Welcome to our dedicated page for SVAP news (Ticker: SVAP), a resource for investors and traders seeking the latest updates and insights on SVAP stock.
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Standard Vape Corporation (OTC PINK:SVAP) has published its unaudited financial statements for the quarter and half-year ended June 30, 2021, due to a recent change of control. The company is currently waiting for new filer codes from OTC Markets to publish its financials in the customary format. The financial statements for April 1, 2021, to June 30, 2021, and for January 1, 2021, to June 30, 2021, are available on its website. The corporation plans to upload these financials to OTC Markets once the necessary codes are provided.
Standard Vape Corporation (SVAP) has completed a reverse takeover with Fast Finance Holding AG, marking a significant shift in control and business focus towards financial technology. The effective date of this change was May 10, 2021. SVAP acquired two subsidiaries, FF24 Merchant Services GmbH and FF24 Ventures GmbH, and issued 100,000 shares of Class D Convertible Voting Preferred Stock to FF24. Management changes ensued, with new executives from FF24 leading the company. The transaction involved returning Nano Vape Corporation to its shareholders and resulted in a new outstanding common share count of 138,256,970.
Standard Vape (SVAP) has announced the initiation of animal studies for its NanoNOx™ nitric oxide dry powder inhaler as a potential treatment for COVID-19. The studies, conducted in collaboration with Bioneeds India Private Limited, aim to assess the toxicity of NanoNOx™ in rats and rabbits. Positive results may lead to a preIND filing with the FDA for clinical trials. The technology claims to offer a portable and efficient outpatient treatment option, eliminating the need for gas tanks. Preliminary agreements for clinical studies have been reached with researchers at UC Davis and Montefiore Medical Center.