11:52:31 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Kelso Technologies Inc (2)
Symbol KLS
Shares Issued 54,443,422
Close 2024-03-05 C$ 0.145
Market Cap C$ 7,894,296
Recent Sedar Documents

Kelso to voluntarily delist from NYSE American

2024-03-05 13:00 ET - News Release

Mr. James Bond reports

KELSO TECHNOLOGIES INC. ANNOUNCES INTENTION TO DELIST FROM NYSE AMERICAN

Kelso Technologies Inc. intends to voluntarily delist its common shares from NYSE American. The shares will continue to trade on the Toronto Stock Exchange.

As previously announced in its press release dated Dec. 18, 2023, Kelso received a notification letter dated Dec. 12, 2023, from NYSE American stating that NYSE American staff had determined that the company's securities had been trading at a low price per share for a substantial period of time, and, as a result, the company was not in compliance with NYSE American's continued listing standards.

After careful consideration, the company has evaluated the benefits and costs of continuing its listing on NYSE American and has concluded that it is appropriate to voluntarily delist from NYSE American at this time. With the shares concurrently trading on the TSX, the company believes the costs associated with a continued U.S. stock exchange listing as well as the administrative burdens and requirements associated with maintaining a dual listing are not justified at this time. The company has also concluded that a reverse split of the company's shares of a magnitude necessary to come into compliance with the listing standards is not a desirable alternative at this time and would not be in the best interest of the company's shareholders. The company does not expect to seek to list its shares on another U.S. national securities exchange or U.S. quotation system.

The company intends to file a Form 25 with the U.S. Securities and Exchange Commission on or about March 15, 2024, which form would become effective 10 days following filing thereof, resulting in the delisting of the shares from NYSE American on or about March 25, 2024. The company's financial statements, press releases and other information will continue to be available on SEDAR+, on EDGAR and on the company's website.

About Kelso Technologies Inc.

Kelso is a diverse engineering company that specializes in the creation, production, sales and distribution of proprietary products used in rail and automotive transportation. The company's rail engineering business has been developed as a designer and reliable domestic supplier of unique high-quality rail tank car valves that provide for the safe handling and containment of hazardous and non-hazardous commodities during rail transport. The automotive division of the company has created the first proven automated suspension-based advanced driver assistance system for commercial mission-critical wilderness operations. All Kelso products are specifically designed to address the challenging issues of public safety, worker well-being and potential environmental harm while providing effective and efficient operational advantages to customers. Kelso's innovation objectives are to create products that diminish the potential dangerous effects of human and technology error through the use of the company's portfolio of proprietary products.

We seek Safe Harbor.

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