U.S. Companies - 2023 Guide to Listing

2023 GUIDE TO LISTING 2023 GUIDE TO LISTING 24 25 As a U.S. company looking to go public, you will need to build a team of cross-border expert advisors and seek the counsel of a capital provider, a Canadian and U.S. securities law firm, an auditor familiar with IFRS, an investor relations professional, and a transfer agent. Look for professionals experienced in your industry and size of company, with the ability to offer sound financial market advice that is relevant to you and your business. Make sure you have a thorough knowledge of the policies for the appropriate exchange and the securities law requirements. It is critical to choose advisors that have experience in cross-border transactions, particularly for legal and tax considerations. When selecting an auditor, ensure they are familiar with International Financial Reporting Standards (IFRS), as this is a requirement for TSX and TSXV. A quality investor relations program is also critical to your company’s ability to access capital and liquidity, enhancing your company’s visibility, reputation and investor communications program. Our team can provide introductions to advisors who can help companies go public in Canada. Graduating to TSX is a strategic opportunity for a company to increase its profile, liquidity and access to capital. Your team of advisors U.S companies will need to seek advisors with experience in the Canadian marketplace. In Canada, regulatory and legal obligations are applicable at both the federal and provincial levels. Expert advice A path to greater opportunity Graduation made easy Benefits Your Company STEP 3 SELECT YOUR TEAM OF ADVISORS Investment Banker (or other capital provider) Investor relations professional Transfer agent Canadian and U.S. Securities law firm IFRS auditor GRADUATION TO TORONTO STOCK EXCHANGE Increased Access to Index Products Greater Visibility Access to Institutional Capital Enhanced Liquidity STREAMLINED PROCESS Your company’s TSXV files can be provided directly to TSX with your consent. WAIVER OF SPONSORSHIP Sponsorship requirements can be waived in most cases. REDUCED LISTING FEES The TSX application fee is waived for potential graduates and credit will be given for any TSXV transaction fees paid in the 90 days prior to listing on TSX. EXCHANGE SUPPORT A pre-file meeting with TSX staff to review process and timing can help to compress the timeline for a graduation. * From January 2000 to December 2022. † The S&P/TSX Composite Index (the “Index”) is the product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and TSX Inc. (“TSX”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and TSX® is a registered trademark of TSX. SPDJI, Dow Jones, S&P, their respective affiliates and TSX do not sponsor, endorse, sell or promote any products based on the Index and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions or interruptions of the Index or any data related thereto. 750+ 22% $241B Graduates from TSXV to TSX* of the S&P/TSX Composite Index† constituents are graduates of TSXV in market capitalization of TSXV graduates