2024 GUIDE TO LISTING 19 REQUIREMENTS Does your company meet the listing requirements of the Exchange (TSXV or TSX)? See the full listing requirements by sector in Section 7. FOR TSXV Company stage: if pre-revenue, have 12-24 months of working capital (can come from the capital raise) Audited financials: 2 years (IFRS compatible) Company history: adequate experience relevant to the business Public distribution: 200 public shareholders FOR TSX Company stage: $7.5M in net tangible assets OR minimum $10M in treasury OR two years of R&D expenditure capital Audited financials: 3 years (IFRS compatible) Company history: adequate experience relevant to the business as well as history of operations Public distribution: 300 public shareholders REALITY Is there investor interest for your type and size of company in current market conditions? Is going public in Canada realistic for your company? Investor interest: Can Canadian investment bankers get investor support for your type and size of company in current market conditions? Structure: Does becoming a public company regulated as a Canadian reporting issuer and subject to continuous disclosure requirements of Canadian securities law allow for cost savings compared to pursuing full registration with the SEC in the U.S.? Tax: What are the potential tax consequences for shareholders and the company? Valuation: Is it possible to get a reasonable and attractive valuation in current market conditions compared to private markets or U.S. public markets? Growth strategy: Does going public in Canada fit with your long-term growth strategy including, if applicable, to eventually list on a U.S. exchange?
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