Corporate ActionJun 5, 2026, 06:46 AM
Nova Minerals Halts Trading for US Redomicile; Trading Resumes June 16
AI Summary
Nova Minerals Ltd announced a trading halt across its ASX, OTC, and Nasdaq listings to facilitate its redomiciliation to the United States. The company expects the redomiciliation process to be completed around June 16, 2026, with trading of the new Nova Minerals Corp securities resuming shortly thereafter. Shareholders will exchange their current holdings for securities in the new US-domiciled entity, with specific exchange ratios for ASX shares, OTC shares, Nasdaq ADSs, and Nasdaq warrants.
Key Highlights
- Trading of Nova Minerals shares (ASX, OTC) and ADSs/warrants (Nasdaq) suspended for US redomiciliation.
- Redomiciliation process expected to be completed on or around June 16, 2026.
- Trading of Nova Minerals Corp's ASX-listed CDIs and NYSE American-listed common stock/warrants expected to resume shortly after June 16.
- ASX shareholders will exchange shares 1-for-1 for ASX-listed CHESS Depositary Interests (CDIs) in Nova Minerals Corp.
- OTC shareholders will exchange holdings 1-for-12 for NYSE American-listed common stock of Nova Minerals Corp.
- Nasdaq ADS holders will exchange ADSs 1-for-1 for NYSE American-listed common stock of Nova Minerals Corp.
- Nasdaq listed warrant holders will exchange warrants 1-for-3 for NYSE American-listed warrants of Nova Minerals Corp.
- Nova Minerals Corp established a new US corporate office in Colorado and will adopt a new website: www.novamineralscorp.com.
Price Impact
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