Mr. Brad Moore reports
GLOBAL COMPLIANCE APPLICATIONS CORP. APPROVED TO DUAL LIST ON UPSTREAM
Global Compliance Applications Corp. has received approval to list its shares on Upstream, a revolutionary securities trading app designed to eliminate barriers for international investment into North America while not competing with other exchanges domestically, such as the Canadian Securities Exchange. Trading begins on Upstream Oct. 7, 2024, at 10 a.m. ET under the ticker symbol
GCAC.
Upstream was designed to provide companies like Global Compliance the channel to access an international, digital-first investor base that trade using USDC digital currency along with credit, debit, PayPal and United States dollar which could unlock liquidity and enhance price discovery. The dual listing is expected to enhance Global Compliance's global investment exposure and potential investment opportunities. Global Compliance's current shareholders and its listings on the Canadian Securities Exchange, OTC markets and Frankfurt will not be affected by the listing to Upstream.
"We believe securing this listing on Upstream will help unlock additional liquidity and expand our global shareholder base by reaching untapped international markets," said Brad Moore, chief executive officer of Global Compliance. "As we continue on the path towards future value creation for our stakeholders, it is increasingly important that we can share our developments both domestically and internationally. We look forward to working with the team at Upstream for our listing on Oct. 7."
Existing non-U.S. and non-Canadian investors may prepare for the listing by downloading Upstream from their preferred app store on-line, creating an account by tapping sign up and completing a simple KYC identity verification. Note, U.S. or Canadian persons may not deposit, buy or sell securities on Upstream.
Traders on Upstream's smart contract-powered platform will experience real-time trading and settlement and a transparent order book that does not permit common market manipulations.
Details on the Global Compliance listing and deposit and trading instructions can be found on-line. The Upstream market is open five days a week, 20 hours a day, Monday to Friday: 1 a.m. to 9 p.m. EST.
Transferring Global Compliance shares to Upstream
Existing non-U.S./non-Canadian shareholders may initiate the transfer of their shares by opening Upstream, tapping investor, manage securities, deposit securities, then entering the ticker symbol GCAC and the number of shares to deposit and tapping submit. Next, investors enter their brokerage firm name and brokerage account number, then tap submit. Lastly, investors tap add E-signature, sign their name on the screen using their finger, tap done and then tap sign.
After completion of the deposit request on Upstream, shareholders will receive through e-mail an executed deposit form to submit to their current brokerage firm to initiate a withdrawal to the transfer agent. Shares will not be transferred without notifying the current broker and requesting a withdrawal. On listing day, shareholders will receive a push notification once the shares are deposited and available for trading on Upstream.
About Global Compliance Applications Corp.
Global Compliance is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. Global Compliance's leading solution is Efixii, an ethereum Layer 2 blockchain and EVM programming functionality that is on par with other Layer 2s. Global Compliance can connect product producers, distributors, manufacturers and retailers through a series of value chain dApps that allows for data connectivity to drive better consumer experiences and sales. Global Compliance serves as a one-stop digital-coupon shop that saves users money on cannabis and cannabidiol that may have Efixii-blockchain verified seed to sale life cycle information. Global Compliance works in many agricultural industries providing a value-added blockchain offering through a cost-effective SaaS (software as a service) licensing model.
We seek Safe Harbor.
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