Scorpio Gold plans to list American Depositary Shares instead of common shares to enter the Nasdaq exchange.
Scorpio Gold (SRCRF) will pursue a Nasdaq Capital Market listing through an American Depositary Shares (ADS) program. The company opted for ADSs, administered by a U.S. depositary bank, rather than a direct common share listing.
The move follows a growing trend of international firms seeking U.S. exchange access without full share conversion. Scorpio Gold’s decision may streamline regulatory compliance and broaden investor reach. No timeline or depositary bank details were disclosed.
The announcement marks a strategic step for the gold miner to enhance liquidity and visibility among U.S. investors.