Loop Insights receives TSXV approval for new name and symbol in connection with the final parts of the rebrand, a key condition for uplisting.
Fobi AI Inc. (formerly Loop Insights Inc.) (MTRX:TSXV) (RACMF:OTCQB) (the “Company” or “Fobi”), a cutting-edge data intelligence company that helps our clients turn real-time data into actionable insights and personalized customer engagement is excited to announce that the TSX Venture Exchange (the “TSXV”) has approved the Company’s name change from Loop Insights Inc. to Fobi AI Inc., and trading symbol change from “MTRX” to “FOBI” on the TSXV. Trading in the common shares of the Company under the new symbol will commence at market opening on June 4, 2021 the TSXV.
This is one of the final pieces of the rebrand from Loop Insights to Fobi, which was announced on Tuesday, June 1st.
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Fobi’s new CUSIP number is 34416F103 and the transfer agent of the Company continues to be Computershare Investor Services Inc. There is no change In the capitalization of the Company in connection with the change of name and trading symbol. No action will be required by existing shareholders with respect to the name change and trading symbol change. Shareholders holding share certificates of the Company can request a replacement certificate, however new certificates are not required and will not be automatically issued.
Fobi CEO Rob Anson said, “The rebranding process has been challenging, but with this key piece in place, we can now move forward as a truly enterprise data intelligence leader with the Fobi brand and ticker symbol to match. This also marks another key step in our goal of uplisting to the TSX later this year from the TSXV. As we turn the corner from successful POC’s to revenue generating contracts, we are perfectly positioned to capitalize on the digital and mobile transformation that is sweeping the globe.”
