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Stock impact report

Alithya to consolidate trading on the TSX and announces voluntary delisting from Nasdaq

Alithya Group inc. - Class A subordinate voting shares (ALYA) 
Last alithya group inc. - class a subordinate voting shares earnings: 2/13 07:30 am Check Earnings Report
Company Research Source: PR Newswire
MONTREAL, Jan. 30, 2024 /PRNewswire/ - Alithya Group inc. (TSX: ALYA) (NASDAQ: ALYA) ("Alithya" or the "Company") announces that it has given formal notice of its intention to voluntarily delist its Class A subordinate voting shares ("Class A Shares") from the Nasdaq Capital Market ("Nasdaq"). The delisting from the Nasdaq will not affect the Company's listing on the Toronto Stock Exchange ("TSX"), which will be maintained.The Company believes that the limited benefits derived from being dual-listed no longer justify the additional expenses and administrative efforts associated with maintaining the Nasdaq listing, especially given Alithya's listing on the TSX. The Company also believes TSX provides the Company's shareholders with sufficient liquidity, and the cost savings from the elimination of Nasdaq listing fees and associated professional fees, as well as the savings in time and effort of management required to maintain a dual listing, can be redirected to further advancing the bu Show less Read more
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