OTC Markets Group Welcomes Norse Atlantic Airways to OTCQX

Rhea-AI Summary

OTC Markets Group Inc. (OTCM) announced that Norse Atlantic Airways has upgraded to trade on the OTCQX Best Market from the Pink market, effective today. This move facilitates transparent trading for U.S. investors, allowing access to financial disclosures and real-time quotes. CEO Bjorn Tore Larsen expressed optimism about attracting U.S. investors to support affordable transatlantic travel. Norse Atlantic operates a fleet of 15 Boeing 787 Dreamliners, with flights connecting four U.S. gateways to Europe.

Positive

• Norse Atlantic Airways upgraded to OTCQX Best Market from Pink market, enhancing investor access.
• Company operates a modern fleet of 15 Boeing 787 Dreamliners, promoting sustainability.
• Launch of operations from four U.S. gateways to Europe, indicating market expansion.

Negative

• None.

NEW YORK, Sept. 22, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Norse Atlantic Airways (Oslo Bors: NORSE; OTCQX: NRSAF), a new long-haul airline offering affordable flights on transatlantic routes, has qualified to trade on the OTCQX® Best Market. Norse Atlantic Airways upgraded to OTCQX from the Pink® market.

Norse Atlantic Airways begins trading today on OTCQX under the symbol “NRSAF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

“We are very pleased to have begun trading on the OTCQX Market. This will allow both large and small US investors to more easily trade in Norse Atlantic Airways and be part of our journey to democratize long haul transatlantic travel by offering affordable fares and high quality on board experience. The company is now operating a full summer schedule from four US gateways to Norway, the United Kingdom and Germany. Operations from the US to Paris will be announced soon,” said Bjorn Tore Larsen, CEO of Norse Atlantic Airways.

Arctic Securities acted as the company’s OTCQX sponsor.

About Norse Atlantic Airways
Norse Atlantic Airways is a new airline that offers affordable fares on long-haul flights, primarily between Europe and the United States. The company was founded by CEO and major shareholder Bjørn Tore Larsen in March 2021. Norse has a fleet of 15 modern, fuel-efficient and more environmentally friendly Boeing 787 Dreamliners that will serve destinations including New York, Los Angeles, Fort Lauderdale, Orlando, Oslo, London, Berlin and Paris. The company's first flight took off from Oslo to New York on June 14, 2022.

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 Contacts:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
Norse Atlantic Airways, media@flynorse.com
Norse Atlantic Airways Investor relations, investor.relations@flynorse.com

FAQ

What does the upgrade to OTCQX mean for Norse Atlantic Airways?

The upgrade to OTCQX allows Norse Atlantic Airways to provide U.S. investors with a more transparent trading environment and easier access to their securities.

When did Norse Atlantic Airways begin trading on OTCQX?

Norse Atlantic Airways began trading on the OTCQX Best Market on September 22, 2022.

What symbol does Norse Atlantic Airways trade under on OTCQX?

Norse Atlantic Airways trades under the symbol 'NRSAF' on the OTCQX market.

What are the routes operated by Norse Atlantic Airways from the U.S.?

Norse Atlantic Airways operates flights from four U.S. gateways to destinations including Norway, the UK, and Germany, with a Paris route to be announced soon.

What is the significance of the OTCQX market for investors?

The OTCQX market provides a regulated platform for trading, ensuring that listed companies meet high financial and governance standards.