Gix Internet Ltd. (NASDAQ: GIXI), a dual-listed technology company, today announced that it has initiated a process to voluntarily delist its ordinary shares, no par value per share, from the Tel Aviv Stock Exchange Ltd.
In accordance with applicable Israeli law and the rules of the TASE, the last day the ordinary shares will trade on the TASE is expected to be January 25, 2027, and the ordinary shares are expected to be delisted from the TASE on or about January 27, 2027.
The Company’s ordinary shares will continue to trade on the NASDAQ Capital Market under the symbol “GIXI,” and the Company will also continue to file public reports and disclosures in accordance with the rules and regulations promulgated by the U.S. Securities and Exchange Commission and NASDAQ.
The delisting from the TASE will not affect Gix’s continued listing on NASDAQ in the United States, and all ordinary shares currently traded on the TASE may be transferred to NASDAQ.
The Company’s Board of Directors approved the delisting of the ordinary shares from the TASE and a transition to exclusive trading on Nasdaq with the objective of potentially enhancing liquidity on NASDAQ, and allowing the Company to focus its investor and public relations efforts on the U.S. capital markets.
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