Red Cat Holdings Inc. (TFVR:OTC) announced in a news release that it will change its ticker symbol to RCAT in its U.S. OTC market listing. The Financial Industry Regulatory Authority approved the change.
As of Aug. 1, 2019, the tech company will temporarily trade under TFVRD rather than TFVR for 20 business days, after which its ticker symbol will become RCAT.
"Trading under the new OTC ticker RCAT will complete our corporate transition to Red Cat Holdings Inc.," CEO Jeff Thompson said in the release. "With our public company presence now fully aligned to our corporate brand, we are excited to continue to build the Red Cat footprint across the United States."
In other news, the company initiated a 1 for 1,200 reverse split of its common stock also on Aug. 1.
Red Cat Holdings provides blockchain-based distributed data storage, analytics and services to the drone industry.[NLINSERT]
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