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Vaultz Capital stock rises with US cross-trading launch

ALN

Vaultz Capital PLC on Friday began trading on the OTCQB Venture Market, as the bitcoin-focused firm courts US investors.

Vaultz Capital is a London-based operator of digital infrastructure for bitcoin mining, which trades on the Aquis Exchange.

Its shares were quoted 13% higher at 4.25 pence around midday on Friday on Aquis.

It was approved for a dual listing in Frankfurt at the end of September.

Separately, the OTC Markets Group has approved cross-trading of Vaultz shares in the US, following an application by the company in July.

Vaultz said that the OTC listing will not impact shares trading on Aquis or in Frankfurt, nor will it be issuing any new shares as part of the cross-trading launch.

Chief Executive Eric Benz commented: ‘Our admission to the OTCQB represents another significant milestone in Vaultz’s growth journey. It provides US investors with an accessible platform to trade our shares and enables us to broaden our global investor base. We believe this step will enhance the company’s visibility, improve share liquidity and support our long-term capital strategy.’

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