- Hyperion Metals (HYM) says it intends to pursue a listing in the United States and will change its name to “IperionX Limited” in the process
- The company will file a registration statement on Form 20-F to register its ordinary shares with the United States Securities and Exchange Commission (SEC)
- Listing in the US will enhance the visibility and accessibility of Hyperion to the extensive US market
- On the market today, Hyperion is down 4.21 per cent and is trading at $0.91 per share
Hyperion Metals (HYM) has said it intends to pursue a listing in the United States and will change its name to “IperionX Limited” in the process.
The company will file a registration statement on Form 20-F to register its ordinary shares with the United States Securities and Exchange Commission (SEC), which will be reviewed by SEC staff.
If approved, American depositary shares will represent ordinary shares of Hyperion Metals to be listed on a national securities exchange in the United States.
Listing in the US will enhance the visibility and accessibility of Hyperion to the extensive US market.
Commenting on this news is CEO and Managing Director Anastasios Arima.
“The proposed listing is expected to create greater awareness of our US-focused critical minerals and metals technologies in the United States, providing exposure to enormous investor demand in a market which has a deep understanding for advanced technologies that support global decarbonisation efforts, such as Hyperion’s low carbon titanium metal
technologies,” he said.
“We believe that access to a much larger pool of capital will provide the potential for increased liquidity and enhanced value for our shareholders.”
As a result of the proposed listing, Hyperion said it will seek shareholder approval for the name change. The move comes after a potential conflict was identified in the US regarding the company’s existing name.
On the market today, Hyperion Metals was down 4.21 per cent and is trading at 91 cents per share at 12:43 pm AEDT.