DUBAI, UAE, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Blackwell 3D Construction Corp. (OTC: BDCC) ("Blackwell 3D” or the "Company”), an innovative 3D house printing technology company, is pleased to announce that it has officially filed its Form 10 Registration Statement to register its common stock with the Securities & Exchange Commission ("SEC”).
The filing of the Form 10 Registration Statement represents a pivotal step in BDCC's journey to becoming a fully reporting company under SEC regulations. This process involves a review and comment period, during which the SEC provides feedback on the filing to ensure compliance with regulatory standards. Once the Form 10 becomes effective-expected 60 days after filing-the Company will transition from being an alternative reporter with OTC Markets to filing exclusively with the SEC, signaling its commitment to adhering to the highest regulatory standards.
"This filing reflects our dedication to adhering to the highest standards of corporate governance,” said Mohammedsaif Zaveri, CEO of Blackwell 3D. "Our shareholders will benefit from greater access to detailed financial and operational information, enabling them to make informed decisions as we continue to grow.”
The move to file the Form 10 brings numerous benefits to the Company and its shareholders:
- Enhanced Transparency: Regular, comprehensive disclosures will offer stakeholders better insights into BDCC's financial and operational performance.
- Increased Investor Confidence: Achieving fully reporting status demonstrates BDCC's commitment to regulatory compliance and accountability, strengthening trust among current and potential investors.
- Facilitation of Future Growth: A fully reporting status enhances BDCC's attractiveness to institutional investors and may improve access to capital markets.
- Market Visibility: Detailed financial reporting will help investors better evaluate the Company's growth potential, possibly leading to improved market valuation.
- Simplified Reporting Structure: Transitioning to exclusive SEC reporting eliminates the dual-reporting requirements of OTC Markets, streamlining compliance and ensuring focus on one regulatory framework.
- Preparation for Future Opportunities: The enhanced structure also better positions BDCC for potential uplisting to the OTCQB, if desired and subject to listing requirements, in the future.
For further information about Blackwell 3D, please visit www.blackwell3d.com for the most up-to-date news.
About Blackwell 3D Corporation
Blackwell 3D Construction Corp. is focused on developing state-of-the-art 3D technologies for use in the construction industry. Our goal is to be able to use our technology to design 3D printed residential structures and that meet our clients' specific requirements and preferences. In addition, it is our objective to use a large-scale printer and a specialized concrete mixture to print the structural components of these residential structures. Our printing process is expected to be highly automated, allowing us to create intricate designs and details with precision.
Important Notice Regarding Forward-Looking Statements
This Press Release contains certain "forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended. Statements that are not historical facts, including statements about the Company's review of potential financing and strategic alternatives, the Company's research and development efforts, the Company's prospects for 2024, and the Company's ability to fine tune its operations, are forward-looking statements. The words "expect,” "believe,” "estimate,” "intend,” "plan” and similar expressions indicate forward-looking statements, although not all forward-looking statements contain these or similar identifying words.
These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated. Such risks and uncertainties include, but are not limited to: Blackwell 3D's ability to continue as a going concern; Blackwell 3D's ability raise additional capital to fund its business on acceptable terms or at all; Blackwell 3D's ability to negotiate and consummate a financing or other strategic transaction; changes in the competitive industries in which the Company operates and variations in operating performance across competitors; changes in laws and regulations affecting Blackwell 3D's business; the risk of downturns in the market and Blackwell 3D's industry; risks related to the uncertainty of the projected financial information with respect to Blackwell 3D; risks related to Blackwell 3D's limited operating history and history of losses; the timing of expected business milestones; Blackwell 3D's ability to implement its business plan and scale its business; Blackwell 3D's ability to formulate, implement and modify as necessary effective sales, marketing, and strategic initiatives to drive revenue growth; Blackwell 3D's ability to expand internationally; the viability of Blackwell 3D's intellectual property and intellectual property created in the future; government regulations and Blackwell 3D's ability to obtain applicable regulatory approvals and comply with government regulations; and the outcome of any legal proceedings that may be instituted against the Company. A further list and description of risks and uncertainties can be found in the most recent filings with the Securities & Exchange Commission (www.sec.gov) along with additional disclosure made available with the OTC Markets Group Inc. (www.otcmarkets.com). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
Contact:
Investor Relations
+1 (702) 718-0807
