The Company’s OTC and Frankfurt Listings Have Been Updated as the Result of Ketamine One’s Recent Spin-Out of Milguass Investments Ltd.
VANCOUVER, British Columbia, Oct. 21, 2021 (GLOBE NEWSWIRE) -- KetamineOne Capital Limited (“Ketamine One” or the “Company”) (NEO: MEDI) (OTC: KONEF) (Frankfurt: 6FC), a company focused on consolidating medical clinics and becoming a North American leader in mental health treatments, announces that, as the result of its previously announced spin-out transaction of Milgauss Investments Ltd. (“Milgauss”), certain information related to the listing of its common shares on the OTC Markets and the Frankfurt Stock Exchange has been changed.
As of October 15, 2021, Ketamine One’s common shares have a new CUSIP number of 492556105 and a new ISIN number of CA4925561058. Ketamine One’s listing on the OTC Markets remains under the “KONEF” stock ticker symbol, while its profile has now been labeled as “KetamineOne Capital Ltd New”. On the Frankfurt Stock Exchange, the Company’s listing has had its stock ticker symbol changed from “MYO” to “6FC” and its WKN number changed from “A3CRYC” to “A3C5JN”.
The Company is also working with OTC Markets and other applicable regulatory agencies to become “15c2-11 Certified” under Rule 15c2-11 of the Securities and Exchange Commission of the United States. Becoming 15c2-11 Certified could rectify the status of Ketamine One’s common shares not being eligible for proprietary broker-dealer quotations and being labeled as “Unsolicited-Only”, which can make it difficult for investors to trade in the common shares of the Company through their brokerage firms. Unsolicited-Only stocks are described by OTC Markets as having a higher risk of wider spreads, increased volatility, and price dislocations.
To recap the Milgauss transaction, the common shares of Ketamine One outstanding immediately prior to the completion of the arrangement were redesignated as Class A common shares, which were subsequently exchanged for: (i) one new common share of Ketamine One (the “New Ketamine One Share”); and (ii) one-110th of a Milgauss share (each whole share being a Milgauss share) for each Ketamine One share held before the effective date of the transaction. Ketamine One’s shares were delisted from the NEO Exchange effective as of the close of business on Thursday, Oct. 14, 2021. Then, the New Ketamine One Shares were listed for trading on the NEO Exchange effective as of market opening on Friday, Oct. 15, 2021 under the same “MEDI” trading symbol as the Ketamine One shares. As a result, Milgauss is now a privately held reporting issuer following the closing of the transaction.
ABOUT KETAMINE ONE
KetamineOne Capital Limited is a company focused on consolidating medical clinics and becoming a North American leader in mental health treatments. It is working to provide the critical infrastructure needed to develop and deliver breakthrough mental health treatments. Currently, Ketamine One has a network of clinics across North America, with plans to further consolidate the highly fragmented industry. The recent addition of KGK Science Inc. as the Company’s contract research division also places the company at the forefront of premium clinical research based on its extensive experience in pharmaceuticals, cannabis, and the emerging psychedelic medicine industries. As a collective enterprise, Ketamine One is dedicated to helping solve the growing need for safe and accessible mental health therapy.
On behalf of:
Adam Deffett, Interim CEO
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Notice Regarding Forward-Looking Information:
This news release contains forward-looking statements including but not limited to statements regarding the Company’s business, assets or investments, as well as other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business and future prospects of the Company.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.