Hello Pal International Inc., a provider of rapidly growing international live-streaming, language learning and social-crypto platform, is pleased to announce the engagement of Maxim Group LLC (“Maxim”) for general advisory and investment banking services in connection with a potential up-listing of Hello Pal’s common shares on the NASDAQ Capital Market (“NASDAQ”) in 2022.
By up-listing to 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 up-listing will bring significant value to Hello Pal. The listing of Hello Pal’s common shares on 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.
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KL Wong, Chief Executive Officer of Hello Pal, states “We are very pleased in taking this next step forward with our new strategic advisor, Maxim. Their expertise in the US 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.”
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Hello Pal does not currently plan to undertake any financings in connection with an up-listing on 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 twelve (12) months.
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