Business
Applied Blockchain, Inc. Completes Name Change as It Prepares to Pursue Uplisting to Major Exchange
Started Process of Submitting Listing Application to OTCQB Venture Market; Aims to Uplist to National Exchange Later This Year Engages Audit Firm DALLAS, June
About this update from Applied Digital Corporation
[{"type":"text","content":"Started Process of Submitting Listing Application to OTCQB Venture Market; Aims to Uplist to National Exchange Later This Year\n Engages Audit Firm\n\n\nDALLAS, June 18, 2021 /PRNewswire/ -- Applied Blockchain, Inc. (\"Applied Blockchain\" or the \"Company\") (PINK: APLD), today announced the completion of its corporate name change from Applied Science Products, Inc. effective June 16, 2021 and began the process of submitting its initial application to OTC Markets Group to uplist its common stock from the OTC Pink Market to the OTCQB Venture Market. The Company's trading symbol will remain \"APLD.\" \nIn addition, the Company also announced that it has engaged a PCAOB certified national accounting and advisory services firm to provide audit services related to the Company's financial statements for the fiscal years ended May 31, 2020 and 2021. \n\"Establishing trading on the OTCQB will increase our visibility within the investment community, improve liquidity in our stock and provide us with increased opportunities to showcase our accomplishments to a broader audience,\" said Applied Blockchain, Inc.'s CEO and Chairman Wes Cummins. \"Companies that trade on the OTCQB must meet high standards for financial disclosure, compliance with securities laws and corporate governance. We are committed to meeting those standards and providing transparency for shareholders and potential investors. This is a crucial step for our company as we move forward with our growth agenda and ultimately pursue a listing on a major exchange later this year.\"\nFind the latest video message from CEO and Chairman Wes Cummins at https://appliedblockchaininc.com/events-presentations/ \nFollow us on Twitter at @APLDBlockchain. \nAbout Applied Blockchain\nApplied Blockchain, Inc. is an Ethereum-focused company that is seeking to quickly scale a large Ethereum/Altcoin mining operation through strategic partnerships with two of the world's largest and most experienced Ethereum companies. www.appliedblockchaininc.com \nForward-Looking Statements\nThis release contains \"forward-looking statements\" as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives. These statements use words, and variations of words, su...