Nova Minerals halts trading for U.S. redomicile completion
Nova Minerals Limited (NASDAQ: NVA) has suspended trading of its shares across multiple exchanges to complete its redomiciliation to the United States, according to a company statement.
The trading halt affects ordinary shares on the ASX and OTC markets, as well as American Depositary Shares and listed warrants on Nasdaq. Trading suspension began following orders from the Supreme Court of New South Wales and schemes of arrangement becoming effective on June 3, 2026.
The company expects to complete the redomiciliation process around June 16, 2026. Trading of Nova Minerals Corp's securities is expected to resume shortly after completion, with ASX-listed CHESS Depositary Interests trading under ticker "NVA" and NYSE American-listed common stock and warrants trading under "NVA" and "NVAWW" respectively.
Shareholders registered as of the June 9, 2026 record date will retain proportional ownership in the new U.S.-domiciled parent company Nova Minerals Corp. ASX shareholders will receive CDIs on a one-for-one basis, while OTC shareholders will receive NYSE American common stock on a one-for-twelve basis.
Nasdaq ADS holders will receive NYSE American common stock on a one-for-one basis. Nasdaq warrant holders will receive NYSE American warrants on a one-for-three basis.
Certain shareholders, including those with holdings valued under A$500 who did not opt out and ineligible foreign shareholders in specified jurisdictions, will not receive CDIs. Instead, their entitlements will be sold on-market within 90 business days with net proceeds distributed pro rata.
The company has established a U.S. corporate office in Greenwood Village, Colorado, and plans to launch a new website at www.novamineralscorp.com.
