Business
Boatim Inc. announces stocks are now DWAC eligible
Boatim Inc. announces stocks are now DWAC eligible.
About this update from Boatim Inc.
[{"type":"text","content":"\n\n\n\nBoatim Inc. announces stocks are now DWAC eligible\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBoatim Inc. announces stocks are now DWAC eligible\nPR Newswire\nMIAMI, May 29, 2020\n\n\n\nMIAMI, May 29, 2020 /PRNewswire/ -- Boatim Inc., a globally operating online marketplace for boats and yachts, today announced that the Depository Trust Company (the \"DTC\") has approved its common stock for DWAC/FAST transfers. This newly approved stock transfer capability will enable Boatim shareholders to transfer their shares of BTIM stock electronically after buying or selling on the open market, without the extra expense and delay associated with the processing and transfer of physical share certificates.\nCompanies approved for DWAC/FAST electronic transfers often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading. \n\"We are pleased to announce this shareholder-friendly step in our evolution as a public startup company. DWAC transfer eligibility enables our shareholders to maintain the highest levels of efficiency, accountability and compliance standards for their trading activities in our shares through the best and most up-to-date electronic securities trading platforms being used today,\" stated Wolfgang Tippner, CEO of Boatim.\nAbout DWAC/FAST\nDWAC allows participants to instruct DTC regarding deposit and withdrawal transactions being made directly via a FAST transfer agent. The FAST system eliminates the movement of physical share certificates for transfers of securities registered in the name of DTC's nominee, Cede & Co., on the transfer agent's books. DTC and its FAST transfer agents reconcile the results of participants' deposit and withdrawal activities electronically on a daily basis.\nAbout Boatim Inc.\nBoatim Inc. is a globally operating online marketplace and special interest social network for both the boating industry and boat users. \nBoatim was founded in 2014 and now employs 16 people in Miami (USA) and Barcelona (Spain). The technology startup provides industry-specific so...