LSEB Creative Corp Announces Commencement of Application Process for Upgrade to OTCQB Marketplace

Rhea-AI Summary

LSEB Creative Corp. (OTC PINK:LSEB), a new entrant in the fashion sector, has announced its intention to upgrade from the Pink Open Market to the OTCQB Marketplace. This move signifies a commitment to more rigorous reporting requirements and enhanced transparency. The company, already an SEC reporting issuer, sees this as a natural progression that aligns with OTCQB standards.

The upgrade process involves meeting specific criteria, including maintaining current reporting status, annual verification, a $0.01 bid test, and having a public float exceeding 10% of total shares. LSEB anticipates a 4-8 week approval process. CEO Lauren Bentley stated that this uplisting aims to broaden the shareholder base, enhance visibility, and improve access to capital, particularly from institutional investors.

Positive

• Upgrading to OTCQB Marketplace, indicating company growth and improved status
• Potential for broader shareholder base and enhanced visibility to investors
• Improved access to capital, particularly from institutional investors
• Already meeting SEC reporting requirements, facilitating the upgrade process

Negative

• 4-8 week approval process may cause short-term uncertainty
• Additional compliance and reporting requirements may increase operational costs

TORONTO, ON / ACCESSWIRE / July 18, 2024 / LSEB Creative Corp. (OTC PINK:LSEB) (the "Company"), a visionary new entrant in the fashion sector, is pleased to announce that the Company will commence the application process to upgrade its trading platform 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 $0.01 bid test, non-bankruptcy status, having at least 50 beneficial shareholders, and a public float in excess of 10% of the total shares outstanding. Once the application is submitted, the Company anticipates the approval process to take four to eight weeks.

"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, LSEB Creative Corp continues to redefine the boundaries of style and luxury.

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, President
info@lsebcreative.com
laurenbentleyswim.com
Instagram: @laurenbentleyswim

SOURCE: LSEB Creative Corp

View the original press release on accesswire.com

FAQ

What is LSEB Creative Corp's plan to upgrade its trading platform?

LSEB Creative Corp (OTC PINK:LSEB) plans to upgrade from the Pink Open Market to the OTCQB Marketplace, which requires more rigorous reporting and offers enhanced visibility to investors.

What are the benefits for LSEB Creative Corp in upgrading to OTCQB?

Upgrading to OTCQB is expected to broaden LSEB's shareholder base, enhance visibility and transparency for investors, improve access to capital, and create more efficient trading opportunities.

What criteria does LSEB Creative Corp need to meet for the OTCQB upgrade?

LSEB must maintain current reporting status, undergo annual verification, meet a $0.01 bid test, have at least 50 beneficial shareholders, and have a public float exceeding 10% of total shares outstanding.

How long is the approval process expected to take for LSEB's OTCQB upgrade?

LSEB Creative Corp anticipates the approval process for upgrading to OTCQB will take approximately four to eight weeks after submitting the application.