Nexera Technologies (NEXR) said Monday its majority-owned subsidiary, Fort Technology (FRTT), has received formal approval to list its common shares on the Nasdaq Capital Market.
Fort's common shares are expected to begin trading on Nasdaq today under the ticker symbol "FRTT," the company said, adding that Fort's common shares will continue to trade on the TSX Venture Exchange.
Nexera will hold about 70.94% of the issued and outstanding Fort common shares, the company added.
Shares of Nexera were down more than 22% in Monday trading.
Price: $0.93, Change: $-0.28, Percent Change: -23.14%