OTC Markets Group Welcomes Drive Shack Inc. to OTCQX

Rhea-AI Summary

OTC Markets Group Inc. (OTCM) has announced that Drive Shack Inc. has qualified to trade on the OTCQX Best Market, previously listed on the New York Stock Exchange. Starting today, Drive Shack trades under the symbols DSHK, DSHKP, DSHKN, and DSHKO. This transition to OTCQX aims to offer a cost-effective and efficient way for companies to access U.S. capital markets while ensuring compliance with high financial standards and corporate governance. Drive Shack operates golf-related leisure businesses including American Golf, Drive Shack, and Puttery.

Positive

• Drive Shack Inc. has qualified to trade on the OTCQX Best Market.
• Transitioning from NYSE to OTCQX may reduce costs and complexities for Drive Shack.
• OTCQX provides a platform with high financial standards and corporate governance.

Negative

• None.

NEW YORK, Jan. 31, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Drive Shack Inc. (OTCQX: DSHK, DSHKP, DSHKN, DSHKO), a leading owner and operator of golf-related leisure and entertainment businesses, has qualified to trade on the OTCQX® Best Market. Drive Shack Inc. previously traded on the New York Stock Exchange.

Drive Shack Inc. begins trading today on OTCQX under the symbols “DSHK, DSHKP, DSHKN, DSHKO.” 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 Drive Shack Inc.
Drive Shack Inc. is a leading owner and operator of golf-related leisure and entertainment businesses focused on bringing people together through competitive socializing. Today, our portfolio consists of American Golf, Drive Shack and Puttery.

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 is the significance of Drive Shack Inc. trading on OTCQX?

Trading on OTCQX signifies that Drive Shack has met high financial standards and corporate governance requirements, potentially reducing costs and complexity of being publicly traded.

When did Drive Shack start trading on OTCQX?

Drive Shack began trading on OTCQX on January 31, 2023.

What symbols is Drive Shack Inc. trading under on OTCQX?

Drive Shack Inc. is trading under the symbols DSHK, DSHKP, DSHKN, and DSHKO on OTCQX.

What are the benefits of OTCQX for investors?

OTCQX offers transparent trading, efficient access to capital markets, and compliance with high financial and governance standards, which can enhance investor confidence.