DatChat Inc. reports developments in privacy-focused social media, secure messaging and digital content preservation as it aligns its business around the Myseum platform. Myseum is described as a social group media sharing and digital legacy platform for storing and sharing messages, photos, videos and documents within private family or group libraries.
Recurring company updates include platform launches for Apple iOS and Android, strategic relationships tied to photo organization, intellectual property activity for “Systems and Methods of Transforming Electronic Content,” and corporate identity changes involving the Myseum name and Nasdaq trading symbols. The company also operates DatChat Messenger & Private Social Network, which provides message-duration controls, deletion of messages or threads, screenshot prevention and encrypted photo-hiding features.
DatChat, Inc. has successfully completed its initial public offering (IPO), closing on 2,891,567 units of common stock and series A warrants, with total gross proceeds of approximately $12 million at a public offering price of $4.15 per unit. The trading of DatChat's common stock and warrants began on August 13, 2021, under the symbols DATS and DATSW on the Nasdaq Capital Market. EF Hutton served as the lead book-running manager for the offering. The prospectus for this offering is available on the SEC's website.