LSEB Creative Corp Announces Application to Uplist to the OTCQB Marketplace
LSEB Creative Corp (OTC PINK:LSEB) has filed an application to uplist from the Pink Open Market to the OTCQB Marketplace. The upgrade requires meeting specific criteria including current reporting status, annual verification, $0.01 bid test, non-bankruptcy status, 50+ beneficial shareholders, and 10%+ public float. The process is expected to take 4-8 weeks. The company aims to enhance visibility and transparency within the investment community, particularly for institutional investors. The OTCQB platform requires higher financial standards, current financial reporting, and compliance with U.S. securities laws.
LSEB Creative Corp (OTC PINK:LSEB) ha presentato una domanda per passare dal mercato Open Pink al OTCQB Marketplace. L'upgrade richiede di soddisfare criteri specifici, compreso lo stato di reporting attuale, la verifica annuale, il test di offerta a $0,01, lo stato di non bancarotta, oltre 50 azionisti beneficiari e un flottante pubblico superiore al 10%. Si prevede che il processo richiederà da 4 a 8 settimane. L'azienda mira a migliorare la visibilità e la trasparenza all'interno della comunità degli investimenti, in particolare per gli investitori istituzionali. La piattaforma OTCQB richiede standard finanziari più elevati, reporting finanziario attuale e conformità alle leggi sui titoli statunitensi.
LSEB Creative Corp (OTC PINK:LSEB) ha presentado una solicitud para ascender del Mercado Abierto Rosa al OTCQB Marketplace. La actualización requiere cumplir con criterios específicos, que incluyen el estado actual de informes, verificación anual, prueba de oferta de $0.01, estado de no quiebra, más de 50 accionistas beneficiarios y flotación pública superior al 10%. Se espera que el proceso tome entre 4 y 8 semanas. La empresa tiene como objetivo mejorar la visibilidad y transparencia dentro de la comunidad de inversiones, especialmente para los inversores institucionales. La plataforma OTCQB exige estándares financieros más altos, informes financieros actuales y cumplir con las leyes de valores de EE. UU.
LSEB Creative Corp (OTC PINK:LSEB)는 오픈 핑크 시장에서 OTCQB 마켓플레이스으로의 상장을 신청했습니다. 이 업그레이드는 현재 보고 상태, 연례 검증, $0.01 입찰 테스트, 파산 상태 아님, 50명 이상의 유익한 주주, 10% 이상의 공공 유통 등 특정 기준을 충족해야 합니다. 이 과정은 4-8주가 소요될 것으로 예상됩니다. 이 회사는 특히 기관 투자자들을 위해 투자 커뮤니티 내에서 가시성과 투명성을 높이는 것을 목표로 하고 있습니다. OTCQB 플랫폼은 더 높은 재무 기준, 현재 재무 보고 및 미국 증권법 준수를 요구합니다.
LSEB Creative Corp (OTC PINK:LSEB) a soumis une demande pour passer du marché ouvert Pink au OTCQB Marketplace. La mise à niveau nécessite de répondre à des critères spécifiques, y compris un statut de reporting actuel, une vérification annuelle, un test d'offre à $0,01, un statut de non-faillite, plus de 50 actionnaires bénéficiaires et un flottement public supérieur à 10%. Le processus devrait prendre entre 4 et 8 semaines. L'entreprise vise à améliorer la visibilité et la transparence au sein de la communauté d'investissement, en particulier pour les investisseurs institutionnels. La plateforme OTCQB exige des normes financières plus élevées, des rapports financiers à jour et la conformité aux lois américaines sur les valeurs mobilières.
LSEB Creative Corp (OTC PINK:LSEB) hat einen Antrag auf einen Wechsel vom Pink Open Market zu OTCQB Marketplace eingereicht. Das Upgrade erfordert die Erfüllung spezifischer Kriterien, einschließlich des aktuellen Berichtsstatus, jährlicher Überprüfung, $0,01 Angebotsprüfung, Nicht-Pleite-Status, mehr als 50 begünstigte Aktionäre und über 10% öffentliche Streuung. Der Prozess wird voraussichtlich 4-8 Wochen dauern. Das Unternehmen zielt darauf ab, die Sichtbarkeit und Transparenz innerhalb der Investmentgemeinschaft, insbesondere für institutionelle Investoren, zu verbessern. Die OTCQB-Plattform erfordert höhere finanzielle Standards, aktuelle Finanzberichte und die Einhaltung der US-Wertpapiergesetze.
- Potential increased visibility to institutional investors
- Enhanced trading opportunities and access to capital
- Company already meets SEC reporting requirements
- Public float exceeds 10% requirement
- 4-8 weeks processing time for uplisting approval
- Additional compliance and reporting costs
- No guarantee of uplisting approval
TORONTO, ON / ACCESSWIRE / October 30, 2024 / LSEB Creative Corp. (OTC PINK:LSEB) (the "Company"), a visionary new entrant in the fashion sector, is pleased to announce that the Company has filed an application to have its common shares uplisted from the Pink Open Market (OTC Pink) to the OTCQB (Over-the-Counter Quotation Bureau).
This advancement will mark a pivotal step forward as companies listed on the OTCQB marketplace are required to go through more rigorous reporting requirements. Given the Company is currently an SEC reporting issuer, this advancement aligns seamlessly with the OTCQB marketplace requirements. Such proactive measures signify a natural progression for our Company. This heightened regulatory compliance will be especially valuable as LSEB embarks on further domestic and international expansion, providing an additional layer of assurance for both existing and potential investors.
The upgrade process to OTCQB necessitates adherence to specific criteria to include: maintaining current reporting status, undergoing annual verification and certification, meeting a
"The purpose of uplisting to OTCQB is to broaden the Company's shareholder base and enhance the Company's visibility and transparency within the investment community, notably to institutional investors," stated Lauren Bentley, the Company's CEO. "We are confident that uplisting will significantly improve our access to capital and create more dynamic and efficient trading opportunities."
The OTCQB is a U.S. trading platform operated by the OTC Markets Group and is the premier venture marketplace for entrepreneurial and developing U.S. and international companies that are committed to providing a high-quality trading and information experience for their investors. The OTCQB provides key benefits for investors with efficient market standards, transparency, and visibility of companies on the OTCQB market. To be eligible, companies must meet high financial standards, be current in their financial reporting, follow best practice corporate governance, have a professional third-party sponsor introduction, demonstrate compliance with U.S. securities laws, and undergo an annual verification and management certification process.
For More Information See: OTCQB Eligibility Requirements https://www.otcmarkets.com/corporate-services/otcqx-otcqb
About LSEB Creative Corp.
LSEB Creative Corp (OTC PINK:LSEB) is a visionary new entrant in the fashion sector, dedicated to crafting timeless elegance and offering impeccable craftsmanship through its flagship brand, Lauren Bentley Swimwear. The Company sets the standard for sophistication and innovation in swimwear fashion, with a commitment to excellence and creativity.
Certain statements in this document that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of LSEB Creative Corp. to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to: (i) the Company's ability to obtain sufficient capital or a strategic business arrangement to fund its current operational or expansion plans; (ii) the Company's ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; and (iii) competitive factors and developments beyond the Company's control.
For more information, please contact:
LSEB Creative Corp.
Lauren Bentley, CEO
info@lsebcreative.com
laurenbentleyswim.com
Instagram: @laurenbentleyswim
Contact Information
Jordan Starkman
CFO
jstarkman@lsebcreative.com
647-328-8267
SOURCE: LSEB Creative Corp.
View the original press release on accesswire.com
FAQ
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