MYND Life Sciences Announces DTC Eligibility

Rhea-AI Summary

MYND Life Sciences Inc. (CSE: MYND, OTC: MYNDF) announced its eligibility for Depository Trust Company (DTC) services, facilitating easier trading of its stock for US investors. This development enhances MYND's access to US capital markets and could increase liquidity. CEO Dr. Lyle Oberg emphasized the potential for innovation in treating major depressive disorder, noting that 300 million individuals worldwide are underserved by current treatments. The DTC eligibility simplifies trading and settlement processes, positioning MYND for better investor engagement.

Positive

• Eligibility for DTC services enhances trading accessibility for US investors.
• Increased potential for liquidity in MYND shares.
• Focus on innovative treatments for major depressive disorder could attract investor interest.

Negative

• None.

VANCOUVER, BC, Aug. 11, 2021 /PRNewswire/ - MYND Life Sciences Inc. (CSE: MYND) (OTC: MYNDF) ("MYND") is a drug research and development company focused on novel psychedelic drug development, diagnostic approaches and pharmaceuticals and vaccines is pleased to announce that it is now eligible for Depository Trust Company ("DTC") services in relation to the Company's listing on the OTC. Through the OTC listing, investors from the United States may more easily trade MYNDF stock, in addition to MYND's listing on the CSE "MYND" in Canada.

"We are excited to receive DTC eligibility, which not only provides the Company with access to a broader range of US-based investors but also provides additional opportunities for investors in the US to acquire MYND shares", said MYND CEO, Dr. Lyle Oberg. "There are 300 million persons world-wide suffering from major depressive disorder and other related conditions who have not been well-served by the existing class of SSRIs to treat depression.  We are convinced we have the scientific capacity, the intellectual property and the right leadership to achieve the first substantive innovation in this drug class in a generation."

DTC is a subsidiary of the Depository Trust and Clearing Corporation (DTCC), one of the world's largest securities depositories that manages the electronic clearing and settlement of publicly-traded companies. MYND is now eligible to be electronically cleared and settled, which will streamline the process of trading, enhance liquidity, and provide direct access to investors in the United States OTC capital markets.

For more information and to subscribe to the Company's mailing list, please visit https://myndsciences.com/contact/ 

ABOUT MYND LIFE SCIENCES

MYND Life Sciences is a medicinal biotech company focused on neuro-pharmaceutical drug development. The Company is advancing medicinal substances through rigorous science and clinical trials.

CONTACT INFORMATION
Dr. Lyle Oberg, CEO
Email: ir@myndsciences.com 
Web: www.myndsciences.com

Forward-Looking Statements

This news release contains forward-looking statements and information within the meaning of applicable securities legislation. Often, but not always, forward-looking statements and information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of MYND to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements or information contained in this news release.  

Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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SOURCE Mynd Life Sciences Inc.

FAQ

What does MYND Life Sciences' DTC eligibility mean for investors?

DTC eligibility means MYND Life Sciences' shares can be more easily traded and settled in the US, enhancing liquidity for investors.

What is the significance of MYND Life Sciences focusing on major depressive disorder?

Focusing on major depressive disorder addresses the needs of over 300 million individuals globally who are not effectively treated by existing drugs, potentially positioning MYND as a leader in innovative treatments.

When did MYND Life Sciences announce its DTC eligibility?

MYND Life Sciences announced its DTC eligibility on August 11, 2021.

What stock symbols represent MYND Life Sciences?

MYND Life Sciences is listed on the Canadian Securities Exchange under the symbol MYND and on the OTC market under MYNDF.