Top End Energy Begins Trading on U.S. OTCQB as ADR ‘SERPY’
Top End Energy (ASX: TEE; OTCQB: SERPY) has launched trading of its Sponsored American Depositary Receipts (ADR) program on the U.S. OTCQB Venture Market, strengthening its visibility with U.S. investors and aligning its strategy with America’s focus on energy independence and supply chain security.
Each ADR represents 300 TEE ordinary shares, with BNY Mellon appointed as depositary. The program is non-dilutive, meaning no changes to the company’s capital structure. U.S. advisory firm Amvest Capital guided the ADR process and roadshows, while Viriathus Capital has been engaged to expand U.S. capital markets outreach.
CEO Luke Velterop emphasized that U.S. investors view natural hydrogen as a domestic energy resource and a strategic fit with the country’s evolving energy policy. He noted the company’s Serpentine Project in Kansas is positioned to deliver low-cost, low-carbon hydrogen for U.S. industries including agriculture and chemical refining.
“Several ASX peers with U.S. projects have benefited from OTC market access, and we believe TEE can capture this same opportunity,” Velterop said.
The listing supports Top End Energy’s broader mission to contribute to U.S. energy independence, aligning with President Trump’s Unleashing American Energy Executive Order and its directive to maximize domestic production, reduce reliance on foreign supply and streamline regulation and investment to accelerate American energy projects.
Full announcement can be found below:
