Stock symbol change was done to reflect the company's focus on Killi, its consumer data platform
TORONTO, May 6, 2020 /PRNewswire/ - Freckle Ltd. (the "Company" or "Killi") (TSXV: FRKL) announces that effective the start of trading on May 8, 2020, the Company's stock symbol on the TSX Venture Exchange ("TSXV") will change from "FRKL" to "MyID" (TSXV: MYID). No action is required from existing shareholders in connection with the change, and no change has been made to the Company's share capital.
"With the previously announced sale of the Freckle measurement business we wanted to eliminate any confusion to the market regarding what the focus of the company is moving forward," said Founder and CEO Neil Sweeney. "While we are still waiting for final approval for the deal from the TSXV and shareholders, we felt that changing the ticker symbol now would amplify to the market that we are no longer involved in the measurement business associated with Freckle and are now entirely focused on allowing consumers to put data under their control inside of Killi. "MyID" as a ticker symbol is a reminder to all individuals that consumer control of data is a fundamental human right and a call to action to investors that Killi is the public company that is making this happen globally."
The Company's change of name to Killi Ltd remains subject to both TSXV and shareholder approval.
About Killi Ltd
Killi (killi.io) is a consumer identity product, available in five countries, that allows individuals to take back control of their digital identity from those who have been using it without their consent. With Killi™, consumers can opt-in and select specific pieces of personal information that they would like to share with companies and be compensated directly in cash for its use.
Download Killi™ here.
For more information, please visit killi.io.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking and Other Cautionary Statements
This news release may contain "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements may generally be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," "target," or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties discussed in our most recent annual and quarterly reports filed with the Canadian securities regulators and available on the Company's profile on SEDAR at www.sedar.com, which risks and uncertainties are incorporated herein by reference. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.
SOURCE Freckle I.O.T. Ltd.