Wikisoft Corp. (OTCQB:WSFT) - Withdrawal of Registration Statement (RW)

Rhea-AI Summary

Wikisoft Corp. (OTCQB:WSFT) has filed a POSAM to deregister remaining shares from its Registration Statement, first filed on July 30, 2021. This move aligns with upcoming changes in the company's name, ticker, and operations following its acquisition by Emergency Response Technologies. The decision aims to serve the public interest and protect investors. Regular updates on operational progress will be shared via social media and press releases. For more information, visit wikisoft.com.

Positive

• Deregistration of remaining shares aims to protect investors and serve public interest.
• Acquisition by Emergency Response Technologies may enhance operational capacity.

Negative

• Changes in name and ticker may create confusion among investors.
• Deregistration may limit access to financial data for shareholders.

SAN FRANCISCO, CA / ACCESSWIRE / June 16, 2022 / Wikisoft Corp. (OTCQB:WSFT), today filed a POSAM seeking to deregister the remaining shares on its Registration Statement which it initially filed with the Securities and Exchange Commission on July 30, 2021 and declared effective, as amended, on November 23, 2021. The Company is seeking to deregister the remaining shares under the Registration Statement due to the upcoming name, ticker and change in operations as announced, as well as being consistent with the public interest and the protection of investors following its acquisition by Emergency Response Technologies.

The company will provide regular updates on its upcoming changes and operational progress through social media and formal press releases. Shareholders and parties interested in tracking the company's progress should do so by following its Twitter account and website, the details of which are listed below:

Website: https://wikisoft.com

Twitter: @ WikisoftC @ILUS_INTL

This Press Release does not constitute an offer of any securities for sale.

FORWARD-LOOKING STATEMENTS

This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions.

CONTACT
WikiSoft Corp.
315 Montgomery Street, San Francisco
CA 94104, USA
Phone: +1-800-706-0806
Email: investor@wikisoft.com
Investor site: www.wikisoft.com

SOURCE: WikiSoft Corp.

View source version on accesswire.com:
https://www.accesswire.com/705367/Wikisoft-Corp-OTCQBWSFT--Withdrawal-of-Registration-Statement-RW

FAQ

Why is Wikisoft Corp. deregistering shares?

Wikisoft Corp. is deregistering shares to align with changes in name, ticker, and operations post-acquisition.

What is the significance of the POSAM filed by WSFT?

The POSAM is significant as it reflects the company's strategic decision to restructure following its acquisition.

How will shareholders be informed about company updates?

Shareholders can follow Wikisoft Corp. on Twitter and visit their website for regular updates.

What changes are expected for WSFT after the acquisition?

WSFT is expected to undergo changes in name, ticker, and operational focus following its acquisition.

When was the Registration Statement for WSFT filed?

The Registration Statement for WSFT was initially filed on July 30, 2021.