Galexxy Holdings Inc., Announces its Intention to Pursue Dual Listing on the Upstream Platform
Galexxy Holdings Inc. (OTC: GXXY) announced a dual listing on Upstream, a digital exchange aimed at connecting emerging companies with global investors. The decision follows a board meeting and is intended to enhance the company's market presence and minimize the impact of short selling. CEO Iain Saul highlighted the potential of Upstream's blockchain technology to improve trading transparency and investor protections. Galexxy, which focuses on plant-based health supplements, has also recently completed acquisitions to solidify its market position.
- Authorization for dual listing on Upstream to access global investors.
- Upstream's blockchain technology offers improved trading transparency and investor protections.
- Potential risks associated with market manipulation and short selling.
Newport Beach, CALIFORNIA, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Galexxy Holdings Inc., (“Galexxy” or “Company”) (OTC: GXXY) announced today that following a recent board meeting, the directors of the Company authorized management to pursue a dual listing on Upstream. Upstream is an exciting new digital exchange that offers up and coming companies access to global investors. Upstream is a MERJ Exchange Market and an affiliate of the World Federation of Exchanges.
Galexxy’s CEO, Iain Saul stated that; “While awaiting our audit completion and after exhibiting at the White Label World Expo Frankfurt, we’re excited to expand our reach to the global investing community and hopefully minimize the negative effects of short selling and other market manipulations of our stock.”
Upstream offers global investors direct access to US equities through a real-time, secure, and intuitive trading app. Under the hood, Upstream introduces what many believe to be the future of trading featuring some of the highest levels of transparency, accessibility, and investor protections enforced using blockchain technology. These innovations include taking traditional equity and converting it to tokenized equity, offering shares on a public orderbook, and preventing predatory market practices like short selling.
About Upstream: Powered by Horizon's Ethereum-L2 matching engine technology, the platform enables users to trade NFTs, and invest in securities for IPOs, crowdfunded companies, U.S. & international equities, and celebrity ventures using the Upstream app. For more information, please visit https://upstream.exchange
Galexxy is headquartered in Newport Beach and Wellbeing Farms’ manufacturing facility is in Murrieta, CA. Galexxy’s shares are publicly traded on the OTC Markets (OTC: GXXY). Galexxy entered the rapidly developing markets for premium natural plant-based consumer health supplement products in April 2021 and completed its acquisition of Wellbeing Farms LLC., on August 4, 2022 and purchased
Galexxy Holdings Inc.
Iain Saul
E: iain@galexxy.com
M: (801) 243 9570
Forward-Looking Information
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “statements”). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release.
https://twitter.com/GXXYHoldings
FAQ
What is the recent announcement from Galexxy Holdings Inc. regarding Upstream?
How does Upstream benefit Galexxy Holdings Inc.?
What are the concerns regarding Galexxy Holdings Inc.'s stock?
What is Galexxy Holdings Inc.'s focus in the market?
When did Galexxy Holdings Inc. complete its acquisitions?
