As of September 27, 2016, our registration statement on Form S-1 was declared effective by the U.S. Securities and Exchange Commission (“SEC”). On the same date, we also filed a Form 8-A with the SEC to register our class of Common Stock, $.001 par value per share.
As a result of these filings, Duo World, Inc. became a publicly-held company, subject to the informational requirements of the Securities Exchange Act of 1934, as amended. Accordingly, we will file annual, quarterly and special reports, proxy statements and other information with the SEC. You may read and copy any document we file with the SEC at the SEC’s Public Reference Room at 100 F Street, N.E., Washington, D.C. You should call the SEC at 1-800-SEC-0330 for further information on the public reference rooms. Our filings will also be available to the public at the SEC’s web site at http://www.sec.gov/edgar/searchedgar/companysearch.html. Once you reach this page, simply type in Duo World and all of our filings will populate.
FINRA ASSIGNS TRADING SYMBOL
On February 1, 2017, the U.S. Financial Industry Regulatory Authority (“FINRA”) assigned “DUUO” as the trading symbol for Duo World, Inc.’s Common Stock on the OTC Link LLC.
OTC Link LLC (“OTC Link”) is owned by OTC Markets Group Inc., formerly known as Pink OTC Markets Inc. OTC Link is an electronic inter-dealer quotation system that displays quotes from broker-dealers for many over-the-counter (“OTC”) securities.
Market makers and other broker-dealers who buy and sell OTC securities can use OTC Link to publish bid and ask quotation prices.
OTC Link is registered with the U.S. Securities and Exchange Commission as a broker-dealer and as an alternative trading system, and is a member of FINRA.
OUR COMMON STOCK IS NOW DTC ELIGIBLE
On April 13 th 2017, we were notified that The Depository Trust Company (“DTC”) had granted our common stock “Eligible Security” status. An Eligible Security is one that is freely tradable pursuant to U.S. securities laws and is otherwise qualified to be held at DTC and serviced.
Shares of our common stock deposited with stock brokerage firms can be deposited with DTC, through its nominee Cede & Co., which will allow “book-entry” transfer of our common stock, which speeds up the clearing and settlement timeframe when our common stock is purchased and sold.
What is DTC?
The Depository Trust & Clearing Corporation (“DTCC”), through its subsidiaries, provides industry leading solutions to safeguard the world’s financial markets.
The Depository Trust Company (“DTC”) is DTCC’s central securities depository subsidiary and provides depository and book-entry services and operates a securities settlement system. In this regard, DTC holds eligible securities on behalf of stock brokerage firms, who, in turn, hold securities on behalf of their customers.
Effective February 21, 2017, Duo World, Inc. is listed in Mergent Manuals and News Reports following the Mergent’s Editorial Board approval.
Duo World, Inc.’s corporate profile, which includes descriptive text data, as well as news and financial statements, will be accessible via Mergent’s online and print products.
As part of Mergent’s listing services, the new description will be highlighted separately on www.mergent.com with an active hyperlink back to Duo World, Inc.’s website.
The Mergent Industrial Manual and News Reports™ is a recognized securities manual in 39 states in the U.S. for purposes of Blue Sky Manual Exemption. First published in 1918, and formerly known as Moody’s™ Manuals and News Reports, the publication was rebranded as Mergent Manuals and News Reports™ when Mergent, Inc. acquired Moody’s™ Financial Information Services division in 1998.
Duo World, Inc.’s listing in Mergent will aid the brokerage community in making a market for Duo World, Inc.’s Common Stock. However, it is recommended that brokers confirm with their compliance/legal department concerning “Blue Sky” laws in specific states and other regulatory laws that might affect them.
About Mergent, Inc.
For over 100 years, Mergent, Inc. has been a leading provider of business and financial information on public and private companies globally. Mergent is known to be a trusted partner to corporate and financial institutions, as well as to academic and public libraries. Building on a century of experience, Mergent transforms data into knowledge and combines expertise with the latest technology to create new global data and analytical solutions for clients. With advanced data collection services, cloud-based applications, desktop analytics and print products, Mergent and its subsidiaries provide solutions ranging from top down economic and demographic information to detailed equity and debt fundamental analysis. Mergent incorporates value added tools such as quantitative Smart Beta equity research and tools for portfolio building and measurement. Mergent, based in the U.S., was acquired by the London Stock Exchange Group in January 2017 and maintains a strong global presence with offices in New York, Charlotte, San Diego, London, Tokyo, Kuching and Melbourne.