BrainChip Updates Ticker Symbol on OTC to BRCHF; Applies for Upgrade to OTCQX Exchange
16 Aprile 2021 - 04:34AM
Business Wire
- BrainChip seeking approval to trade on U.S. OTCQX
- Company trading on OTC Pink now under BRCHF effective April 16,
2021
BrainChip Holdings Ltd. (ASX: BRN), a leading provider of
ultra-low power high performance AI technology, today announced
that it is applying to upgrade to the U.S. OTCQX market due to
increased interest from U.S. investors.
In addition, its ticker symbol on the OTC Pink will become BRCHF
effective at the beginning of trading on Friday, April 16, 2021.
The company was previously listed under the symbol AZKLF.
The OTCQX Best Market provides value and convenience to U.S.
investors, brokers and institutions seeking to trade BrainChip
Holdings Ltd. ordinary shares. The OTCQX Best Market is OTC Markets
Group's premier market for established, investor-focused U.S. and
international companies. To be eligible, companies must meet high
financial standards, follow best practice corporate governance,
demonstrate compliance with U.S. securities laws and be current in
their disclosure. The proposed upgrade to OTCQX is non-dilutive,
requiring no additional capital be raised and no new shares will be
issued on the OTC markets. No shareholder action is required.
The Company will provide a further update shortly providing
details of the date for commencement of trading of its shares on
the OTCQX.
For additional information or to subscribe to BrainChip updates,
please contact brainchipupdate@brainchipinc.com.
This announcement is authorised for release by the BRN Board
of Directors.
About BrainChip Holdings Ltd. (ASX: BRN)
BrainChip is a global technology company that is producing a
groundbreaking neuromorphic processor that brings artificial
intelligence to the edge in a way that is beyond the capabilities
of other products. The chip is high performance, small, ultra-low
power and enables a wide array of edge capabilities that include
on-chip training, learning and inference. The event-based neural
network processor is inspired by the spiking nature of the human
brain and is implemented in an industry standard digital process.
By mimicking brain processing BrainChip has pioneered a processing
architecture, called Akida™, which is both scalable and flexible to
address the requirements in edge devices. At the edge, sensor
inputs are analyzed at the point of acquisition rather than through
transmission via the cloud to a data center. Akida is designed to
provide a complete ultra-low power and fast AI Edge Network for
vision, audio, olfactory and smart transducer applications. The
reduction in system latency provides faster response and a more
power efficient system that can reduce the large carbon footprint
of data centers.
Additional information is available at
https://www.brainchipinc.com
Follow BrainChip on Twitter: https://twitter.com/BrainChip_inc
Follow BrainChip on LinkedIn:
https://www.linkedin.com/company/7792006
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version on businesswire.com: https://www.businesswire.com/news/home/20210415006146/en/
JPR Communications Mark Smith, 818-398-1424 marks@jprcom.com
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