Radiopharm achieves Nasdaq listing of ADS
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
27 NOVEMBER 2024
Radiopharm achieves Nasdaq listing of American Depositary Shares
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Trading under ticker symbol RADX
Complements existing US shareholders (currently holding 21% of Radiopharm)
No associated capital raising
Modest admin & financial compliance overheads
Sydney, Australia – 27 November 2024 – Radiopharm Theranostics (ASX:RAD, “Radiopharm” or the
“Company”), a clinical-stage biopharmaceutical company focused on developing innovative oncology
radiopharmaceuticals for areas of high unmet medical need, is pleased to announce that American
Depositary Shares (“ADSs”) representing its ordinary shares will commence trading on the Nasdaq
Capital Market (“Nasdaq”) on Wednesday morning, 27 November 2024 US time, under the ticker
symbol “RADX”. Each ADS represents 300 ordinary shares of the Company.
The listing on Nasdaq follows the declaration of effectiveness by the U.S. Securities and Exchange
Commission (“SEC”) of the Company's registration statement on Form 20-F and formal approval
from Nasdaq upon meeting its listing requirements. The Nasdaq listing is a secondary listing and
complements the Company’s existing primary listing of ordinary shares on the ASX.
The Company completed the Nasdaq listing without an associated capital raise in the United States.
Therefore, initial trading of ADSs may be limited due to the time it takes for existing shareholders to
deposit their RAD ordinary shares into the ADR program and receive ADSs for trading on Nasdaq.
Deutsche Bank Trust Company Americas has been appointed depositary, custodian, and registrar for
the Company's American Depositary Receipt program.
"Listing on Nasdaq is a very important strategic milestone for Radiopharm that will help increase our
visibility with U.S. and international investors," said Riccardo Canevari, CEO and Managing Director of
Radiopharm.
More information regarding the process to deposit the ordinary shares into the ADR program and
receive ADSs is included in the Company’s announcement made to the ASX on 19 September 2024.
About Radiopharm Theranostics
Radiopharm Theranostics is a clinical stage radiotherapeutics company developing a world-class
platform of innovative radiopharmaceutical products for diagnostic and therapeutic applications in
areas of high unmet medical need. Radiopharm has been listed on ASX (RAD) since November 2021.
The company has a deep pipeline of highly differentiated molecules spanning peptides, small
molecules and monoclonal antibodies for use in cancer, in pre-clinical and clinical stages of
development. The pipeline has been built based on the potential to be first-to-market or best-inclass. The clinical program includes one Phase II and two Phase I trials in a variety of solid tumour
cancers including brain, lung, breast and pancreas. Learn more at radiopharmtheranostics.com.
Radiopharm Theranostics Limited
Suite 1, Level 3, 62 Lygon Street, Carlton South VIC 3053 Australia
ABN: 57 647 877 889
ASX ANNOUNCEMENT
27 NOVEMBER 2024
Authorized on behalf of the Radiopharm Theranostics Board of Directors by Executive Chairman
Paul Hopper.
For more information:
Riccardo Canevari
CEO & Managing Director
P: +1 862 309 0293
E: rc@radiopharmtheranostics.com
Matt Wright
NWR Communications
P: +61 451 896 420
E: matt@nwrcommunications.com.au
Follow Radiopharm Theranostics:
Website – https://radiopharmtheranostics.com/
Twitter – https://twitter.com/TeamRadiopharm
Linked In – https://www.linkedin.com/company/radiopharm-theranostics/
InvestorHub – https://investorhub.radiopharmtheranostics.com/
Radiopharm Theranostics Limited
Suite 1, Level 3, 62 Lygon Street, Carlton South VIC 3053 Australia
ABN: 57 647 877 889
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