Business
AC/DC Battery Cleared for US Trading and DTC Eligible on OTC Market
(TheNewswire) Coquitlam, BC – TheNewswire - August 7, 2024- AC/DC Battery Me...
About this update from Ac/dc Battery Metals, Inc.
[{"type":"text","content":"AC/DC Battery Cleared for US Trading and DTC Eligible on OTC Market\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Coquitlam, BC –\n \n\n TheNewswire -\n \n\n August 7, 2024- AC/DC Battery Metals Inc. (the\n“Company” or “AC/DC”) (TSXV:ACDC) (OTC: ACDBF)\n \n\n is pleased to announce that\n \n\n it has\n \n\n secured DTC eligibility by The Depository Trust\nCompany for its shares traded on the OTC Pink Markets under the stock\nSymbol “ACDBF”\n \n\n (known as the “Pink\nSheets”).  The OTC Pink Sheet marketplace offers trading in a wide\nspectrum of equity securities in the United States.\n \n\n\n\n The DTC is a subsidiary of the Depository Trust &\nClearing Corporation (\"\n \n\n DTCC\n \n\n \") and manages the electronic clearing and settlement of\npublicly traded companies. Securities that are eligible to be\nelectronically cleared and settled through the DTC are considered\n\"DTC eligible.\" This electronic method of clearing\nsecurities speeds up the receipt of stock and cash, and thus\naccelerates the settlement process for investors and brokers, enabling\nthe stock to be traded over a much wider selection of brokerage firms\nby coming into compliance with their requirements.\n \n\n\n\n Being DTC eligible is expected to greatly simplify the\nprocess of trading and exchange the Company’s common stock on the\nOTC marketplace in the United States.\n \n\n\n\n “\n \n\n We are\npleased to have obtained DTC eligibility and being quoted on the Pink\nSheets in the US\n \n\n ,\" said Tim Fernback,\nPresident & CEO. \"\n \n\n DTC eligibility simplifies the process of trading and transferring\nAC/DC’s shares between brokerages in the United States and reduces\nthe costs incurred in trading shares.  With our shares now DTC\neligible and quoted on the Pink Sheets, we expect this to lead to\ngreater liquidity and execution speeds, as well as our shares being\naccessible to an even broader range of investors\n \n\n .\"\n \n\n\n\n The Company also announces\n \n\n it has\nnow applied to have its common shares upgraded to the OTCQB® Venture\nMarket under its current trading symbol “ACDBF”.\n \n\n\n\n The OTCQB Venture Market, operated by OTC Markets Group\nInc., offers transparent trading in entrepreneurial...