Big Brother
24時間前
The share structure has already been updated at OTC Markets.
In general though, per Rule 144, majority of the time in these cases, there is a 6 month holding period on the newly issued shares. Not always, so there must be a work around to get shares registered and unrestricted faster but its quite rare from my experience, typically the o/s goes up and the float remains unchanged, as in this case.
https://www.otcmarkets.com/stock/TRCC/security
Big Brother
1週前
Nice, I missed that, I've been busy dealing with a stupid, frivolous lawsuit all week, so I have not had much time to follow any stocks.
I'm not crazy about the large share issuance but it is what it is, at least it's restricted shares. The OTC has had a boatload of AI companies going public this year but this is one of the better ones I think that I've seen.
jfkspire
1週前
$TRCC...Traccom Inc. (TRCC) Acquires Vulcain......https://vulcain.ai/traccom-acquires-vulcain-1/f/traccom-inc-symbol-trcc-announces-a.....TRACCOM INC. (Pink Open Market Symbol: TRCC) COMPLETES ACQUISITION OF VULCAIN, INC.
Santa Barbara, CA, November 19, 2024 -- Traccom Inc. (Pink Open Market Symbol: TRCC) is pleased to announce that on November 13, 2024, it acquired all of the capital stock of Vulcain, Inc. (“Vulcain”). As a result of the acquisition, Vulcain has become a wholly owned and main operating subsidiary of Traccom effective immediately.
Upon completion of the transaction on November 13, 2024, Vulcain shareholders were issued 117,813,680 shares of common stock of Traccom in exchange for the acquisition of 100% of the capital stock of Vulcain. This represents 95% of the fully diluted shares of Traccom after the issuance thereof.
With the transaction, Vulcain added three members to the Traccom board of directors, with Greg Duffell as CEO, President and CFO, Peter Stockmann as President of the Americas, and replaced Traccom’s management.
This marks a significant milestone for Vulcain. The company will broaden its market presence in the growing opportunity for Artificial Intelligence (AI) based data solutions. “Trading as a public entity on the Pink Open Market is an important step for Vulcain as we continue to evolve and expand our reach within the Causal AI and Knowledge Management sector,” said Greg Duffell, CEO of Traccom. “This transaction will provide us with greater access to capital, enhance our visibility in the marketplace, and allow more investors to participate in our growth story.”
Becoming a publicly traded company will allow Vulcain to enhance their visibility. This reflects the company’s commitment to increasing shareholder value and advancing its corporate growth strategy in Causal AI and Knowledge Management space.
Former Traccom CEO and continuing Board member, Harry Steck stated, “For Traccom’s shareholders, this transaction provides the opportunity to be invested in one of today's most exciting industries with an impressive technology and management team."
Vulcain has commercialized casual AI solutions across various industries including leading US brands in the Consumer-Packaged Goods (CPG) sector to generate annual recurring revenues (ARR) for the company. Vulcain is planning a next phase of expansion into Insurance, Healthcare, Financial Services and other industries. Vulcain uses causal machine learning algorithms and human domain experts to provide high quality causal features necessary for an accurate AI solution. Vulcain’s Causal AI Platform includes causal reasoning models to provide predictive outcomes that identify and explain event risks and opportunities for businesses. Vulcain will continue to focus on bringing human domain knowledge into AI solutions and driving value for organizations seeking to unleash the knowledge from their vast amounts of data, content and domain expertise.
jfkspire
1週前
$TRCC Awesome News 3days ago!! MERGER with AI Company!!...https://www.linkedin.com/company/vulcainai/posts/
VulcainVulcain
47 followers47 followers
3d • 3 days ago
TRACCOM INC. (Pink Open Market Symbol: TRCC) COMPLETES ACQUISITION OF VULCAIN, INC.
Santa Barbara, CA, November 19, 2024 -- Traccom Inc. (Pink Open Market Symbol: TRCC) is pleased to announce that on November 13, 2024, it acquired all of the capital stock of Vulcain, Inc. (“Vulcain”). As a result of the acquisition, Vulcain has become a wholly owned and main operating subsidiary of Traccom effective immediately.
Upon completion of the transaction on November 13, 2024, Vulcain shareholders were issued 117,813,680 shares of common stock of Traccom in exchange for the acquisition of 100% of the capital stock of Vulcain. This represents 95% of Traccom's fully diluted shares after the issuance thereof.
