Upstream, a globally accessible trading app for securities and NFTs powered by blockchain technology, has announced a spinoff share distribution, and a recent Upstream blog discusses how investors can leverage that to their advantage. The blog noted that Upstream features the future of transparent, instant, peer-to -peer trading and is actively accepting dual listing applications from issuers around the world looking for access to a global, digital-first investor base that can trade Upstream securities with credit/debit card, PayPal, and USD along with USDC digital currency. The recent blog explains that a spinoff is when a parent company creates a new company then distributes shares in that subsidiary or business division to current shareholders.
Shareholders wanting to participate in the spinoff can download Upstream from either the Google or Apple app store, then sign up. They must complete KYC identity verification before the established distribution date, then after they have received brokerage statements confirming their shareholding by the record date, they can request their share distribution and verify their shareholding. That request can be made on the Upstream app. “Once the parent company has completed their regulatory approvals in their primary market or jurisdiction, the parent company will set a record date where all parent company shareholders as of that set record date (i.e., shares purchased and held two days or more prior to the record date) will be entitled to receive an equal proportion of shares in the spinoff company,” states the blog. “Upstream is thrilled to support spinoff share distributions for our forward-thinking issuers.”
To view the full blog, visit https://ibn.fm/VOx04
About Upstream
Upstream, a MERJ Exchange Market, is a fully regulated global stock exchange. Powered by Horizon Fintex’s proprietary matching-engine technology, the exchange enables investors to trade shares in dual-listed companies, NFTs, shares in IPOs, crowdfunded companies, U.S. and international equities, and celebrity ventures directly from the app. For more information about the company, visit www.Upstream.Exchange.
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
[email protected]
InvestorWire is powered by IBN