On that note we are fast approaching 15 May, 2021 which will be four weeks since the following announcement which indicated a fairly tight timeline until the announcement of the upgrade to the OTCQX by BRN:
Aliso Viejo, California – April 15, 2021 – BrainChip Holdings Ltd. (ASX: BRN), a leading provider of ultra-low power high performance AI technology, today announced that it is applying to upgrade to the U.S. OTCQX market due to increased interest from U.S. investors.
In addition, its ticker symbol on the OTC Pink will become BRCHF effective at the beginning of trading on Friday, April 16, 2021. The company was previously listed under the symbol AZKLF.
The OTCQX Best Market provides value and convenience to U.S. investors, brokers and institutions seeking to trade BrainChip Holdings Ltd. ordinary shares. The OTCQX Best Market is OTC Markets Group's premier market for established, investor-focused U.S. and international companies. To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws and be current in their disclosure. The proposed upgrade to OTCQX is non-dilutive, requiring no additional capital be raised and no new shares will be issued on the OTC markets. No shareholder action is required.
The Company will provide a further update shortly providing details of the date for commencement of trading of its shares on the OTCQX.
My opinion only DYOR FF.
AKIDA Ballista
BRN Price at posting:
56.5¢ Sentiment: Hold Disclosure: Held
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