Skip to main content

Arise Technologies Corp. stock listing is under review and could potentially be removed by the Toronto Stock Exchange before the end of the year, although it expects to satisfy the TSX requirements.

The solar technology company says the review process was initiated as standard procedure following the voluntary insolvency started by the Ontario company's German subsidiary, Arise Technologies Deutschland GmbH The Waterloo, Ont.-based company has been given until Nov. 21 to demonstrate to the Toronto Stock Exchange that it continues to meet the market's requirements. If Arise fails to do so, the company says its securities may be delisted Dec. 21.

Arise has been in the middle of planning a merger with an unnamed company, and earlier this month secured $1.5-million in bridge financing to move forward with the transaction and its due diligence.

Story continues below advertisement

The company said it is continuing negotiations, and that it believes once the transaction is complete it will satisfy the TSX listing requirements.

Arise makes photovoltaic cell technology for use in solar power generation.

Report an error
Comments are closed

We have closed comments on this story for legal reasons. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at privacy@globeandmail.com.