ALR Technologies SG Ltd (ALRTF)

[TheLastOneSitting]

ALRT NEWS!!! Uplisting to OTCQB!

ALR Technologies Inc. Announces Corporate Updates
ALRT has applied to OTC Markets to upgrade the trading of its common stock to the OTCQB Venture Market and has had its common stock approved for DWAC FAST

(March 5, 2020 -- RICHMOND, VA) ALR Technologies Inc. (“ALRT” or the “Company”)(OTCPINK: ALRT), the diabetes management company, has been approved for its common stock to be DWAC FAST and has submitted an application to upgrade the trading of its common stock to the OTCQB® Venture Market.

OTCQB Trading Application
The Company is pleased to announce that it has applied to the OTC Markets Group Inc. to upgrade trading from the Pink Market to the OTCQB Venture Market.

We believe that graduating to the OTCQB Venture Market tier will be an important step for the company’s future and that it will bring better visibility and liquidity within the investment community. The OTCQB Venture Market is better suited for developing companies with having more stringent requirements than the Pink Market such as the requirement for annual verification, a management certification process, the requirement to be current in reporting status, and the need to meet a $0.01 bid test.

We expect that OTC Markets will make its decision regarding ALRT’s application for the OTCQB Venture Market within 8 weeks. While we believe we meet the eligibility and reporting requirements for the OTCQB Venture Market, there is no certainty we will be approved by OTC Markets to upgrade trading.

DWAC FAST
ALRT has been approved for deposit and withdrawal at custodian (“DWAC”) eligibility for its common stock currently available on the Pink Market. DWAC is a method of electronically transferring new shares or certificates to and from the Depository Trust and Clearing Corporation (“DTCC”) using our transfer agent, Pacific Stock Transfer, as the distribution point. Under the Fast Automated Securities Transfer (“FAST”) there is no movement of physical securities as the transfer agent acts as custodians for the securities. FAST greatly reduces the costs associated with transferring physical stock certificates and increases the efficiency of transfers and settlement.

https://www.alrt.com/news/2020/03/05/alrt-announces-corporate-updates