Will Plans to Uplist Push Shares of this Firm Higher?

By: Tomas Ronolski - AllPennyStocks.com News

Monday, March 25, 2024

When companies uplist, it can positively impact both the investor base and trading volume, potentially attracting more institutional investors, as well as liquidity. This firm, which invests in web3 assets and builds businesses linked to crypto staking, just announced conditional approval to list its common shares on the TSX Venture Exchange, subject to the satisfaction of certain customary listing requirements.

Technology investment company Tokens.com Corp. (Cboe Canada: COIN) (OTCQB: SMURF) announced in a press release today the news to uplist, along with intentions to delist its common shares and warrants from trading on Cboe Canada effective at the close of trading on March 27, 2024. Subject to such delisting, the common shares and warrants will commence trading on the TSXV at the opening of trading on March 28, 2024.

Tokens.com owns an inventory of cryptocurrency and a collection of top-ranked crypto-related domain names. Earlier in March, the firm completed the sale of Metaverse Group and Hulk Labs to StoryFire, a private online social entertainment and gaming platform that empowers users to create and engage with immersive narratives. In addition to $2.5 million in cash, at the end of February, the firm held over $10 million in Ethereum and approximately $4 million in Solana and Polkadot.

U.S. traded shares of the firm last traded at $0.099.

Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.