Shares of nDatalyze Corp (OTCMKTS:NDATF) (CSE:NDAT) have been trading within a narrow range.
nDatalyze announces upgraded OTCQB listing and Private Placement
nDatalyze Corp (OTCMKTS:NDATF) (CSE:NDAT) on February 4, 2022, announced that the firm’s common shares have been uplisted to OTCQB and will be trading under the symbol NDATF. Recognized by the Securities and Exchange Commission as an established public market and giving public information to investors, which need to be analyzed.
CEO Jim Durward said that the firm has upgraded listing to OTCQB because of feedback from investors as well as changes to regulatory compliance needs in the United States. The CEO added that the upgraded OTCQB listing will facilitate in increasing the market exposure to American investors, giving easier access to trade with shares and augmenting trading liquidity.
The firm is reporting on proceeding with a non-brokered private placement of about 5,000,000 units at CAD 0.25 per Unit for gross proceeds of CAD 1,250,000
Every unit will be comprising of one common share of Corporation and one common share purchase warrant and every warrant will ensure holders to acquire an extra share of Corporation at a price of CAD$0.35 for one year.
nDatalyze Corp. generates technology-based and health-related solutions. Its YMI division is
developing machine-learning-based mental health applications. The offering is available to existing shareholders of the firm. The shareholder exemption limits shareholders to a maximum of $15,000 for 12 months unless the shareholder has got advice on the suitability of the investment.
Jim Durward, CEO, commented, “We upgraded our listing to the OTCQB due to feedback from investors and changes to regulatory compliance requirements in the United States. Our upgraded OTCQB listing should help to increase the Corporation’s market exposure to American investors, provide them with easier access to trade our shares, and enhance our trading liquidity.”