With the transaction, Vulcain added three members to the Traccom board of directors, wit: Duffell as CEO, President and , and CFO andr Stockmann as President of the Americas, and. It alsoaced Traccom’s management.
This marks a significant milestone for Vulcain. The company will broaden its market presence in the growing opportunity for Artificial Intelligence (AI) based data solutions. “Trading as a public entity on the Pink Open Market is an important step for Vulcain as we continue to evolve and expand our reach within the Causal AI and Knowledge Management sector,” said Greg Duffell, CEO of Traccom. “This transaction will provide us with greater access to capital, enhance our visibility in the marketplace, and allow more investors to participate in our growth story.”
Becoming a publicly traded company will allow Vulcain to enhance theiritsbility. This reflects the company’s commitment to increasing shareholder value and advancing its corporate growth strategy in Causathe l AI and Knowledge Management space.
Former Traccom CEO and continuing Board member, Harry Steck stated, “For Traccom’s shareholders, this transaction provides the opportunity to be invested in one of today's most exciting industries with an impressive technology and management team."
Vulcain has commercialized casual AI solutions across various industries including leading US brands in the Consumer-Packaged Goods (CPG) sector to generate annual recurring revenues (ARR) for the company. Vulcain is planning the next phase of expansion into Insurance, Healthcare, Financial Services, and other industries. Vulcain uses causal machine learning algorithms and human domain experts to provide high-quality causal features necessary for an accurate AI solution. Vulcain’s Causal AI Platform includes causal reasoning models to provide predictive outcomes that identify and explain event risks and opportunities for businesses. Vulcain will continue to focus on bringing human domain knowledge into AI solutions and driving value for organizations seeking to unleash the knowledge from their vast amounts of data, content, and domain expertise.
Key Highlights:
Trading Symbol: TRCC
Market Segment: Pink Open Market
Sector: Technology, AI
For more information about Vulcain, visit www.vulcain.ai.
jfkspire
1週前
AI MERGER COMPLETED according to Linkedln!!!!!!
VulcainVulcain......https://www.linkedin.com/company/vulcainai/posts/47 followers47 followers
3d • 3 days ago
TRACCOM INC. (Pink Open Market Symbol: TRCC) COMPLETES ACQUISITION OF VULCAIN, INC.
Santa Barbara, CA, November 19, 2024 -- Traccom Inc. (Pink Open Market Symbol: TRCC) is pleased to announce that on November 13, 2024, it acquired all of the capital stock of Vulcain, Inc. (“Vulcain”). As a result of the acquisition, Vulcain has become a wholly owned and main operating subsidiary of Traccom effective immediately.
Upon completion of the transaction on November 13, 2024, Vulcain shareholders were issued 117,813,680 shares of common stock of Traccom in exchange for the acquisition of 100% of the capital stock of Vulcain. This represents 95% of Traccom's fully diluted shares after the issuance thereof.
With the transaction, Vulcain added three members to the Traccom board of directors, wit: Duffell as CEO, President and , and CFO andr Stockmann as President of the Americas, and. It alsoaced Traccom’s management.
This marks a significant milestone for Vulcain. The company will broaden its market presence in the growing opportunity for Artificial Intelligence (AI) based data solutions. “Trading as a public entity on the Pink Open Market is an important step for Vulcain as we continue to evolve and expand our reach within the Causal AI and Knowledge Management sector,” said Greg Duffell, CEO of Traccom. “This transaction will provide us with greater access to capital, enhance our visibility in the marketplace, and allow more investors to participate in our growth story.”
Becoming a publicly traded company will allow Vulcain to enhance theiritsbility. This reflects the company’s commitment to increasing shareholder value and advancing its corporate growth strategy in Causathe l AI and Knowledge Management space.
Former Traccom CEO and continuing Board member, Harry Steck stated, “For Traccom’s shareholders, this transaction provides the opportunity to be invested in one of today's most exciting industries with an impressive technology and management team."
Vulcain has commercialized casual AI solutions across various industries including leading US brands in the Consumer-Packaged Goods (CPG) sector to generate annual recurring revenues (ARR) for the company. Vulcain is planning the next phase of expansion into Insurance, Healthcare, Financial Services, and other industries. Vulcain uses causal machine learning algorithms and human domain experts to provide high-quality causal features necessary for an accurate AI solution. Vulcain’s Causal AI Platform includes causal reasoning models to provide predictive outcomes that identify and explain event risks and opportunities for businesses. Vulcain will continue to focus on bringing human domain knowledge into AI solutions and driving value for organizations seeking to unleash the knowledge from their vast amounts of data, content, and domain expertise.
