DALLAS, June 18, 2021 /PRNewswire/ — Utilized Blockchain, Inc. (“Utilized Blockchain” or the “Firm”) (PINK: APLD), at the moment introduced the completion of its company title change from Utilized Science Merchandise, Inc. efficient June 16, 2021 and started the method of submitting its preliminary utility to OTC Markets Group to uplist its widespread inventory from the OTC Pink Market to the OTCQB Enterprise Market. The Firm’s buying and selling image will stay “APLD.”
As well as, the Firm additionally introduced that it has engaged a PCAOB licensed nationwide accounting and advisory providers agency to supply audit providers associated to the Firm’s monetary statements for the fiscal years ended Might 31, 2020 and 2021.
“Establishing buying and selling on the OTCQB will enhance our visibility throughout the funding neighborhood, enhance liquidity in our inventory and supply us with elevated alternatives to showcase our accomplishments to a broader viewers,” mentioned Utilized Blockchain, Inc.’s CEO and Chairman Wes Cummins. “Firms that commerce on the OTCQB should meet excessive requirements for monetary disclosure, compliance with securities legal guidelines and company governance. We’re dedicated to assembly these requirements and offering transparency for shareholders and potential buyers. This can be a essential step for our firm as we transfer ahead with our progress agenda and in the end pursue a list on a serious change later this 12 months.”
Discover the newest video message from CEO and Chairman Wes Cummins at https://appliedblockchaininc.com/events-presentations/
Comply with us on Twitter at @APLDBlockchain.
About Utilized Blockchain
Utilized Blockchain, Inc. is an Ethereum-focused firm that’s searching for to shortly scale a big Ethereum/Altcoin mining operation by strategic partnerships with two of the world’s largest and most skilled Ethereum firms.
This launch comprises “forward-looking statements” as outlined within the Non-public Securities Litigation Reform Act of 1995 relating to, amongst different issues, future working and monetary efficiency, product growth, market place, enterprise technique and aims. These statements use phrases, and variations of phrases, akin to “proceed,” “construct,” “future,” “enhance,” “drive,” “consider,” “look,” “forward,” “assured,” “ship,” “outlook,” “anticipate,” and “predict.” Different examples of forward-looking statements could embrace, however usually are not restricted to, (i) statements of Firm plans and aims, together with our evolving enterprise mannequin, or estimates or predictions of actions by suppliers, (ii) statements of future financial efficiency, and (iii) statements of assumptions underlying different statements and statements concerning the Firm or its enterprise. You’re cautioned to not depend on these forward-looking statements. These statements are based mostly on present expectations of future occasions and thus are inherently topic to uncertainty. If underlying assumptions show inaccurate or recognized or unknown dangers or uncertainties materialize, precise outcomes might range materially from the Firm’s expectations and projections. These dangers, uncertainties, and different components embrace: decline in demand for our services and products; the volatility of the crypto asset business; the lack to adjust to developments and adjustments in regulation; money circulation and entry to capital; and upkeep of third celebration relationships. Info on this launch is as of the dates and time durations indicated herein, and the Firm doesn’t undertake to replace any of the knowledge contained in these supplies, besides as required by regulation.
Investor Relations Contacts
Brett Maas • Managing Accomplice, Hayden IR
email@example.com • (646) 536-7331
Wes Cummins • Chief Government Officer, Utilized Blockchain
SOURCE Utilized Blockchain, Inc.