109  0 Kommentare Alset Capital Inc. Expands US Investor Reach with OTC Listing Under Symbol ALSCF

"Listing Alset on the OTC market and making our shares DTC eligible marks another milestone toward enabling more investors to be part of our ongoing progress. With both DTC eligibility and listing on the OTC, trading of Alset's shares will be easier and made possible to a wider investor audience in the United States," said Morgan Good, CEO of Alset. "After completing our fully subscribed C$6 million financing in March, closing significant cloud compute leasing and high-performance computing distribution contracts with cumulative revenue expectations of C$7.8M to date, and continuing to scale our business leveraging multiple unique relationships and partnerships with notable US-based strategic partners, we feel confident about our ability to generate value for our shareholders and improve stock liquidity. This listing enables us to deepen and widen awareness of the unfolding Alset story among both institutional and retail investors in the US."

The OTC Pink Market allows early-stage and developing companies the benefit of being publicly traded in the United States. The Company expects that listing on the OTC Pink Market and DTC eligibility will provide greater visibility and convenience of trading for U.S. investors, resulting in enhanced U.S. trading liquidity and greater reach.

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The common shares are also eligible for electronic clearing and settlement in the United States through the DTC. DTC eligibility is expected to simplify the process of trading and to enhance liquidity of the Shares in the United States. DTC is a subsidiary of the Depository Trust & Clearing Corp., a US company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be DTC eligible. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.