MPhase Technologies Files Form 15 to Expedite Qualification for Pink Current Status
MPhase Technologies Files Form 15 to Expedite Qualification for Pink Current Status
"High costs and lengthy delays in the audit process are a challenge for any small company, but particularly for one that is entering a major growth phase," explained Pebble CEO Richard Thorpe. "Our business is expanding rapidly, so this decision to simplify our reporting will provide us with tremendous cost savings at a time when additional capital can have a meaningful impact on our future growth. The changes in our reporting structure should be viewed as transitional, a means to more quickly resume trading, increase our transparency, and rebuild our status as a viable public entity. We've successfully launched what we think will be one of the fastest growing new entities in the sustainability space, so we look forward to sharing our progress with investors in future updates."Jacksonville, FL, June 29, 2023 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC Pink: XDSL) ("mPhase" or the "Company") currently rebranding as "Pebble," a leading climate technology company with services that transform how both merchants and consumers profit from sustainability-oriented commerce and lifestyle choices, today announced that it has filed a Form 15, in order for the Company to transition to the OTC Markets Alternative Reporting Standard. This change is designed to facilitate a move onto OTC's Pink Current Information Tier and a resumption of trading.
佛羅裡達州傑克遜維爾，2023年6月29日(環球通訊社)MPhase Technologies(場外交易粉色代碼：xDSL)(以下簡稱“M階段”或“公司”)目前更名為“Pebble”，是一家領先的氣候技術公司，其服務改變了商家和消費者從以可持續發展為導向的商業和生活方式選擇中獲利的方式。該公司今天宣佈，它已經提交了15號表格，以便公司過渡到場外市場替代報告標準。這一變化旨在促進場外交易平臺Pink Current Information Tier的升級和恢復交易。
As part of this process, the Company has temporarily suspended SEC reporting, and has applied to the OTC Disclosure and News Service. Once approved, the Company will commence the process of meeting the OTC's disclosure requirements, which include filing unaudited financial statements for the annual period ended June 30, 2022 and subsequent quarterly reports for Fiscal 2023. The Company's goal is to complete these requirements over the next several weeks. After satisfying the necessary OTC information requests, the Company should be moved from the Expert Market tier up to Pink Limited, which will enable shareholders to once again purchase the company's stock on select brokerages, creating a more liquid market. Once all annual and quarterly reports are audited and submitted, the Company should be returned to Pink Current, which will remove any remaining brokerage restrictions.
作為這一程序的一部分，該公司已暫停美國證券交易委員會的報道，並已向場外披露和新聞局提出申請。一旦獲得批准，該公司將開始滿足場外交易委員會的披露要求，其中包括提交截至2022年6月30日的年度未經審計財務報表和隨後的2023財年季度報告。該公司的目標是在未來幾周內完成這些要求。在滿足必要的場外資訊要求後，該公司應從專家市場級別轉移到Pink Limited，這將使股東能夠再次在選定的券商購買公司股票，創造一個更具流動性的市場。一旦所有年度和季度報告都經過審計和提交，該公司應被退還給Pink Current，這將取消任何剩餘的經紀限制。
Furthermore, in a decision based on their current risk profile, Prager Metis has resigned as the Company's auditor, with no disputes or disagreements.
此外，在根據他們目前的風險狀況做出的決定中，Prager Metis已經辭去了公司審計師的職務，沒有爭議或分歧。
"High costs and lengthy delays in the audit process are a challenge for any small company, but particularly for one that is entering a major growth phase," explained Pebble CEO Richard Thorpe. "Our business is expanding rapidly, so this decision to simplify our reporting will provide us with tremendous cost savings at a time when additional capital can have a meaningful impact on our future growth. The changes in our reporting structure should be viewed as transitional, a means to more quickly resume trading, increase our transparency, and rebuild our status as a viable public entity. We've successfully launched what we think will be one of the fastest growing new entities in the sustainability space, so we look forward to sharing our progress with investors in future updates."
Pebble首席執行官理查德·索普解釋說：“審計過程中的高成本和長期拖延對任何小公司來說都是一個挑戰，特別是對一個正在進入主要增長階段的公司來說。”我們的業務正在迅速擴張，因此，在額外資本可能對我們未來的增長產生重大影響的時候，簡化我們的報告的決定將為我們提供巨大的成本節約。我們報告結構的變化應該被視為過渡性的，一種更快恢復交易、提高我們透明度的手段，並重建我們作為一個有生存能力的公共實體的地位。我們已經成功地推出了我們認為將是可持續發展領域增長最快的新實體之一，因此我們期待著在未來的更新中與投資者分享我們的進展。
Details on the public availability of current information can be found at
有關公開提供最新資訊的詳細資訊，請訪問
About mPhase Technologies (Pebble)
關於M相技術%s(鵝卵石)
mPhase is a climate technology company rebranding as "Pebble" to offer a suite of cloud-based mobility and consumer engagement services that incentivize consumers for purchases and lifestyle choices that promote sustainability goals. The Pebble platform combines patented Wi-Fi anonymous-onboarding technology, proprietary AI, location-awareness, tokenization, game-mechanics, EV-charger geofencing, and an expanding network of applications to make personal sustainability easier and more rewarding. The Pebble experience is unique in that it is tailored to each individual's tastes and needs, creating highly customizable sales opportunities for retailers, along with a scalable platform to benefit from the evolution to EV-centric travel and commerce.
M階段是一家氣候技術公司，更名為“Pebble”，提供一整套基於雲的移動性和消費者參與服務，以激勵消費者購買和選擇促進可持續發展目標的生活方式。Pebble平臺結合了專利Wi-Fi匿名自注冊技術、專有AI、位置感知、標記化、遊戲機制、電動汽車充電器地理圍欄以及不斷擴大的應用網路，使個人可持續發展更輕鬆、更有價值。Pebble體驗的獨特之處在於，它是根據每個人的品味和需求量身定做的，為零售商創造了高度可定製的銷售機會，以及一個可擴展的平臺，從以電動汽車為中心的旅行和商務的演變中受益。
Additional information can be found at .
有關更多資訊，請訪問。
Investor Contact:
ir@pebble.tech
投資者聯繫方式：
郵箱：ir@pebble.tech
譯文內容由第三人軟體翻譯。
