Big update on this cooking : Sirrus <<OTCPK:SRUP>> formed a new wholly-owned subsidiary, Digital Deadbolt Technologies, Inc. (“DDT”).
DDT would be permitted to raise up to $20M from accredited and non-accredited investors in a 12-month period under Tier 1 Regulation A exempt offering with the Securities and Exchange Commission.
Sparrow Marcioni, Sirrus Corp. CEO, stated “We are confident this strategy will help to position the DDT business for continued growth, while at the same time allow each Sirrus Corp. shareholder to benefit from that growth. This strategy also opens the possibility that, in the future, DDT shares could be distributed to SRUP shareholders and that a DDT spin-off could trade on the OTC Markets or another exchange.”