Getaround Announces Upgrade to OTCQB Market
Getaround (OTCQB: GETR), the world's first connected carsharing marketplace, has announced an upgrade in the quotation of its common stock and public warrants from the OTC Pink Market to the OTCQB® Venture Market, effective September 4, 2024. The OTCQB, operated by OTC Markets Group, requires companies to meet stricter standards, including current financial reporting with the SEC, passing a minimum bid price test, and maintaining audited financials through a PCAOB registered firm. This upgrade is expected to potentially broaden Getaround's investor base, including institutional investors, which could lead to increased liquidity and greater analyst coverage for the company.
Getaround (OTCQB: GETR), il primo marketplace di carsharing connesso al mondo, ha annunciato un aggiornamento nella quotazione delle proprie azioni ordinarie e dei warrant pubblici dal mercato OTC Pink al Mercato OTCQB® Venture, a partire dal 4 settembre 2024. L'OTCQB, gestito da OTC Markets Group, richiede alle aziende di soddisfare standard più rigorosi, tra cui la rendicontazione finanziaria attuale presso la SEC, il superamento di un test di prezzo minimo delle offerte e il mantenimento di bilanci verificati tramite una società registrata PCAOB. Questo aggiornamento si prevede potenzialmente di ampliare la base di investitori di Getaround, inclusi gli investitori istituzionali, il che potrebbe portare a una maggiore liquidità e una copertura analitica più ampia per l'azienda.
Getaround (OTCQB: GETR), el primer mercado de carsharing conectado en el mundo, ha anunciado una mejora en la cotización de sus acciones ordinarias y garantías públicas desde el mercado OTC Pink al Mercado OTCQB® Venture, que será efectiva el 4 de septiembre de 2024. El OTCQB, operado por OTC Markets Group, requiere que las empresas cumplan con estándares más estrictos, incluyendo la presentación de informes financieros actuales ante la SEC, pasar una prueba de precio mínimo de oferta y mantener estados financieros auditados a través de una firma registrada en PCAOB. Se espera que esta mejora potencialmente amplíe la base de inversores de Getaround, incluyendo inversores institucionales, lo que podría llevar a una mayor liquidez y una mayor cobertura analítica para la empresa.
Getaround (OTCQB: GETR), 세계 최초의 연결된 카셰어링 마켓플레이스는 OTC Pink Market에서 일반 주식 및 공개 워런트의 인용을 업그레이드하여 OTCQB® 벤처 마켓으로 2024년 9월 4일부터 시행한다고 발표했습니다. OTCQB는 OTC Markets Group이 운영하며 기업들이 SEC에 대한 현재의 재무 보고, 최소 입찰 가격 테스트 통과, PCAOB 등록 회사의 감사 재무 제표 유지를 포함한 더 엄격한 기준을 충족해야 합니다. 이 업그레이드는 Getaround의 투자자 기반을 잠재적으로 확장할 것으로 예상되며, 이는 기관 투자자들을 포함하여 회사에 대한 유동성 증가 및 더 나은 분석 커버리지로 이어질 수 있습니다.
Getaround (OTCQB: GETR), le premier marché de covoiturage connecté au monde, a annoncé un renouvellement de la cotation de ses actions ordinaires et des bons de souscription publics depuis le marché OTC Pink jusqu'au marché OTCQB® Venture, effectif à partir du 4 septembre 2024. L'OTCQB, géré par OTC Markets Group, exige des entreprises qu'elles respectent des normes plus strictes, y compris des rapports financiers actuels à la SEC, le passage d'un test de prix minimum d'enchère et le maintien de rapports financiers audités par une société enregistrée à la PCAOB. Cette amélioration devrait potentiellement élargir la base d'investisseurs de Getaround, y compris les investisseurs institutionnels, ce qui pourrait conduire à une plus grande liquidité et une meilleure couverture analytique pour l'entreprise.
Getaround (OTCQB: GETR), der weltweit erste vernetzte Carsharing-Marktplatz, hat ein Upgrade der Notierung seiner Stammaktien und öffentlichen Warrants vom OTC Pink Market zum OTCQB® Venture Market angekündigt, das am 4. September 2024 in Kraft tritt. Der OTCQB, der von der OTC Markets Group betrieben wird, verlangt von Unternehmen, dass sie strengere Standards erfüllen, einschließlich aktueller finanzieller Berichterstattung bei der SEC, das Bestehen eines Mindestgebotspreistests und die Aufrechterhaltung von geprüften Finanzberichten durch ein PCAOB-registriertes Unternehmen. Dieses Upgrade wird voraussichtlich potenziell die Anlegerbasis von Getaround erweitern, einschließlich institutioneller Anleger, was zu höherer Liquidität und besserer Analyseabdeckung für das Unternehmen führen könnte.
- Upgrade to OTCQB market, potentially increasing investor visibility
- Potential for broader investor base, including institutional investors
- Possible increase in liquidity and analyst coverage
- None.
OTCQB is a trading platform in the US operated by the OTC Markets Group. To be eligible for trading on the OTCQB, companies must be current in their financial reporting with the Securities and Exchange Commission (the “SEC”), pass a minimum bid price test, maintain audited financials through a PCAOB registered firm, and undergo an annual verification and management certification. Getaround anticipates that, with its more rigorous standards and reporting criteria, trading on the OTCQB will allow Getaround to potentially access a wider investor base, including institutional investors, for increased liquidity and greater analyst coverage.
About Getaround:
Offering a digital experience, Getaround (OTCQB: GETR) makes sharing cars and trucks simple through its proprietary cloud and in-car Getaround Connect® technology. The Company empowers consumers to shift away from car ownership through instant and convenient access to desirable, affordable, and safe cars from entrepreneurial hosts. Getaround’s on-demand technology enables a contactless experience — no waiting in line at a car rental facility, manually completing paperwork or meeting anyone to collect or drop off car keys. Getaround’s purpose is to propel the world’s transition to a more sustainable society, economy and environment with its peer-to-peer connected carsharing marketplace. Launched in 2011, Getaround is available today in more than 1,000 cities across 8 countries including
Forward-Looking Statements:
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events, such as the statements regarding potential access to a wider investor base, increased liquidity and greater analyst coverage. In some cases, you can identify forward-looking statements by terminology such as “expects”, “intends,” “plans,” and “will,” or the negative of these terms or variations of them or similar terminology. We have based these forward-looking statements on our current expectations and assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. However, whether actual results and developments will conform with our expectations and predictions is subject to a number of risks and uncertainties, many of which are beyond our control, including: the effect of delisting from the NYSE, including on our relationships with third parties and employees; whether an over-the-counter trading market for our common stock will develop or persist; our ability to meet any requirements of any stock exchange for listing our securities in the future; and the other factors under the heading “Risk Factors” in our Annual Report on Form 10-K filed with the SEC on March 29, 2024, and in other filings that the Company has made and may make with the SEC in the future. All of the forward-looking statements made in this press release are qualified by these cautionary statements. The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on the Company or our business or operations. Such statements are not intended to be a guarantee of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. You should not place undue reliance on these forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240904100216/en/
Lauren Madden
Head of Investor Relations
lauren.madden@getaround.com
Source: Getaround
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