OTC Markets Group Welcomes CONX Corp. to OTCQX
OTC Markets Group announced that CONX Corp. has qualified to trade on the OTCQX Best Market, starting today under the symbols 'CNXX' and 'CNXXW'. Formerly traded on NASDAQ, CONX Corp. offers U.S. investors current financial disclosures and Real-Time Level 2 quotes on www.otcmarkets.com. The move to OTCQX provides efficient and cost-effective access to U.S. capital markets, with streamlined requirements aimed at reducing the costs and complexity of being publicly traded. Companies on OTCQX must meet high financial standards, adhere to best practice corporate governance, and comply with securities laws.
- CONX Corp. has qualified for the OTCQX Best Market, reflecting high financial standards.
- Trading on OTCQX offers cost-effective access to U.S. capital markets.
- Streamlined requirements on OTCQX can lower the complexity and costs of public trading.
- OTCQX provides transparent trading for investors, boosting confidence.
- CONX Corp. has moved from NASDAQ to OTCQX, often seen as a downgrade in market stature.
- Potential investor concerns about liquidity and trading volume on OTCQX compared to NASDAQ.
NEW YORK, May 24, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced CONX Corp. (OTCQX: CNXX; CNXXW) has qualified to trade on the OTCQX® Best Market. CONX Corp. previously traded on NASDAQ.
CONX Corp. begins trading today on OTCQX under the symbols “CNXX” and “CNXXW.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
About CONX Corp.
CONX Corp. was incorporated in Nevada on August 26, 2020. CONX derives revenues primarily from rent received from its operation of real estate property. In addition, CONX anticipates to grow through acquisition opportunities, including, but not limited to, disruptive technologies and additional infrastructure assets.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
FAQ
What are the new trading symbols for CONX Corp. on OTCQX?
Where can investors find financial disclosures for CONX Corp. after the move to OTCQX?
Why did CONX Corp. move from NASDAQ to OTCQX?
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