- DatChat holds a significant 34% shareholding in RPM Interactive, owning 12.5 million shares.
- RPM Interactive has filed an S-1 registration statement for a proposed IPO with the SEC.
- The company aims to list on the Nasdaq Capital Market under the ticker symbol "RPMI".
DatChat, Inc. (DATS, Financial), a secure messaging and social media company, has announced that RPM Interactive, its former subsidiary specializing in AI-generated publishing and software, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC). This filing pertains to a proposed initial public offering (IPO) of RPM Interactive's common stock.
While the specifics regarding the number of shares and the price range for the offering have yet to be determined, RPM Interactive plans to list its common stock on the Nasdaq Capital Market under the ticker symbol "RPMI". The Benchmark Company, LLC will act as the sole book-running manager for the offering.
The proposed IPO represents a strategic opportunity for DatChat, given its 34% stake in RPM Interactive, equivalent to 12.5 million shares. The public offering could potentially unlock significant value for DatChat shareholders by converting its private company holdings into a more transparent and liquid public market asset.
RPM Interactive operates within the burgeoning field of AI-generated publishing and software, a sector that continues to garner substantial investor interest. This filing is a strategic step towards accessing public capital markets and aligns with the company's vision to advance its AI-driven technology offerings.
The market awaits further details from RPM Interactive’s preliminary prospectus, which will provide deeper insights into the company's business model, financial performance, and growth strategy.
