Nepra Foods Announces DTCC Eligibility of Its Common Shares

Rhea-AI Summary

Nepra Foods Inc. (CSE:NPRA)(OTCQB:NPRFF) has achieved DTCC eligibility, allowing its shares to be traded freely under U.S. securities laws. This milestone facilitates electronic clearing and settlement, enhancing accessibility for investors and brokerage firms. The DTCC processed securities transactions valued over $2.3 quadrillion in 2020, underscoring its importance in the financial ecosystem. CEO David Wood emphasized that DTCC eligibility will make Nepra's plant-based products more attractive to potential investors, furthering their mission to offer nutritious, allergen-free food options.

Positive

• Achieved DTCC eligibility, making shares freely tradable in the U.S.
• Enhanced accessibility for brokerage firms and investors.
• Potential to attract more investors to plant-based food offerings.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / February 17, 2022 / Nepra Foods Inc. ("Nepra") (CSE:NPRA)(FSE:2P6.F)(OTCQB:NPRFF), creator of nutritious plant-based and allergen-free food, is pleased to announce it has received "DTCC eligibility" through The Depository Trust Company, a subsidiary of The Depository Trust & Clearing Corporation (DTCC), making its stock freely tradable pursuant to U.S. securities laws.

The DTCC is one of the largest securities depositories in the world, facilitating electronic settlement of stock certificate transfers in the United States. Nepra shares, trading on the OTCQB® Venture Market under the trading symbol NPRFF, are now eligible to be electronically cleared and settled through the DTCC.

The DTCC's automated system helps boost efficiencies, reduce risk and lower costs for participants, issuers and investors. It also opens the door to stock exchanges that require DTC-eligibility prior to listing. In 2020, DTCC's subsidiaries processed securities transactions valued at more than U.S. $2.3 quadrillion. Its depository provides custody and asset servicing for securities issues from 170 countries and territories valued at U.S. $73.5 trillion.

"Becoming DTCC-eligible is another critical step and milestone for our company," says Nepra CEO David Wood. "By making it easier for brokerage firms to offer Nepra securities as part of their book, we become more accessible and appealing to investors looking to include a growing plant-based food brand to their portfolio."

About Nepra Foods

Nepra Foods is grounded in a passion for food. We believe eating healthy shouldn't be difficult. Everybody deserves food options that are truly nutritious and taste good. Food shouldn't contain allergens that might prevent everybody in the family from enjoying it together. People shouldn't have to compromise quality and taste in what they eat even if they are trying to cut down on carbs, don't tolerate gluten or dairy very well, or don't want to eat food produced from animals. Nepra Foods is on a mission to make healthy, enjoyable food for everybody.

Media Contacts

Joel Primus
investors@neprafoods.com
Investor Relations Toll-free: (844)-566-1917

David Wood, CEO
david.wood@neprafoods.com
(720)-729-8500

The CSE has neither approved nor disapproved the contents of this news release. The CSE does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, the statements relating to the Company's financial performance, business development and results of operations. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.

SOURCE: Nepra Foods

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https://www.accesswire.com/688938/Nepra-Foods-Announces-DTCC-Eligibility-of-Its-Common-Shares

FAQ

What is DTCC eligibility for Nepra Foods?

DTCC eligibility allows Nepra Foods' shares to be freely traded under U.S. securities laws, facilitating electronic clearing and settlement.

How does DTCC eligibility affect NPRFF stock?

It enhances accessibility for brokerage firms to offer Nepra's shares, potentially increasing investor interest.

When was Nepra Foods' DTCC eligibility announced?

Nepra Foods announced its DTCC eligibility on February 17, 2022.

What is the significance of DTCC in the stock market?

The DTCC is a key securities depository that processes vast amounts of securities transactions, increasing efficiency and reducing risks.