SmartCard Marketing Systems (SMKG:OTCQB) Announces Effectiveness of Form S-1 Resale Registration Statemen
Form S-1 Resale Registration Statement Permits Resale of Common Stock from Prior Financing Transaction
SmarCard will not receive any proceeds and no new securities are being offered
Wilmington, DE, Jan. 31, 2023 (GLOBE NEWSWIRE) -- viaNewMediaWire--SmartCard Marketing Systems, Inc. SMKG ("SmartCard" and the "Company"), an industry leader in specialized industry e-Commerce, Cloud and Mobility applications delivering White-Label solutions to the global PayTech and FinTech markets, announced today that its Form S-1 resale registration statement relating to the potential resale of shares of common stock has been declared effective by the U.S. Securities and Exchange Commission ("SEC") on January 31, 2023.
"We are pleased that the SEC has declared our Form S-1 effective, which represents a significant milestone in our capital plan, as we continue to grow our Fintech and Paytech IP and operations globally," said Massimo Barone, CEO and Chairman of SmartCard. Mr. Barone continued, "This will enable certain holders of our outstanding common stock to offer and sell their shares from time to time. As a result, a more liquid trading market in our shares could potentially develop over the coming months."
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