SecureTech Innovations, an emerging growth company that develops and markets cutting-edge security and safety devices, products, and technologies such as Top Kontrol and its early-stage cybersecurity and cryptocurrency technology incubator Piranha Blockchain, announces that the Depository Trust Company (“DTC”) has made SecureTech’s common shares eligible for electronic deposit at the DTC. SecureTech believes that being DTC eligible will make trading in its common shares on the OTC Pink Market more accessible to the US investment community.
Top NLP Update: Natural Language Processing: The Technology That’s Biased
DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible.” Having DTC eligibility enables SecureTech’s common shares to be distributed, settled, and serviced through DTC’s automated processes. This allows for a more streamlined process of trading SecureTech’s common shares in the United States while enhancing the liquidity of the common shares in the OTC capital markets.
Kao Lee, SecureTech’s President and CEO, commented, “We are excited to receive DTC eligibility as we continue to expand our investor community. We are committed to growing and know that receiving DTC eligibility is a major step towards helping us achieve our goals as we provide enhanced access and liquidity to our growing US investor base.”
Read More About ML News : How AI English Language Training Tools can be Leveraged Ahead of the Summer Travel Surge
Mr. Lee added, “Next, we will shift our efforts in this area to uplisting our common shares onto the OTCQB Venture Market, which will provide additional investor liquidity while enabling a broader range of investors and hedge funds to invest in our growing business. Enhancing shareholder participation and boosting underlying value is a top Management priority at SecureTech.”
Latest Aithority Insights: How Companies Are Using AI to Alleviate Labor Shortages
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.