Tranzeo Wireless Technologies (TSX:TZT) has announced it has received conditional approval to list its common shares on the TSX Venture Exchange (TSX-V).
The listing will be subject to the company meeting TSX requirements, with an anticipated listing date of January 30.
Tranzeo is already publicly traded on the TSX, but said it expects to delist its common shares from the TSX January 27, three days prior to relisting on the TSX-V. The company was facing delisting after failing to meet TSX requirements. The delisting date was originally set to be January 19 but was changed to allow the company to process its application for the TSX-V.
Headquartered in Pitt Meadows, Tranzeo manufactures wireless network equipment, including point-to-point and point-to-multipoint radios and equipment used in WiMAX, a system of wireless digital communication similar to Wi-Fi.
Tranzeo could not be reached for comment by press time. As of press time, Tranzeo’s price per share was $0.09, a decrease of 5.26%.
Emma Crawford