VANCOUVER, BC, Canada – NEXE Innovations Inc., a leader in plant-based materials manufacturing, is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States. 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.
Securities that are eligible to be electronically cleared and settled through DTC are considered to be “DTC eligible”.
DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company’s common shares in the United States.
Ash Guglani, President and director of the Company, comments “The ability to have the Company’s shares electronically transferred between brokerages in the United States is significantly more convenient and reduces the costs incurred in trading shares.
The Company’s shares now traded electronically, existing investors benefit from greater liquidity and execution speeds, while we’ve also opened the door to new investors that may have been previously restricted from our stock.”
About NEXE Innovations Inc.
NEXE Innovations Inc. is a leader in plant-based compostable technology and advanced materials manufacturing based in British Columbia, Canada. The company has developed one of the only patented, fully compostable, plant-based, single-serve coffee pods for use in leading single-serve coffee machines.
The proprietary NEXE pod is designed to reduce the significant environmental impact caused by single-serve pods, >40 billion of which are discarded every year. NEXE is well-positioned to meet the growing demand for environmentally friendly and sustainable products in the single-serve coffee sector and beyond.
