Diversified data related company ZEUSS Inc (OTCMKTS:ZUUS) was in the news cycle on Thursday after the company announced that it submitted a filing with regards to an offering statement on Form 1-A.
Market Action
On Thursday, ZUUS ended flat at $60 with more than 45 shares, compared to its average volume of 5 shares. The stock has moved within a range of $60.00 – 60.00 after opening the trade at $60.
Latest News
The submission is related to the Registration A for the company with the United States Securities and Exchange Commission with regards to a capital raise of as much as $75,000,000. It was a significant announcement from the company but it did not lead to any major move in the ZEUSS stock price and it remained within a range yesterday. However, it remains to be seen if the stock manages to break out in the coming days or not.
The President and Chief Executive Officer of the company Bassam Al Mutawa spoke about the matter as well. He stated that the sort of success that the company has had in so far is expected to be the ‘catalyst’ for future growth. He went on to state that if the Regulation A Offering Statement does manage to qualify then it could help ZEUSS in planning its next stage of expansion and growth. At this point in time, investors could do well to keep an eye on the developments in this regard.
Key Quote
Mr. Bassam Al Mutawa, Chief Executive Officer and President of ZEUUS, commented:
“We believe that our success to date is just the catalyst for further growth. We believe that the Regulation A Offering Statement filed with the SEC, if qualified, can assist the company on its next planned leg of expansion and growth. One behalf of my board of directors, we welcome your support”.
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