DTC eligibility is expected to increase the
accessibility of Sabio's stock for U.S. investors
NOT FOR DISTRIBUTION TO UNITED
STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. THIS NEWS RELEASE DOES NOT
CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY
ANY SECURITIES IN THE UNITED
STATES. ANY SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND
WILL NOT BE REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S.
SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE
OFFERED OR SOLD WITHIN THE UNITED
STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S.
SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION
FROM SUCH REGISTRATION IS AVAILABLE.
TORONTO, Nov. 17, 2022 /CNW/ -- Sabio Holdings
Inc. (TSXV: SBIO) (OTCQX: SABOF) (the "Company" or "Sabio"), a
leading provider of connected TV ("CTV") and over-the-top ("OTT")
advertising platforms validated by performance, is pleased to
announce, following its upgrade to the OTCQX® Best Market ("OTCQX")
on June 15, 2022, that the Depository Trust Company ("DTC")
has made Sabio common shares eligible for electronic deposit at
DTC. DTC eligibility is expected to simplify the process of
trading Sabio's shares in the United
States.
With DTC eligibility, existing investors benefit from
potentially greater liquidity, faster trade execution speeds, and
precise settlement of trades. As many broker-dealers and banks
require DTC eligibility, the Company's common shares are now
accessible to new investors that may have previously been unable to
access them.
Sajid Premji, Sabio's CFO,
stated, "We are excited that the trading of Sabio's shares in
the United States will now be
easier for existing and new shareholders alike, with potential
enhancements in liquidity and reduced costs. We look forward to
sharing our growth story with a broader investor group."
The DTC is a subsidiary of the Depository Trust & Clearing
Corporation, a U.S. company that manages the electronic clearing
and settlement of publicly traded companies. Sabio's common shares,
which trade under the symbol SABOF on the OTCQX in the United States, are now eligible to be
electronically cleared and settled through DTC and are considered
to be "DTC eligible."
About Sabio
Sabio Holdings Inc. (TSXV: SBIO) (OTCX: SABOF) is a technology
provider in the high-growth advertising-supported video on demand
and streaming space. Its cloud-based CTV/OTT technologies enable
content creators' distribution, monetization, and analytics while
providing ROI validation for brands and agencies that sponsor them.
The Sabio Holdings portfolio is comprised of the trusted and
transparent content monetization platform Sabio DSP, its cutting
edge, non-panel based, real-time measurement and attribution SAAS
platform App Science™ along with Vidillion, a pioneer in ad
insertion cloud technologies.
For more information, visit: sabioholding.com
Forward-Looking Statements
This release contains forward-looking statements and
forward-looking information within the meaning of applicable
Canadian securities legislation, including but not limited to the
benefits to be derived by the eligibility of the Company's
securities on DTC, that are not based on historical fact, including
without limitation statements containing the words "believes",
"anticipates", "potential", "intends", "will", "should",
"expected", "continue", "estimate", "forecasts" and other
similar expressions. Readers are cautioned to not place undue
reliance on forward-looking information. The forward-looking
information contained in this press release are expressly qualified
by this cautionary statement and are made as of the date hereof.
The Company disclaims any intention and has no obligation or
responsibility, except as required by law, to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise.
This news release shall not constitute an offer to sell or
the solicitation of an offer to buy any securities in any
jurisdiction.
Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. FINA
SOURCE Sabio Holdings Inc.