Traccom Inc. (OTCMKTS:TRCC) Intends to Revise Terms of Reg A+ Tier 2 Offering
About The Company
Traccom Inc. (OTCMKTS:TRCC) has developed a revolutionary product in the health care field called Traccom MedicalPro. It is a Remote Patient Monitoring device that consists of a communications hub and seven ancillary devices that monitor health conditions from the patient’s home. The ancillary gadgets include blood pressure, weight, temperature, glucose, oxygen, EKG, and a spirometer.
Every time the patient utilizes one or more of these devices, the readings are uploaded instantaneously to the patient’s portal. The treating physician gets complete access to remote readings of the patient. All the information tracked by the system is HIPAA compliant. The Traccom Basic Tracker is also a sophisticated creation of this company. It could be used by consumers who fly and check-in their luggage with the airline. The Tracker is put inside the luggage and after the plant lands; the passenger gets a notification via text and email, alerting them to the location of the luggage. It is a general all-purpose tracker too.
Market Stats
On Friday, TRCC stock ended flat at $1.82 with more than 100 shares, compared to its average volume of 1 share. The stock moved within a range of $1.8200 – 1.8200 after opening trading at $1.82.
Traccom Inc. Announces Plan to Revise Terms of Reg A+ Tier 2 Offering
Traccom Inc. (operating in the technology sector) has announced on June 20, 2022, about reducing the price of its remaining 336,228 shares of its Reg A+ Tier 2 offering of 350,887 shares from $2.85 per share to $1.82 per share for aggregate proceeds to the company of up to $601,419. Any funds generated from the sale of these shares, under the offering mentioned above, are to be used mainly for inventory production and general corporate operating expenses.
Some of the expenditures could be a bit revised, depending upon POS 1-A filing. On June 17, 2022, the company filed a post-effective amendment to its Form 1-A qualified by the United States Securities and Exchange Commission on May 13, 2021. The revised terms described above will be implemented following the approval of the SEC.
