OTC Markets Group Welcomes BrainChip Holdings Ltd. to OTCQX
BrainChip Holdings Ltd. (OTCQX: BRCHF) has transitioned to the OTCQX® Best Market from the Pink® market, enhancing visibility for U.S. investors. This upgrade allows BrainChip to leverage its reporting from qualified international exchanges, complying with high financial standards and corporate governance. CEO Peter van der Made emphasized the importance of this move for engaging a growing U.S. investor audience, aiming to commercialize its Akida artificial intelligence chip technology. The company retained MCAP LLC as its OTCQX advisor.
- Transition to OTCQX from Pink market enhances visibility and transparency for U.S. investors.
- Compliance with high financial standards and corporate governance improves investor confidence.
- Opportunity to engage a larger U.S. investor audience as stated by the CEO.
- None.
NEW YORK, May 13, 2021 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced BrainChip Holdings Ltd. (ASX: BRN; OTCQX: BRCHF), provider of ultra-low power high performance AI technology, has qualified to trade on the OTCQX® Best Market. BrainChip Holdings Ltd. upgraded to OTCQX from the Pink® market.
BrainChip Holdings Ltd. begins trading today on OTCQX under the symbol "BRCHF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
BrainChip CEO and Founder Peter van der Made said, "BrainChip's inclusion on the OTCQX Market provides the increased visibility we need to engage with a large and growing US investor audience. We are focused on building a strong, innovative and profitable global technology business based on commercialising our worlds-first Akida artificial intelligence chip technology."
BrainChip Holdings Ltd. retained MCAP LLC to act as the Company's OTCQX advisor. MCAP is a US broker-dealer that provides institutional securities services and electroinc market making. MCAP acted as the company's OTCQX sponsor.
About BrainChip Holdings Ltd
BrainChip is a global technology company that is producing a groundbreaking neuromorphic processor that brings artificial intelligence to the edge in a way that is beyond the capabilities of other products. The chip is high performance, small, ultra-low power and enables a wide array of edge capabilities that include on-chip training, learning and inference. The event-based neural network processor is inspired by the spiking nature of the human brain and is implemented in an industry standard digital process. By mimicking brain processing BrainChip has pioneered a processing architecture, called Akida™, which is both scalable and flexible to address the requirements in edge devices. At the edge, sensor inputs are analyzed at the point of acquisition rather than through transmission via the cloud to a data center. Akida is designed to provide a complete ultra-low power and fast AI Edge Network for vision, audio, olfactory and smart transducer applications. The reduction in system latency provides faster response and a more power efficient system that can reduce the large carbon footprint of data centers.
Additional information is available at https://www.brainchipinc.com
Follow BrainChip on Twitter: https://www.twitter.com/BrainChip_inc
Follow BrainChip on LinkedIn: https://www.linkedin.com/company/7792006
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.
FAQ
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