Spotlight Stock Market has today approved PHOTOCAT application to admit the Company’s shares for trading on Spotlight Stock Market
Globenewswire·2025-07-21 10:30

Core Viewpoint - The company, Photocat, has received approval to transfer its shares from Nasdaq First North Growth Market to Spotlight Stock Market, aiming for cost savings and operational efficiency [1][2][4]. Group 1: Transfer Details - The first day of trading on Spotlight Stock Market is scheduled for August 5, 2025, while the last day of trading on Nasdaq First North Growth Market will be August 4, 2025 [1][3]. - The transfer is expected to provide a more cost-effective and flexible trading environment for the company and its shareholders [1][4]. Group 2: Company Statements - The Chairman of the Board emphasized that the decision reflects a commitment to optimizing operational efficiency and enhancing shareholder value [4]. - The CEO stated that the transition supports the company's mission of harnessing photocatalysis for environmental innovation, ensuring continuity for shareholders without requiring any action from them [4][5]. Group 3: Market Information - Spotlight Stock Market operates as a multilateral trading facility (MTF) with the same legal status as Nasdaq First North Growth Market, and trading will continue on Nasdaq INET Nordic [5]. - The company will maintain the same accounting standards post-transfer [5]. Group 4: Company Overview - Photocat is recognized for its sustainable solutions and commitment to environmental innovation, focusing on technologies that improve air quality [6]. - The company's shares are currently listed on Nasdaq Stockholm, First North, under the ticker symbol PCAT [6].