Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Doing a little Nasdaq homework re costs to list

I had mentioned on a previous post about the use of the newly raised funds and how a substantial portion of those funds will be used to uplist to Nasdaq (and possibly TSX to be interlisted).

Have a look at PWC's info on listing.  The type of expenses that will need to be incurred is daunting and very expensive and information intense.

https://www.pwc.com/us/en/services/deals/library/cost-of-an-ipo.html

Underwriting fees, legal, accounting, internal control systems, oh my it is endless.

It is also worth noting the annual audit fees and such will skyrocket with IFRS statements, in all likelihood stated in US Dollars.  Taxation advice will be ridiculously expensive at rates that hit $1,000 per hour.

Annual listing fees - probably when all in are greater than $100k per year.

The raised funds will come in handy for sure while our POET executive team continue to execute on the actualy business at hand.

Jimbo

 

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