OTC Markets Group Welcomes Guerrilla RF, Inc. to OTCQX

Rhea-AI Summary

OTC Markets Group Inc. (OTCM) announced that Guerrilla RF, Inc. has successfully upgraded to the OTCQX Best Market from the Pink market. Trading under the symbol “GUER,” Guerrilla RF is recognized for its high-performance monolithic microwave integrated circuits (MMICs) aimed at several sectors, including 5G and military communications. This transition is expected to enhance the company's visibility and access to U.S. investors, following strict financial and governance standards set by OTCQX. The Benchmark Company acted as the OTCQX sponsor.

Positive

• Successful upgrade to OTCQX Best Market enhances visibility and credibility.
• Guerrilla RF meets high financial standards and governance requirements.
• Increased access to capital markets for Guerrilla RF.

Negative

• None.

NEW YORK, May 13, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Guerrilla RF, Inc. (OTCQX: GUER), a fabless semiconductor company based in Greensboro, North Carolina, has qualified to trade on the OTCQX® Best Market. Guerrilla RF, Inc. upgraded to OTCQX from the Pink® market.

Guerrilla RF, Inc. begins trading today on OTCQX under the symbol “GUER.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

The OTCQX Market provides investors with a premium U.S. public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

Ryan Pratt shared, “Guerrilla RF is proud to have met the stringent requirements of OTC Markets’ premier OTCQX tier. We anticipate this qualification will provide the Company greater visibility and exposure to a larger investing community; providing the Company with better access to capital markets.”

The Benchmark Company acted as the company’s OTCQX sponsor.

About Guerrilla RF, Inc.
Founded in 2013 and based in Greensboro, NC, Guerrilla RF develops and manufactures high performance monolithic microwave integrated circuits (MMICs) to wireless OEMs in multiple market segments – including 5G/4G macro and small cell base stations, cellular repeaters/DAS, automotive telematics such as SDARS/V2X/GPS/DAB, mission-critical military communications, navigation, and high-fidelity wireless audio. To date, the Company has shipped over 100 million devices and has repeatedly been included in Inc. Magazine's annual Inc. 5000 list. Guerrilla RF recently made the top Inc. 500 list for the second year in a row, coming in at No. 421 and 489 for the 2020 and 2021 rankings, respectively. For more information, please visit https://guerrilla-rf.com/.

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 Guerrilla RF's upgrade to OTCQX?

The upgrade to OTCQX signifies that Guerrilla RF has met stringent financial and governance standards, enhancing its visibility and access to a broader investor community.

When did Guerrilla RF start trading on OTCQX?

Guerrilla RF began trading on the OTCQX Best Market on May 13, 2022, under the symbol 'GUER.'

What is OTC Markets Group Inc. known for?

OTC Markets Group Inc. operates regulated markets for trading thousands of securities, facilitating efficient access to the U.S. financial markets.

How will Guerrilla RF benefit from being on OTCQX?

Being on OTCQX will provide Guerrilla RF greater visibility and potentially better access to capital markets due to its new standing among U.S. investors.

Who sponsored Guerrilla RF's OTCQX application?

The Benchmark Company acted as Guerrilla RF's sponsor during its upgrade to the OTCQX Best Market.