NU E Power Retains Market Maker for $5,000 Monthly to Boost Liquidity
NU E Power has hired Venture Liquidity Providers to serve as its market maker through W.D. Latimer Co. at a fee of $5,000 per month for up to 12 months. This agreement aims to improve share liquidity and orderly trading of its common stock, subject to regulatory approval.
1. Market-Making Engagement Details
NU E Power has entered into a 12-month agreement with Venture Liquidity Providers Inc. to initiate market-making services for its common shares. The service will be executed through registered broker W.D. Latimer Co. Ltd., with NU E Power paying $5,000 per month and retaining the right to terminate at any time.
2. Trading Implications
The arrangement is designed to maintain an orderly trading market and enhance share liquidity by having a dedicated market maker. By bolstering trading support and depth, the company aims to make its stock more attractive to investors while ensuring compliance with exchange policies and regulations.