HALIFAX, Nova Scotia (Maritime Launch Services PR) — Maritime Launch Services Inc. (Maritime Launch, MLSI or the “Company”) (NEO: MAXQ, OTCQB: MAXQF) is pleased to confirm that it has received approval to trade on the OTCQB Venture Market (OTCQB) beginning August 23, 2022, under the symbol MAXQF.
“We look forward to broadening our investor base and engaging with US investors on the opportunity Spaceport Nova Scotia provides the global space industry” says Stephen Matier, President and CEO, Maritime Launch. “Commercial launch services from Canada will strengthen North America’s position as a global leader in low earth orbit satellite communications. We will offer launch services to the global and US marketplace, fueling new growth and attracting investment. While all other ranges in the United States are owned and operated by government, Spaceport Nova Scotia will be the first, pure-play commercial spaceport on the continent”.
In connection with the approval to trade on the OTCQB, the common shares of Maritime Launch have also been made eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC). DTC manages the electronic clearing and settlement of securities of publicly traded companies. This electronic method of clearing securities through DTC speeds up the receipt of stock and cash, and thus generally accelerates the settlement process for brokers and investors.
Trading on the OTCQB will provide Maritime Launch with access to a greater base of retail and institutional investors, allowing the opportunity for residents of Canada and the United States to own a piece of North America’s first, and only, commercial spaceport.
About Maritime Launch
Maritime Launch is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a launch site that will provide satellite delivery services to clients in support of the growing commercial space transportation industry over a wide range of inclinations. The development of this facility will allow for medium class launch vehicles to place their satellites into low-earth orbit. This will be the first commercial orbital launch complex in Canada.