Grow Capital, Inc. (GRWC) Provides Progress Update
Rhea-AI Summary
Grow Capital (OTCPINK: GRWC) has provided an update on its strategic initiatives and Form 211 progress. The company's Form 211 is currently under initial review by a broker-dealer under SEC Rule15c2-11 and FINRA OTC Compliance Unit. GRWC is completing updates to reflect recent corporate activity and expects to respond promptly to open items.
The company has expanded its team by engaging new executives, including technical and professional consultants, to execute its 2025 business plans. GRWC is also proceeding with previously announced acquisitions to enhance its product offerings. The company operates through its subsidiaries Bombshell Technologies, PERA , and PERA Administrators
Positive
- Form 211 application in progress to return to full trading status
- Strategic expansion of executive team with new technical and professional consultants
- Moving forward with acquisitions to expand product offerings
Negative
- Currently unable to have brokers publish competing quotes or provide continuous market making
- Form 211 approval still pending and subject to regulatory requirements
News Market Reaction 1 Alert
On the day this news was published, GRWC gained 203.85%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Team expands with addition of professional consultants to drive 2025 business objectives and Form 211 progress continues
The Company's Form 211 is under initial review by a broker-dealer under SEC Rule15c2-11 and subject to ongoing processing by the FINRA OTC Compliance Unit. The Company is presently completing updates to the Form and its various schedules and supporting documents to reflect recent corporate activity and expects to respond promptly to open items. The Company remains optimistic that the process will continue swiftly and smoothly once these updated responses and documents are submitted, enabling brokers to publish competing quotes and provide continuous market making when the final Form 211 is processed and meets the requirements under FINRA Rule 6432 for the broker-dealer to initiate a quotation.
While the Form 211 process advances, Grow Capital's subsidiaries have begun executing their ambitious 2025 business plans. These plans are already yielding positive momentum across the Grow Capital family of companies. In line with these initiatives, Grow has strategically expanded its team, engaging several new executives, including both technical and professional consultants to lead the Company forward. In addition, the Company is moving to close previously announced acquisitions to bolster its product offerings.
"We are encouraged by the progress we've made on the regulatory front and excited about the operational strides our subsidiaries are achieving," said Terry Kennedy, CEO of Grow Capital, Inc. "Once our Form 211 is processed by FINRA, and as we complete key milestones in the execution of our 2025 business plan, we expect to provide regular updates to highlight the exciting developments happening across our portfolio. Grow Capital is committed to delivering long-term value to our shareholders and executing our vision for 2025 and beyond."
Grow Capital remains focused on driving innovation and creating value through its subsidiaries, including Bombshell Technologies, PERA LLC, and PERA Administrators LLC. Each company is actively contributing to the overall success of the Grow Capital ecosystem.
Further updates will be provided as developments occur.
For more information, please contact:
Grow Capital, Inc.
Investor Relations
Email: info@growcapitalinc.com
Website: www.growcapitalinc.com
About Grow Capital, Inc.
Grow Capital, Inc. (OTC: GRWC) is a publicly traded company focused on acquiring, funding, and supporting technology and financial service businesses. Through its subsidiaries, Grow Capital is dedicated to fostering innovation and creating value for its shareholders. To learn more about Grow Capital Inc., visit http://www.growcapitalinc.com.
Media Contact:
Terry Kennedy, CEO
Grow Capital Inc.
2485 Village View Drive, Ste. 190
Phone: 702-272-2019
Stay updated with our progress: https://www.growcapitalinc.com/
Forward Looking Statements Disclaimer: This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Grow Capital, Inc.'s ability to control, including successful processing of a Form 211, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such forward-looking statements include the words "returning," "looking forward," "seek", "grow", "plan" and other expressions of a forward-looking nature. More information about the potential factors that could affect the business and financial results is and will be included in Grow Capital, Inc.'s filings with the OTC Markets, and/or posted on the Company's website
View original content to download multimedia:https://www.prnewswire.com/news-releases/grow-capital-inc-grwc-provides-progress-update-302379249.html
SOURCE Grow Capital Inc.
FAQ
What is the current status of GRWC's Form 211 application in February 2025?
What strategic changes has GRWC implemented for its 2025 business plan?
Which subsidiaries are currently part of GRWC's portfolio?
What will happen to GRWC's trading status once Form 211 is approved?
