Sezzle has announced its intention to list its common stock for trading on the US NASDAQ exchange.
To satisfy listing requirements, the company's board of directors approved a reverse split of the common stock, subject to stockholder approval, which is expected to take place ahead of the direct listing on the exchange. The company's shares of common stock will also continue to trade on the Australian Securities Exchange (ASX) as well, with the company aiming to remove restrictions on stock ownership sales to US persons.
Analyst QuickTake: Sezzle has been listed on the Australian Securities Exchange since 2019, with the announcement coming after Sezzle reported a profitable Q4 FY2022 in its earnings release and the identification of additional revenue sources for 2023. Sezzle is among the few BNPL firms that reported a profitable fourth quarter, while other firms such as Laybuy incurred losses and decided to delist from the ASX .
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