Item 8.01 Other Events.
Arax Holdings Corp. ("Arax" or "the Company") is pleased to announce that it has applied for uplisting to the OTC Markets OTCQB Venture Market. This strategic move is aimed at increasing our visibility, liquidity, and credibility within the investment community, particularly as Arax continues to expand its offerings and presence in the blockchain industry.
Benefits of OTCQB Uplisting:
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Increased Exposure: The OTCQB platform provides a higher level of visibility for companies compared to the OTC Pink. This uplisting will enhance our profile among institutional investors, retail investors, and financial analysts who often view OTCQB listings as more promising investments due to the stricter standards.
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Enhanced Trading Environment:
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Liquidity: Trading on the OTCQB typically results in higher liquidity as it attracts more investors.
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Price Stability: With increased investor interest and trading volume, share price volatility can be reduced, providing a more stable trading environment for our shareholders.
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Growth and Expansion:
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New Use Cases and Products: Arax is actively exploring new applications of blockchain technology, which could lead to new product lines and services. Uplisting will provide the necessary capital market access to fund these initiatives.
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Strategic Partnerships: Being on OTCQB can facilitate more substantial partnerships, joint ventures, and potential acquisitions in the blockchain sector. This tier of the OTC market often serves as a stepping stone towards more prestigious listings, attracting partners who value regulatory compliance and market standards.
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Future Outlook:
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Blockchain Technology: Uplisting to OTCQB is a key part of Arax's long-term growth strategy. The goal is to harness blockchain technology for greater market penetration and innovation. This aligns with expected growth in Web3 activities in 2025, as a political shift in the US could lead to widespread adoption of digital assets, tokenization, and decentralized applications
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Increased demand in Use Case onboarding: The Company anticipates that this uplisting will not only support and expand its current operations but also enhance its ability to attract talent, engage with industry leaders, and explore new market opportunities with specific reference to:
Tokenized DAO-based fund structures for DeFi and TradeFi projects
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Lunaº Mesh and DePIN solutions are being integrated into logistics and supply chain platforms to monitor and gather data on Greenhouse Gas (GHG) emissions as well as utilized in emergency response projects and for creating hotspot networks in areas with limited connectivity.
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ARAX enhances sustainability and compliance through the integration of Digital Asset Management with CorePass. By facilitating digital asset monetization and carbon credit exchanges, ARAX and CorePass promote efficient and transparent carbon offset mechanisms via their swapping platform.
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ARAX BaaP transforms payment and real-world asset ecosystems, revolutionizing financial interactions. It enhances security and liquidity, facilitating seamless transactions across decentralized finance platforms.
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Arax Holdings Corp. remains committed to transparency, operational excellence, and growth in the blockchain sector. Shareholders and potential investors are encouraged to follow our progress and are invited to send any inquiries to [email protected]
