Rektron Announces Successful IPO and Listings on Multiple Exchanges

Vancouver-based Rektron Group Inc. has successfully completed its initial public offering, raising $5 million through the sale of units at $1.50 each. The company’s common shares are now trading on the Canadian Securities Exchange under the ticker symbol "REK.U". Each unit sold includes one common share and one purchase warrant, exercisable at $2.25 for three years. CEO Ricardo Phielix calls this IPO a pivotal moment for the company, paving the way for future growth.

Additionally, Rektron’s shares are now being traded on the Frankfurt Stock Exchange and Tradegate Exchange under the ticker symbol "F75". These listings aim to enhance the company’s trading liquidity and facilitate European investment. The proceeds will support Rektron’s expansion in commodities trading and cover related expenses.

Rektron has announced the appointment of Moises Michan Portillo as Chief Operating Officer. Portillo brings extensive experience from his tenure at leading financial institutions like Goldman Sachs and Citi Bank.

The company has received a requisition for a special shareholder meeting, initiated by significant shareholders Callan Partners Limited and Nile Flow Limited, to discuss board changes. Rektron is reviewing this request and will respond accordingly.

Furthermore, Rektron has partnered with Mid Atlantic Capital Associates Ltd. for strategic communication and investor awareness, paying $250,000 annually. The company has also engaged Independent Trading Group Inc. to provide market-making services to improve share liquidity on the CSE.