Planned move to a national exchange
Idaho Copper Corporation (USOTC:COPR) has submitted an application to list its common stock on the NYSE American exchange under the ticker symbol COPR, marking a planned transition from the OTC Pink Limited Market.
The company also announced plans for a firm commitment public offering involving 2,793,300 common shares at an assumed price of $6.50 per share. The transaction will include warrants giving investors the right to purchase an additional 2,793,300 common shares.
Offering terms remain subject to pricing
Idaho Copper said the public offering price has yet to be finalised and will be determined through discussions between the company and its underwriting syndicate. It added that the assumed $6.50 per share price is for filing purposes only and may differ from the final offering price.
The Nevada-based company currently trades on the OTC Pink Limited Market under the symbol COPR. In its filing, Idaho Copper noted that trading in its common stock remains limited under its current market listing.