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TAAL Distributed Information Technologies (TAALF) – Terminating Research Coverage

Technology
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Friday, December 23, 2022

TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the BitcoinSV platform, and developing, operating, and managing distributed computing systems for enterprise users.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Terminating Research Coverage. As expected, TAAL announced the completion of the previously announced plan to take the Company private. Calvin Ayre has acquired all of the remaining TAALF common shares and now owns 100%. The transaction was approved by the Ontario Superior Court of Justice on December 21st. TAALF common shares will be de-listed from the Canadian Securities Exchange no later than the close of business on December 23, 2022. As a result, we are terminating research coverage of TAAL Distributed Information Technologies. Effective upon termination of coverage, investors should no longer rely on any of our prior research, financial estimates, or ratings for the Company.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

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