Upon completing the sandbox phase, pitchIN will pursue one of two pathways depending on the outcomes achieved.
Successful Sandbox: Moving to Full Commercialisation
If all sandbox success criteria are met and positively validated by the Securities Commission Malaysia (SC), pitchIN will:
- Submit a formal application to the SC for full operational approval of PSTX 2.0, supported by a comprehensive sandbox final report including all test evidence and demonstrated compliance.
- Proceed to commercial launch only upon receiving explicit SC approval.
- Scale operations, marketing, and infrastructure in a phased and controlled manner.
Unsuccessful Sandbox: Orderly Wind-Down
If sandbox objectives are not substantially met, or if commercialisation is deemed unviable by pitchIN or the SC, pitchIN will initiate an orderly wind-down of the PSTX 2.0 sandbox. This includes:
- Immediately ceasing to accept new listing applications for PSTX 2.0.
- Maintaining existing sandbox listings for a defined period (subject to SC guidance) to allow investors a reasonable opportunity to exit.
- Keeping all essential platform services running for residual listings throughout the wind-down period.
- Communicating clearly and promptly with all affected investors, issuers, and stakeholders on timelines and next steps.
- Retaining all platform data and records for a minimum of 7 years in compliance with SC requirements.
The entire wind-down process will be carried out under the oversight and guidance of the SC, with investor and issuer protection as the primary consideration.
Important: Shares and listings that are NOT part of the PSTX 2.0 sandbox are unaffected by this process. These listings remain active and continue normal operations on the pitchIN platform as usual.