Nasdaq Vilnius has granted COBALT the status of Certified Adviser for the First North market in Lithuania

On 28 October Nasdaq announced that the law firm COBALT has been granted the status of Certified Adviser in Lithuania on the First North market by Nasdaq Vilnius.

Nasdaq Baltic First North is a growth market tailored for ambitious small and medium-sized companies, combining the benefits of being public with simplicity. As a Certified Adviser, COBALT is going to guide growth companies in Lithuania through the First North application process and ensure they meet the market’s requirements.

Gediminas Varnas, President of Nasdaq Vilnius, congratulated COBALT on becoming certified advisers in the First North market and said that COBALT expertise will support Lithuanian companies’ growth and enhance the capital market.

Eva Suduiko, Partner at COBALT, commented: “We are seeing growing interest from small and medium-sized enterprises in capital markets and the opportunities it can offer for their business development. By becoming First North Certified Advisers, we are going to help companies not only evaluate if they are ready to enter the alternative market, but also provide guidance throughout the entire process – from preparation to listing and ongoing compliance requirements. First North Certified Adviser status will enable us to help clients achieve their strategic objectives, and for some, this could be the first step towards transitioning to the regulated capital market in the future.”

Nasdaq First North Market is designed for smaller growth companies seeking to raise capital and gain greater visibility and credibility by exposing themselves to a wider range of investors. For investors, First North offers the opportunity to invest in companies at earlier stages of growth.

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