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ROSEVILLE, Minnesota - SecureTech Innovations, Inc. (OTCQB:SCTH), whose stock has surged over 1,000% year-to-date according to InvestingPro data, announced Thursday it has engaged Craft Capital Management, LLC as its exclusive investment banking partner to support the company’s capital markets strategy.
The partnership will focus on a bridge financing round, planned uplisting to a national securities exchange (NYSE or NASDAQ), and strategic acquisition initiatives, according to a company press release. InvestingPro data shows the company maintains a strong balance sheet with cash exceeding debt, positioning it well for these strategic moves.
Craft Capital Management will advise SecureTech on capital formation strategies aimed at strengthening its balance sheet, providing working capital for acquisition opportunities, and supporting costs associated with the planned exchange uplisting.
SecureTech, which describes itself as a technology company focused on artificial intelligence, industrial 3D printing, cybersecurity, and digital infrastructure solutions, recently acquired AI UltraProd, which it identifies as a leader in AI-powered industrial manufacturing.
"Engaging Craft Capital Management marks a pivotal step in executing our strategic roadmap," said J. Scott Sitra, President and CEO of SecureTech.
Mackey McFarlane, Head Investment Banker at Craft Capital Management, stated the company is "well-positioned for significant value creation as it advances toward a national exchange listing."
SecureTech’s current portfolio includes AI UltraProd, Piranha Blockchain, and Top Kontrol, an anti-theft and anti-carjacking system.
The company trades on the OTCQB market under the ticker SCTH.
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