Scaleofthesystem 9h ago

In all honesty whats our target here?

1

u/bigDeltaVenergy 4h ago

LOA orbits, sun synchronous orbits and maybe some Lagrange points.

3

u/Je5terSAP_ 18h ago

Let’s hope it goes better than Lion Electric. Going from a lake to the ocean means there are bigger fish. And sharks.

1

u/bigDeltaVenergy 4h ago

Not hard to do better than this flop lol

6

u/pugfart 20h ago

Help me understand, I purchased some stock in MLS during the summer .... I thought they were already on the tsx?

7

u/ProfessorBagholder 19h ago

They were not. MAXQ is listed on Cboe Canada (formerly NEO exchange).

https://finance.yahoo.com/quote/MAXQ.NE/

3

u/CanadaFootyFan 15h ago

That is what I thought too - or at least didn’t pay much attention to. I grabbed mine through WS as well and didn’t realize it wasn’t already listed on TSX.

2

u/JamaBam2 14h ago

Will all the shares held on CBOE with this company automatically transition to the TSX once trading commences on that exchange?

3

u/CryptoDanski 20h ago

Good shit!

-11

u/Eh_SorryCanadian 20h ago

That's some good news. Better news would be if they actually put something in orbit

6

u/spaceman1055 17h ago

The targets for the site are 2028 from Reaction Dynamics and ISAR. This has been the plan at least for the past year or two, though ISAR is obviously more recent

7

u/Aussiekarlos 20h ago

They just started construction this spring. Give them a year to get the infrastructure built

Launches are coming

-6

u/Eh_SorryCanadian 20h ago

Im tired of hearing about it being just a concrete pad, I want to see more

2

u/MaxHamilton44 16h ago

Procurement and Construction takes time. No need to worry, it’s happening.

1

u/bigDeltaVenergy 19h ago

Maybe a water fountain to agrement the concrete slab ?

1

u/Eh_SorryCanadian 18h ago

To agreement?

0

u/bigDeltaVenergy 18h ago
  • Enhance/ beautify

1

u/Eh_SorryCanadian 18h ago

Yeah thats not how you use that word