Tech Stock Rockets 50% on Major Corporate Transformation

2025-07-31 11:20:00 ET

The cybersecurity and AI sectors continue to attract significant investor attention as companies pivot toward high-growth technology platforms. With digital transformation accelerating across industries and cybersecurity threats mounting, holding companies that can consolidate and scale multiple tech brands are positioning themselves for substantial growth opportunities in the expanding digital economy.

Shareholders of Frequency Holdings Inc ( OTCID: FRQN ) responded enthusiastically to today's announcement of the company's completed corporate transformation from Yuenglings Ice Cream Corp, sending shares soaring 50% on the day. The name and symbol change, officially approved by FINRA, marks the formal transition into a modern holding company structure focused on cybersecurity, AI, and digital identity technologies.

The newly branded Frequency Holdings is building a multi-brand platform modeled after Berkshire Hathaway and Alphabet, with each subsidiary operating independently while benefiting from shared strategic leadership. The flagship operating company ReachOut is actively acquiring and scaling cybersecurity-focused managed service providers across the US, while new brands like TRUSTLESS aim to bring privacy and authentication innovation into digital verticals.

"This is more than a name change," said Rick Jordan, CEO of Frequency Holdings. "This is about building something bigger than one brand. We are creating a structure that can hold multiple companies each with their own identity and velocity while sharing the same DNA of performance protection and technology that works. The market has asked what we're building. This is it. A public platform with room for massive upside and real-world relevance."

The company has assembled a high-profile board including Kevin Harrington, original Shark from ABC's Shark Tank, and David Meltzer, global entrepreneur and Chairman of the Napoleon Hill Institute. Harrington commented, "I joined the board because Rick's vision was bold, and both the industry and timing are right. ReachOut was just the beginning, and now Frequency is turning the vision into a machine with the team we have in place."

Meltzer added, "Your frequency is your neighborhood, and Frequency Holdings is about raising the signal in every sense. This is a company tuned into innovation, tuned into value, and tuned into service."

The transformation represents a strategic evolution from the company's previous ice cream operations into a technology-focused holding company. Through ReachOut, Frequency is building what it calls the first nationally recognized name in cybersecurity-first IT services for small and medium businesses, while planning to unveil additional ventures in coming quarters.

Rick Jordan, the architect of the transformation, is a cybersecurity expert who has advised in the White House on national cyber policy and hosts the globally ranked podcast "ALL IN with Rick Jordan," soon to be renamed "FREQUENCY."

Shares of FRQN are up 50.0% to $0.0009 in early morning trading Thursday.

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