SalesCloser Technologies Shares Gained DTC Eligibility
The company’s common shares have become eligible for electronic clearing and settlement in the United States.
Updated on Sept. 21, 2026 in Public Companies
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SalesCloser Technologies announced that its common shares achieved eligibility for electronic clearing and settlement through The Depository Trust Company. This update streamlines trading processes for investors and brokerage firms across the United States.
Why it matters
DTC eligibility removes the need for physical share certificates and enhances overall share liquidity. The transition is expected to expedite the receipt of stock and cash while lowering administrative costs for market participants.
SalesCloser Technologies currently trades on the OTCQB Venture Market as SCTLF, the TSX Venture Exchange as SCAI, and the Frankfurt Stock Exchange as MJ5. Existing shareholders are not required to take any action regarding this new eligibility status.
The players
SalesCloser Technologies
This is a publicly traded company headquartered in Vancouver, British Columbia, that operates across multiple international exchanges.
The Depository Trust Company
This organization manages the electronic clearing and settlement of securities in the United States.
The details
The eligibility granted by The Depository Trust Company enables trading through participating brokerage firms via electronic book-entry transfers. This change replaces the legacy requirement for physical share certificates with a more efficient digital system.
Timeline
July 7, 2026: Company shares commenced trading on the OTCQB Venture Market.
September 21, 2026: The company achieved official DTC eligibility.
Market Landscape
The adoption of the electronic book-entry transfer system by this firm reflects a broader movement toward digitizing global stock market infrastructure. This transition aligns with the industry-wide shift away from paper-based securities to reduce settlement friction.
Existing shareholders do not need to take any action to benefit from this update. Investors can expect a more efficient trading experience with faster settlement times when buying or selling shares through their brokerage firms.
The takeaway
DTC eligibility marks a significant operational improvement by simplifying how investors trade and settle their positions. The shift effectively modernizes the company's equity management and aligns it with standard practices for cross-border public listings.
Further reading
For more information on market updates, visit the Public Companies section.
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