Re: Nasdaq listing
This has come up quite often previously. According to revenue and earnings requirements, I can foresee us listing in 2028 maximum. It could possibly be before then, but I don't think before 2026. In 1999, Nasdaq did change its listing requirements and it may do again if there is a real explosion in AI and tech companies. There is also a likelihood that a seperate tech/blockchain exchange (branch of the NASDAQ) will appear soon as well. There has been talk about this for a while. But again, possibly 3 years away.
I would not want our company completely moving away from the ASX and the Frankfurt stock exchange to NASDAQ. I don't think this will happen either as we have so many shares on issue and liquidity and volume right now is only a problem with BRCHF (US). These are the issues:
1. Messy transfer. With 40,000 holders, the share registry has to compile lots of transfers. I have heard some have lots of problems when some companies completely moved over with much less shareholders.
2. Our board for all the companies decisions are mostly US based anyway and they don't need Australian contextual specific market knowledge as we are international. The tech is headquarted in Perth with PVDM and his team. But also India too I believe.
3. Foreign exchange dramas/rates. Moving over at the wrong time can cost all shareholders lots of losses. Not only that, Not only will you look at the SP, but also foreign currency rates as well if you want to trade/buy/sell.
I bought some Renesas shares a while back and it took a lot of effort to do so. I look at coverting it for fun (it is a long term hold) and I need to consider the Yen/AUD relationship too.
A dual listing I am more supportive with. We can therefore all hold our ASX bag and also buy on the NASDAQ as well. Markets don't stay static forever and I trust the ASX will embrace anything where there is money to be made. I think it is disgusting how Brainchip are not getting the plaudits from our mainstream media like the AFR right now, but that tide will change very soon.