Trading in Sezzle shares on Nasdaq to resume
Digital payment platform Sezzle Inc. (ASX:SZL, NASDAQ: SEZL) today announced the removal of the trading halt of Sezzle common stock on the Nasdaq Stock Market.
On August 17, 2023, Nasdaq halted trading in Sezzle common stock and advised Sezzle that there existed inadequate publicly available shares of common stock to make a market and facilitate proper trading of common stock on Nasdaq due to the large number of shares of common stock held by investors at the time of the trading halt in the form of Chess Depository Interests (CDIs) for trading on the Australian Securities Exchange (ASX).
The CDIs are convertible at the option of the holders into shares of Sezzle common stock on a 1-for-1 basis.
During the course of the Nasdaq trading halt, the number of publicly available shares of Sezzle common stock eligible for trading in the U.S. held through Depository Trust Company has increased, and currently 536,188 shares are publicly available for trading.
Nasdaq has informed the company that Nasdaq will resume trading in Sezzle common stock (Nasdaq: SEZL) at 09:00 a.m. Eastern Time on September 14, 2023.
Sezzle’s CDIs continue to trade on the ASX under the ticker symbol SZL.