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Ann: DTC Eligibility Approved, page-12

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03/02/22

16:35

Post #: 59335816
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Originally posted by Fact Finder: ↑

BrainChip Approved for DTC Eligibility
• Company’s stock now able to be traded electronically through the largest securities
depository in the world
• Benefits include better liquidity and lower transaction costs
Sydney – 03 February 2022: BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF&
BCHPY), the world’s first and only commercial producer of neuromorphic artificial
intelligence chips, today announced that its ordinary shares have been approved for
eligibility by The Depository Trust Company (DTC), making it possible to settle trades
electronically in the United States among broker/dealers and the Company’s US transfer
agent.
DTC is the largest securities depository in the world, holding more than US$35 trillion worth
of securities. Being DTC eligible allows BrainChip’s shares to be traded between member
firms electronically via its “street name” without buyers and sellers needing to transfer
physical certificates to settle trades. This process dramatically reduces costs associated
with trading securities while improving the ease of trading and liquidity of the Company’s
securities.
“We view being DTC eligible to be a tremendous value add for our shareholders as it
significantly minimalizes barriers to trade by enabling brokers and dealers to quickly and
easily exchange shares through the depository,” said Ken Scarince, BrainChip Chief
Financial Officer. “Having additional real-time electronic trading options helps ease the
volatility of transactions, enables higher trade volumes and offers lower trading fees. This is
the latest in a series of moves we have made to increase the visibility and attractiveness of
our stock to various investors around the world.”
The Company launched an American Depositary Receipt (ADR) program in November of
last year as an instrument aimed at attracting US institutional investors. This allowed the
Company to have ADSs (with each ADR representing 40 ordinary shares of BRN) to trade in
US dollars on the OTCQX. This process closely followed the Company’s upgrade to the
OTCQX Best Market earlier in 2021.
Additional information about BrainChip Holdings Ltd. and investor opportunities is available
at https://brainchipinc.com/investors/
This announcement is authorised for release by the BRN Board of Directors

Expand

Just like Arnie as the Terminator Brainchip just keeps coming. Ken Scarince the CTO has been burning both ends of the candle (not the pretty ones on your bathtub ledge) getting this approved. It is not an easy thing to achieve so anyone who feels so inclined might let the company know how much his efforts in Germany and the USA are appreciated by shareholders. I will be sending my thanks shortly.

The mystery of the ASX and what is considered price sensitive or marketing is beyond my intellect and life experience. If the ASX had been running the High Court of Australia my life might have taken a different path. LOL

My opinion only DYOR
FF

AKIDA BALLISTA

BRN Price at posting: $1.59 Sentiment: Hold Disclosure: Held
118 Upvote

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