Renalytix AI (GB:RENX) has released an update.
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Renalytix AI, an AI-enabled diagnostics company, has shifted its American Depository Shares (ADSs) from Nasdaq to OTCQB as of October 8, 2024, to reduce costs and focus resources on commercializing its kidney health products. CEO James McCullough emphasizes the move will decrease administrative expenses and redirect capital towards enhancing shareholder value. The OTCQB Venture Market is recognized as an established public market for emerging companies, ensuring ongoing reporting and transparency standards.
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