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CHINO, Calif. - Caduceus Software Systems Corp. (OTCID:CSOC), parent company of pet food brand McLovin’s Pet, announced Wednesday a strategic plan to strengthen its public company profile and position itself for future uplisting to senior exchanges. The micro-cap company, currently valued at $3.75 million, has seen its stock decline 64% over the past year according to InvestingPro data.
The multi-phase roadmap includes engaging a PCAOB-registered auditing firm to conduct a two-year financial audit, filing a Form 10 Registration Statement to become fully SEC-reporting, and submitting an S-1 Registration Statement to support future capital market activities.
The company also plans to change its name and ticker symbol, pending regulatory approval, and aims to move from the OTCID market to the OTCQB Venture Market, with a long-term goal of listing on the Nasdaq Capital Market.
"We are building a more transparent and institutional-grade public company," said David Ji, CEO of CSOC, in the press release. "This roadmap is designed to unlock access to institutional capital, improve investor visibility, and establish a durable foundation for long-term shareholder value."
According to the company, McLovin’s Pet has been expanding its retail presence and is currently available in over 6,000 retail locations across the United States. The California-based manufacturer specializes in natural, freeze-dried raw treats and meals for pets. Despite the expansion, InvestingPro’s Financial Health Score indicates fair overall performance, with a score of 2.47 out of 5.
The company stated these initiatives come amid what it describes as record sales velocity, new national retail expansion, and year-over-year revenue growth for its McLovin’s Pet brand.
Caduceus Software Systems Corp. is a Wyoming-based holding company focused on acquiring and scaling consumer brands, with emphasis on the pet food and pet care industry.
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