DatChat subsidiary RPM Interactive files for IPO on Nasdaq Capital Market.

DatChat's former subsidiary RPM Interactive has filed a registration statement for a proposed initial public offering (IPO) of shares. The number of shares and price range have not been determined. RPM Interactive has applied to list its common stock on the Nasdaq Capital Market. DatChat currently owns 12.5 million shares, or approximately 34%, of RPM Interactive.

DatChat Inc.'s former subsidiary, RPM Interactive, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock. The number of shares and the price range for the offering have not been determined. RPM Interactive has applied to list its common stock on the Nasdaq Capital Market under the ticker symbol "RPMI." DatChat currently owns 12.5 million shares, or approximately 34%, of RPM Interactive [1].

The Benchmark Company, LLC has been appointed as the sole book-running manager for the proposed offering. The registration statement has been filed but has not yet become effective. This means that no sales can occur until the registration statement is effective, and it does not constitute an offer to sell or solicit offers to buy the securities [1].

RPM Interactive specializes in AI-generated publishing, focusing on an automated platform for creating short-form video content. The company's platform, Catch-Up, empowers users to generate professional-grade recap content across various topics such as news, sports, finance, and pop culture [1].

DatChat's ownership stake in RPM Interactive positions the company to benefit from potential future financial gains if the IPO is successful. The proposed IPO indicates significant growth potential and investor interest in the AI-generated publishing sector, which could enhance DatChat's market visibility and credibility [1]. However, DatChat's 34% ownership may not be sufficient to have significant influence over RPM Interactive's strategic decisions following its IPO, potentially reducing DatChat's control over a valuable asset [1].

For the latest updates and insights on DatChat Inc. stock, investors and traders can visit [2].

References:
[1] https://www.nasdaq.com/articles/datchat-inc-announces-34-ownership-stake-rpm-interactive-company-files-ipo
[2] https://www.stocktitan.net/news/DATS/