The common stock of Bragg Gaming Group has been approved for listing on the Nasdaq Global Select Market.
The company’s shares are set to begin trading on Nasdaq on August 27 under the ticker symbol “BRAG” following the approval. Furthermore, it will continue to trade under the same ticker on the Toronto Stock Exchange.
Bragg’s chief executive officer, Richard Carter said: “Our Nasdaq listing approval marks another key milestone in Bragg’s growth and evolution and will allow the company to attract greater capital markets interest in the US where we are successfully pursuing the large and rapidly growing igaming market opportunity.
‘Improving visibility and trading liquidity for investors
“By listing in the US and maintaining our Canadian listing, we are positioned to enhance shareholder value by improving the company’s visibility and trading liquidity for investors.
“We believe Bragg is ideally positioned to grow our business and gain share in the large global igaming market and the Nasdaq listing is another positive step that will enable us to move forward aggressively with our plans.”
The Nasdaq clearance for Bragg Gaming follows the company’s Q2 interim results, which showed a “strong” quarter performance driven by “comprehensive growth initiatives.”
The firm applauded its continuous commitment to expanding its in-house content development strategy and new market ambitions, which include intentions to enter the North American market as well as work on German mitigation efforts.