AZL is eligible for Nasdaq listing. The company meets the Nasdaq...

AZL is eligible for Nasdaq listing. The company meets the Nasdaq listing requirements for foreign private issuers, which include:

• Being incorporated or organized under the laws of a foreign country
• Having its principal executive offices located outside of the United States
• Having a class of securities listed on a recognized securities exchange in its home country
• Meeting certain financial requirements, such as having a minimum market capitalization of $50 million and a minimum public float of $25 million
• Providing audited financial statements in accordance with International Financial Reporting Standards (IFRS)

AZL has already met the market capitalization and public float requirements. The company is currently in the process of raising $10 million through a share purchase plan, which will help it meet the remaining financial requirements. Once the share purchase plan is complete, AZL will be eligible to apply for listing on Nasdaq.

The Nasdaq listing would give AZL access to a wider pool of investors and capital. It would also help the company to raise its profile and increase its visibility in the United States.