Mr. K.L. Wong reports
HELLO PAL ENGAGES MAXIM GROUP LLC FOR POTENTIAL NASDAQ LISTING AND ADVISORY AND INVESTMENT BANKING SERVICES
Hello Pal International Inc. has engaged Maxim Group LLC for general advisory and investment banking services in connection with a potential uplisting of Hello Pal's common shares on the Nasdaq Capital Market in 2022.
By uplisting to the Nasdaq, Hello Pal aspires to gain new exposure and access to a larger base of retail and institutional investors in the United States and internationally. Hello Pal believes that the Nasdaq is the world's pre-eminent exchange for technology based companies. Management believes that the uplisting will bring significant value to Hello Pal. The listing of Hello Pal's common shares on the Nasdaq is subject to the approval of that exchange and the satisfaction of all applicable listing requirements, and there can be no assurance that these requirements will be met.
K.L. Wong, chief executive officer of Hello Pal, states: "We are very pleased in taking this next step forward with our new strategic adviser, Maxim. Their expertise in the U.S. capital markets and experience in the Nasdaq listing process is accretive for Hello Pal and its shareholders. We look forward to working together as we continue to grow."
Hello Pal does not currently plan to undertake any financings in connection with an uplisting on the Nasdaq and looks forward to keeping its shareholders updated on its progress as it moves forward.
Under the terms of the engagement, Maxim will receive a cash fee and up to 400,000 restricted common shares upon certain milestones being achieved. The initial term of the agreement is for a period of 12 months.
Maxim is a full-service investment banking, securities and wealth management firm headquartered in New York. The firm provides a full array of financial services, including: investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales and trading, equity research, and prime brokerage services, to a diverse range of corporate clients, institutional investors and high-net-worth individuals. Maxim is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB), and is a member of the following: Financial Industry Regulatory Authority (FINRA); Securities Insurance Protection Corporation (SIPC); the Nasdaq Stock Market and NYSE Arca Inc.
About Hello Pal International Inc.
The Hello Pal platform is a proprietary suite of mobile applications built on a user-friendly messaging interface that focus on social interaction, language learning and travel. The platform has been designed from the ground up to be easy to use and enables users the freedom to speak in their own language regardless of the language of the other person to which they are speaking to. Hello Pal's overriding mission is to bring the world closer together through social interaction, language learning and travel. By creating a platform where it is easy to instantly interact with others around the world and giving them the tools to communicate with each other in a joyful and fun way, Hello Pal hopes to do its part (however small) in fostering understanding and tolerance between all citizens of the world.
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