NetworkNewsBreaks – American Fusion Inc. (OTC: AMFN) Receives FINRA Clearance for Form 211, Advances OTCQB Application
American Fusion (OTC: AMFN), developer of the proprietary Texatron(TM) Fusion Engine(TM), announced that the Financial Industry Regulatory Authority (“FINRA”) has cleared the Form 211 filed on its behalf by Alpine Securities Corporation pursuant to Rule 15c2-11 under the Securities Exchange Act of 1934. The clearance permits Alpine, as the company’s sponsoring market maker, to initiate proprietary priced quotations in AMFN common stock and resolves the final open item previously identified in American Fusion’s OTCQB Venture Market application process. The company believes it is now in the final stages of that process and intends to work with Alpine and OTC Markets Group to complete the remaining administrative steps, with OTCQB qualification still subject to final review and approval.
American Fusion said the Form 211 clearance and contemplated advancement to OTCQB are components of its broader capital markets strategy and are separate from its planned future uplisting to a national securities exchange. The company has engaged Lucosky Brookman LLP as securities and capital markets counsel for work related to a new SEC registration statement and future exchange listing application and intends to evaluate the Nasdaq Capital Market and Texas Stock Exchange, among other potential venues. No determination regarding a future listing venue has been made.
To view the full press release, visit https://nnw.fm/Hu6Gu
NOTE TO INVESTORS: The latest news and updates relating to AMFN are available in the company’s newsroom at https://nnw.fm/AMFN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
American Fusion (OTC: AMFN), developer of the proprietary Texatron(TM) Fusion Engine(TM), announced that the Financial Industry Regulatory Authority (“FINRA”) has cleared the Form 211 filed on its behalf by Alpine Securities Corporation pursuant to Rule 15c2-11 under the Securities Exchange Act of 1934. The clearance permits Alpine, as the company’s sponsoring market maker, to initiate proprietary priced quotations in AMFN common stock and resolves the final open item previously identified in American Fusion’s OTCQB Venture Market application process. The company believes it is now in the final stages of that process and intends to work with Alpine and OTC Markets Group to complete the remaining administrative steps, with OTCQB qualification still subject to final review and approval.
American Fusion said the Form 211 clearance and contemplated advancement to OTCQB are components of its broader capital markets strategy and are separate from its planned future uplisting to a national securities exchange. The company has engaged Lucosky Brookman LLP as securities and capital markets counsel for work related to a new SEC registration statement and future exchange listing application and intends to evaluate the Nasdaq Capital Market and Texas Stock Exchange, among other potential venues. No determination regarding a future listing venue has been made.
To view the full press release, visit https://nnw.fm/Hu6Gu
NOTE TO INVESTORS: The latest news and updates relating to AMFN are available in the company’s newsroom at https://nnw.fm/AMFN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
