Tevogen Informs Public Shareholders About DRS Accounts And Differences to Brokerage Accounts

Rhea-AI Summary

Tevogen has issued important guidance to its public shareholders regarding the differences between Direct Registration System (DRS) accounts and traditional brokerage accounts. The company, traded on Nasdaq under TVGN, highlights key distinctions between these account types to help investors make informed decisions.

Key differences include:

• DRS accounts register shares directly in the shareholder's name, offering direct control
• DRS may provide reduced transaction and maintenance costs
• Brokerage accounts offer enhanced trading tools
• Brokerage accounts typically enable faster share selling
• Transfer fees may apply when moving shares between account types

Shareholders interested in learning more about these options can contact Continental Stock Transfer & Trust, Tevogen's transfer agent, for detailed information.

Positive

• DRS accounts provide shareholders direct control over their shares without intermediary brokers
• DRS accounts may offer reduced transaction and maintenance costs

Negative

• DRS accounts may have slower selling process compared to brokerage accounts
• Transfer of shares between account types may incur additional costs

WARREN, N.J., April 29, 2025 (GLOBE NEWSWIRE) -- Tevogen (“Tevogen Bio Holdings Inc.” or “Company”) (Nasdaq: TVGN), today informed shareholders about several differences between holding shares in Direct Registration System (“DRS”) accounts and holding them in brokerage accounts.

A DRS account is an alternative to using a brokerage account and Tevogen encourages shareholders to explore the differences. DRS accounts ensure your shares are registered directly in your name and not held through intermediary brokers, allowing shareholder to exercise direct control over their shares. DRS accounts may also have reduced transaction and account maintenance costs for shareholders. Brokerage accounts may provide greater access to tools, and selling shares in this type of account may be quicker when compared to a DRS account. Investors may also incur certain costs in connection with transferring shares in and out of a brokerage account.

For more information about these and other differences, please contact the Company’s transfer agent, Continental Stock Transfer & Trust.

Contacts

Tevogen Bio Communications
T: 1 877 TEVOGEN, Ext 701
Communications@Tevogen.com

FAQ

What are the main differences between DRS and brokerage accounts for Tevogen (TVGNW) shareholders?

DRS accounts allow shareholders to register shares directly in their name without broker intermediaries, offering more direct control and potentially lower maintenance costs. Brokerage accounts provide faster selling options and better access to trading tools, but may have transfer fees.

How can Tevogen shareholders transfer their stock to a DRS account in 2025?

Tevogen shareholders can contact Continental Stock Transfer & Trust, the company's transfer agent, to initiate the transfer of their shares from a brokerage account to a DRS account.

What are the cost benefits of holding Tevogen stock in a DRS account vs brokerage?

DRS accounts typically offer reduced transaction and account maintenance costs for shareholders. However, investors should note that transferring shares between brokerage and DRS accounts may incur certain fees.

What control advantages do Tevogen investors gain with DRS registration?

DRS registration gives Tevogen investors direct control over their shares by registering them in their own name rather than through intermediary brokers, ensuring direct ownership rights.

What are the trading limitations of DRS accounts for Tevogen stock?

While DRS accounts offer direct share ownership, they may have slower selling processes compared to brokerage accounts, which typically provide quicker trading execution and more trading tools.