Metavesco, Inc. (OTC: MVCO) announced that its Regulation A offering is approximately 99% subscribed, an uncommon outcome for an OTC-listed issuer. The offering was priced at $0.0008 per share, matching the company's closing market price at qualification in July rather than being discounted. The company's common stock is now trading at roughly double the original offering price.
Subscription interest came from both existing and new shareholders, including several larger retail investors. This reflects continued engagement with Metavesco's strategy, communications, and development of its OTCfi ecosystem. The company is actively building this ecosystem, which represents a suite of software tools and digital platforms intended to support issuer engagement, market intelligence, and blockchain-based applications for the OTC markets. For more information about the company, visit metavesco.com.
The near-full subscription of Metavesco's offering at market price, rather than a discount, and the subsequent trading at double that price, suggests a level of investor confidence that is notable for an OTC-listed company. This development points to potential validation of the company's strategic direction and its focus on developing infrastructure for the OTC markets through its OTCfi initiative. The involvement of larger retail investors alongside existing shareholders indicates broadening interest in the company's proposition beyond its core investor base.
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