Redwood AI Corp. (CSE: AIRX) (OTCQB: RDWCF) (Frankfurt: Y0N) (WKN: A422EZ) announced that its common shares have been approved for electronic clearing and settlement through the Depository Trust Company (DTC). This development is expected to simplify trading for U.S. investors and enhance liquidity of the company's shares. CEO Louis Dron stated that DTC eligibility improves access for U.S. investors and brokerage firms by enabling more efficient electronic clearing and settlement.
In a separate announcement, Redwood AI disclosed that it has engaged InvestorBrandNetwork (IBN) to provide market awareness, corporate communications, and digital media services. The engagement includes editorial coverage, newsletter distribution, social media support, and podcast syndication through Sept. 30, 2026, or until the allocated budget is exhausted. Redwood will pay IBN an aggregate cash fee of $114,000 for the services, with no securities issued as compensation.
The DTC eligibility marks a significant milestone for Redwood AI, as it allows the company's shares to be traded more seamlessly in the U.S. market. This can potentially attract a broader base of investors and increase trading volume. The engagement with IBN is aimed at raising awareness about Redwood AI's business and advancements in artificial intelligence for chemistry R&D.
Redwood AI uses advanced artificial intelligence to accelerate chemistry R&D, with the aim of assisting in drug discovery and development, and furthering defense and safety solutions. The company combines expertise in chemistry, AI, and manufacturing to streamline drug synthesis and scale-up. Redwood AI's platform is designed to enable faster, more efficient development of new therapies and chemistry-driven applications.
InvestorBrandNetwork is part of the Dynamic Brand Portfolio @IBN, which delivers access to a vast network of wire solutions, article and editorial syndication to 5,000+ outlets, enhanced press release distribution, social media distribution, and tailored corporate communications solutions. AINewsWire (AINW) is a specialized communications platform focused on the latest advancements in AI, including technologies, trends, and trailblazers driving innovation forward.
For more information about Redwood AI, visit https://redwoodai.com/. The full press release regarding DTC eligibility and the IBN engagement is available at https://ibn.fm/Yga70.
