First Phosphate uplists ADRs to Nasdaq Global Market

First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY)'s American Depositary Receipts began trading connected the Nasdaq Global Market connected Monday aft the company's ADR programme was upgraded to a Level 2 listing.

The ADRs commercialized nether the ticker 'PHOS,' with each ADR representing 10 First Phosphate communal shares. The Level 1 ADRs antecedently traded connected the OTCQX marketplace and were automatically converted to Level 2 ADRs successful transportation with the Nasdaq uplisting.

The Nasdaq listing is successful summation to First Phosphate's existing listings, including its communal shares connected the OTCQX nether 'FRSPF,' the Canadian Securities Exchange nether 'PHOS' and the Frankfurt Stock Exchange nether 'KD0.'

The institution noted that the uplisting does not impact a caller securities offering, with nary further shares being issued and nary superior being raised arsenic portion of the move.

Investors tin proceed to person First Phosphate communal shares into ADRs astatine nary outgo done December 31, 2026, with The Bank of New York Mellon serving arsenic depositary slope for the program.