- Tevogen (TVGN) clarifies differences between Direct Registration System (DRS) accounts and traditional brokerage accounts for its shareholders.
- DRS accounts offer direct share registration and potentially lower transaction costs.
- Brokerage accounts provide faster share selling options and advanced trading tools.
Tevogen Bio Holdings Inc. (Nasdaq: TVGN) has issued important information to its public shareholders explaining the distinctions between Direct Registration System (DRS) accounts and traditional brokerage accounts. This guidance aims to help investors make informed decisions regarding their shareholding choices.
In a DRS account, shares are registered directly in the shareholder's name, providing them with direct control and ownership rights without intermediary brokers. This registration method may also reduce transaction and account maintenance costs compared to traditional brokerage accounts.
Conversely, brokerage accounts offer enhanced trading capabilities, faster selling processes, and a range of trading tools, although transferring shares between account types could incur additional fees.
Tevogen encourages shareholders interested in understanding these options further to contact Continental Stock Transfer & Trust, the company's transfer agent, for detailed information on both account types and transfer procedures.
For more information, shareholders can reach out to Tevogen Bio Communications at 1 877 TEVOGEN, Ext 701, or via email at [email protected].