Key Highlights:
Trading Symbol: TRCC
Market Segment: Pink Open Market
Sector: Technology, AI
For more information about Vulcain, visit www.vulcain.ai.
Big Brother
3週前
Have not seen anything new, I think it just got some 'awareness' on social media based on the Form 1-SA filing, which only lasted a day or two and then went back to being illiquid. I'd imagine it will pick back up as soon as more information is known. At this point, we don't know if the merger will finalize, or what the share structure will look like post r/m, so those are obviously very important.
Big Brother
2月前
Yeah, I listened to a couple long interviews with Greg Duffell, Vulcain's CEO and Dr Bob Whitehair, Vulcains CSO, it sounds pretty interesting. Its a startup but will essentially be the commercial arm of Eumonics, an industry leader in causal AI, who already has a number of big clients like Pepsi, Welch's, EBSCO and many others apparently.
Big Brother
2月前
Someone loading up today on the 1-SA filing, they are currently negotiating a merger with Vulcain Inc.
Maybe this: https://vulcain.ai/ ..??
https://www.otcmarkets.com/filing/html?id=17846722&guid=H2L-kab2dGalB3h
In February 2024, the Board of Directors made the decision to terminate all of its operations and seek a buyer for the Traccom Inc. trading symbol.
On February 5, 2024, the Company entered into a consulting agreement with Aware Capital Consultants Inc. to seek out and introduce the Company to Merger candidates that includes vetting out the candidates, negotiating and closing the merger working with the Company and the Company’s general counsel. The Board of Directors approved the issuance of 188,160 shares of the Company’s common stock as compensation.
In June 2024, the Company selected Vulcain Inc. based on the consultant’s recommendations to move forward with negotiating a transaction.
Big Brother
5月前
The 4 insiders own about 97% of the o/s and it has assets that prevent it from being classified as a shell company, so IMO this would be an incredible merger vehicle.
Its a bit of a risk I guess as the company officers are elderly and its always a concern how much they really want to devote, both time and $$$ into finding a merger when your at an advanced age, they have already been looking for awhile.
One interesting thing I saw, in Harry Steck's bio...he was apparently behind 'GT Interactive Software's' IPO, he didn't mention in the bio it was one of the biggest IPO's of that year, only Netscape had a bigger one. GT Interactive Software went to NASDAQ and eventually became Atari, Inc.
Harry Steck. From 1965 to 1982, Harry Steck work with JCPenney, holding senior buying and marketing positions in its drug store division, Thrift Drug Company. From 1982 to 1985, Harry held SVP of Merchandising positions with Fays Drug and Gray Drug. In 1985, Harry was recruited to Sara Lee as VP of Merchandising in its Hanes Hosiery division, based in Winston-Salem, NC. For seven years, he oversaw marketing and distribution operations. In 1992, the Rank Corporation, a public company based in London, UK, recruited him as President / CEO of its U.S. based Rank Retail America division. Harry held this position through 1996, at which time he led a board-approved divestiture of Rank Retail America. In 1996, Harry joined GT Interactive Software, based in New York City, as SVP to lead its OTC public offering. Upon a successful offering, he stayed with the company for four additional years.
From 2000 to 2006, Harry elected to step back from his business career as he and his wife decided to focus on raising their three children.
In 2006, Harry was recruited by Itochu, a Tokyo based public company for the position of President / CEO of its Master Halco division, a specialty steel producer based in Los Angeles. In 2009, Harry resigned from Master Halco.
After a second attempt at retirement, Harry was selected by a Lebanese investor group in 2013 to oversee a Los Angeles based technology startup company. In this role, Harry collaborated with Joseph Morgan, its CTO, to create and launch Trakdot™ the first ever successful tracking device to be used for airline checked in luggage. In 2018, Harry and Joseph established Traccom Inc. to create the successor product to Trakdot™. Harry currently serves as President and CEO of Traccom. Harry also oversees the financial operations of ForsterVGV Inc., a Florida based specialty luggage manufacturer.
Harry is a graduate of the University of Pittsburgh where he holds an MBA and completed post graduate programs at Harvard and IMEDE (University of Lausanne, Switzerland). He currently resides in Walnut Creek, California with his wife of 55 years, Nancy. He enjoys reading, riding the stationary bicycle and taking Viking river cruises.