Abaxx Technologies Receives Conditional Approval to List on Cboe US Stock Exchange

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated April 26, 2023 to its short form base shelf prospectus dated November 4, 2021

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TORONTO, June 02, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXD) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange (Abaxx Singapore Pte Ltd), and producer of the SmarterMarkets Podcast, is pleased to announce that it has received conditional approval to list the Company’s common shares (the “Common Shares”) on Tier 1 of the Cboe US Equities Exchange (the “Cboe US Exchange”), an innovative US securities exchange within the Cboe Global Listings Network. Abaxx will retain its listing on the Cboe Canada Exchange (formerly the NEO Exchange).

Trading of the Common Shares on the Cboe US Exchange is expected to commence under the trading symbol “CBOE: ABXX”. The Common Shares are also expected to trade on the Cboe UK and Cboe EU exchanges under the ticker “36ND”. Trading under the existing OTCQX ticker “ABXXD” is expected to cease and transfer to the new ticker symbol “CBOE: ABXX” on the first day of trading on the Cboe US Exchange. An announcement of the date for the commencement of trading will be provided in a separate press release.

“Upon the completion of listing, Abaxx is expected to become the first North American and European intra-listed issuer on the new global platform for the Cboe Exchange, and we are thrilled about this opportunity to simultaneously access the Canadian, US, EU and UK capital markets,” said Abaxx CEO Josh Crumb. “By joining the Cboe Global Listings Platform, Abaxx hopes to gain greater investor exposure, liquidity, and capital raising opportunities to accelerate our growth. Cboe and Abaxx share an innovative philosophy and pioneering spirit toward fintech and exchange infrastructure — both considering ourselves disruptive innovators in the industry.”

In addition to the anticipated intra-listing, Abaxx is launching Abaxx Commodity Futures Exchange and Clearinghouse, awaiting final regulatory approval from the Monetary Authority of Singapore, to support trading and risk management with physically-settled benchmark futures contracts in the commodity markets critical to the energy transition.