Myman Darin buys $5,970 in Myseum shares

Published 02/09/2025, 23:10
Myman Darin buys $5,970 in Myseum shares

Myseum, Inc. (NASDAQ:MYSE) Chief Executive Officer Darin Myman reported purchasing 3,000 shares of the company’s common stock on September 2, 2025. The insider purchase comes as the stock has declined about 8% over the past week, though according to InvestingPro analysis, the shares appear undervalued at the current price of $1.99, totaling $5,970.

Following the transaction, Myman directly owns 187,516 shares of Myseum, Inc. In addition, he indirectly owns 23 shares by spouse. The company maintains a strong liquidity position with a current ratio of 8.98 and holds more cash than debt on its balance sheet, though InvestingPro data indicates the company is quickly burning through its cash reserves.

In other recent news, DatChat, Inc. has announced a rebranding initiative, changing its name to Myseum, Inc. The company’s common stock and Series A warrants will begin trading under the new symbols "MYSE" and "MYSEW" on Nasdaq starting August 11, 2025. This rebranding aligns with DatChat’s strategic focus on its Myseum social media platform, which launched earlier this year. Additionally, DatChat has secured a Canadian patent for its electronic content transformation technology. This patent, titled "Systems And Methods Of Transforming Electronic Content," expands the company’s intellectual property portfolio to include 17 issued patents. The invention is already patented in the United States and has received notices of allowance from both Mexican and European patent offices. These developments highlight DatChat’s ongoing efforts to enhance its technological offerings and strengthen its market position.

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