illumin Holdings Inc. Announces Upgrade to the OTCQB in the United States

Rhea-AI Summary

illumin Holdings has announced the upgrade of its common shares trading from the OTC Pink Open Market to the OTCQB Venture Market under the ticker symbol ‘ILLMF’ effective June 7, 2024. This move aims to provide better accessibility, liquidity, and transparency for U.S. investors. The company's shares will continue to be traded on the Toronto Stock Exchange under the symbol ‘ILLM.’ illumin leverages advanced machine learning algorithms and real-time data analytics to enable marketers to reach consumers effectively. The company, headquartered in Toronto, serves clients across North America, Latin America, and Europe.

Positive

• Successful upgrade to OTCQB from OTC Pink, effective June 7, 2024.
• Improved accessibility and liquidity for U.S. investors.
• Increased transparency for shareholders and potential investors.
• Continued trading on the Toronto Stock Exchange under the symbol 'ILLM'.
• Potential to attract a broader range of U.S. investors.

Negative

• The press release lacks specific financial performance data and future projections.
• No mention of immediate revenue or profit impacts from the upgrade.
• No detailed explanation of costs associated with the upgrade to OTCQB.

TORONTO, June 06, 2024 (GLOBE NEWSWIRE) -- illumin Holdings Inc. (TSX: ILLM) (OTCQB: ILLMF) (“illumin” or “Company”), a journey advertising technology company that empowers marketers to make smarter decisions about communicating with online consumers, is pleased to announce its successful upgrade of the trading of the Company's common shares from the OTC Pink Open Market to the OTCQB Venture Market (the "OTCQB") in the United States under the ticker symbol “ILLMF”, effective as of the open of trading on June 7, 2024.

“We have been fortunate to enjoy strong foundational support from investors in Canada and now look forward to reaching a broader range of U.S. investors through this uplisting," said Simon Cairns, Chief Executive Officer of illumin. “This timely OTCQB upgrade is intended to provide shareholders and investors with improved accessibility, liquidity and transparency to further acquaint investors with our Company and our capabilities."

The OTCQB is a United States trading platform operated by the OTC Markets Group Inc. U.S. investors can find financial disclosures, real-time quotes and market information for the Company on www.otcmarkets.com. The Company's common shares will continue to trade on the Toronto Stock Exchange under the symbol "ILLM".

About illumin:

illumin is a journey advertising platform that enables marketers to reach consumers at every stage of their journey by leveraging advanced machine learning algorithms and real-time data analytics. The Company’s mission is to illuminate the path for brands to connect with their customers through the power of data-driven advertising. Headquartered in Toronto, Canada, illumin serves clients across North America, Latin America, and Europe.

Disclaimer with regard to forward looking statements

Certain statements included herein constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, illumin does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.

For further information, please contact:

Steve Hosein
Investor Relations
416-918-5647
investors@illumin.com

David Hanover
Investor Relations
KCSA Strategic Communications
212-896-1220
dhanover@kcsa.com

FAQ

What is the effective date for illumin's upgrade to the OTCQB?

The upgrade to the OTCQB for illumin Holdings will be effective from June 7, 2024.

What is the ticker symbol for illumin Holdings on the OTCQB?

The ticker symbol for illumin Holdings on the OTCQB is 'ILLMF'.

How does the OTCQB upgrade affect U.S. investors?

The upgrade to the OTCQB is intended to provide U.S. investors with improved accessibility, liquidity, and transparency.

Will illumin Holdings continue to trade on the Toronto Stock Exchange?

Yes, illumin Holdings will continue to trade on the Toronto Stock Exchange under the symbol 'ILLM'.

What is the main focus of illumin Holdings?

illumin Holdings focuses on journey advertising technology, leveraging advanced machine learning algorithms and real-time data analytics to help marketers reach consumers effectively.