CAE Inc. will withdraw its shares from the New York Stock Exchange and transfer its US listing to the Nasdaq in two weeks.
The Montreal-based flight-simulator and pilot-training specialist announced the switch, marking a shift in its US market presence.
Management stated that the decision supports the company's strategic direction.
The move is expected to be completed within the fortnight, with trading on the NYSE ceasing as the Nasdaq listing takes effect.
The exchange transfer follows a period of market volatility for large-cap tech and industrial names.
While CAE's move is administrative, it occurs against a backdrop of broader market shifts, including recent pressure on major tech stocks following reports of potential capital raises.