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LONDON - TruSpine Technologies Plc (AQSE:TSP), a medical device company focused on spinal stabilization, announced Friday that shareholders approved all resolutions at its General Meeting, including a company name change and the adoption of a bitcoin treasury policy.
The company will change its name to TSP Advanced Technologies plc while maintaining its TSP ticker on the AQSE Growth Market. The company’s LEI, ISIN, and SEDOL identifiers will remain unchanged, with a new website address to be announced later.
Following shareholder approval, the company plans to implement a balanced treasury strategy that will include both traditional cash reserves and bitcoin holdings. The board is exploring fundraising options to support this initiative and expects to begin bitcoin acquisitions in the near future.
Shareholders also approved the expansion of the company’s intellectual property portfolio through the acquisition of third-party assets, including patents and know-how. The board believes these additions will strengthen its competitive position and support ongoing development of its spinal stabilization products.
The company noted that while it considers bitcoin an appropriate store of value for its reserves, it acknowledges the Financial Conduct Authority’s position that bitcoin investments carry high risk. The company emphasized that an investment in TruSpine is not a direct investment in bitcoin, though the company will have material exposure to the cryptocurrency.
The announcement was based on a press release issued by TruSpine Technologies.
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