India, Dec. 8 -- Reflecting its ambition to tap global investors and seek higher valuations, NSE SME-listed TAC Infosec's US subsidiary, CyberScope Web3 Security Inc, has kicked off the regulatory process for a potential listing on the Nasdaq Capital Market. The move follows CyberScope's board approval for IPO in August earlier this year.

CyberScope has confidentially filed a Form F-1 registration statement with the US Securities and Exchange Commission (SEC). For context, the Form F-1 is the US SEC registration statement used by foreign companies to register securities for their IPO in the US market.

"While the proposed offering's timing and terms remain subject to market conditions and SEC review, the filing reflects the subsidiary's ...