OTC Markets Group Welcomes Tantalus Systems Holding Inc. to OTCQX
OTC Markets Group announced that Tantalus Systems Holding (TSX: GRID; OTCQX: TNTLF) has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. The company, which helps utilities modernize distribution grids through data technology, began trading under the symbol 'TNTLF' on February 11, 2025.
To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and comply with securities laws. For internationally listed companies, streamlined standards allow them to use home market reporting for U.S. information disclosure.
According to CEO Peter Londa, this move enhances U.S. investor access and transparency, particularly significant as the majority of Tantalus' utility customers and revenue comes from the United States. The cross-trading between TSX and OTCQX is expected to improve liquidity and shareholder value.
OTC Markets Group ha annunciato che Tantalus Systems Holding (TSX: GRID; OTCQX: TNTLF) ha ottenuto la qualifica per negoziare sul OTCQX® Best Market, passando dal mercato Pink®. L'azienda, che aiuta le utility a modernizzare le reti di distribuzione tramite la tecnologia dei dati, ha iniziato a scambiare con il simbolo 'TNTLF' l'11 febbraio 2025.
Per qualificarsi per OTCQX, le aziende devono soddisfare elevati standard finanziari, seguire le migliori pratiche di governance aziendale e rispettare le leggi sui titoli. Per le aziende quotate a livello internazionale, standard semplificati consentono di utilizzare la reportistica del mercato domestico per la divulgazione di informazioni negli Stati Uniti.
Secondo l'amministratore delegato Peter Londa, questa mossa migliora l'accesso e la trasparenza per gli investitori statunitensi, particolarmente significativa poiché la maggior parte dei clienti delle utility e dei ricavi di Tantalus proviene dagli Stati Uniti. La negoziazione incrociata tra TSX e OTCQX dovrebbe migliorare la liquidità e il valore per gli azionisti.
OTC Markets Group anunció que Tantalus Systems Holding (TSX: GRID; OTCQX: TNTLF) ha calificado para operar en el OTCQX® Best Market, mejorando desde el mercado Pink®. La empresa, que ayuda a las utilidades a modernizar las redes de distribución mediante tecnología de datos, comenzó a cotizar bajo el símbolo 'TNTLF' el 11 de febrero de 2025.
Para calificar para OTCQX, las empresas deben cumplir con altos estándares financieros, seguir las mejores prácticas de gobernanza corporativa y cumplir con las leyes de valores. Para las empresas listadas internacionalmente, los estándares simplificados les permiten utilizar los informes del mercado local para la divulgación de información en EE. UU.
Según el CEO Peter Londa, este movimiento mejora el acceso y la transparencia para los inversores estadounidenses, lo que es particularmente significativo ya que la mayor parte de los clientes de servicios públicos y los ingresos de Tantalus provienen de Estados Unidos. Se espera que el comercio cruzado entre TSX y OTCQX mejore la liquidez y el valor para los accionistas.
OTC 마켓 그룹은 탄탈루스 시스템 홀딩스(TSX: GRID; OTCQX: TNTLF)가 OTCQX® 베스트 마켓에서 거래할 자격을 갖추었으며, 핑크® 마켓에서 업그레이드되었음을 발표했습니다. 데이터 기술을 통해 공공 유틸리티가 배급망을 현대화하도록 지원하는 이 회사는 2025년 2월 11일 'TNTLF'라는 기호로 거래를 시작했습니다.
OTCQX에 자격을 갖추려면 기업은 높은 재무 기준을 충족해야 하며, 최선의 기업 거버넌스 관행을 따르고, 증권 법규를 준수해야 합니다. 국제적으로 상장된 기업의 경우, 간소화된 기준에 따라 미국 정보 공개를 위한 자국 시장 보고서를 사용할 수 있습니다.
CEO 피터 론다에 따르면, 이번 조치는 미국 투자자에 대한 접근성과 투명성을 높이며, 이는 탄탈루스의 주요 고객과 수익 대부분이 미국에서 나온다는 점에서 특히 중요합니다. TSX와 OTCQX 간의 교차 거래는 유동성과 주주 가치를 개선할 것으로 예상됩니다.
OTC Markets Group a annoncé que Tantalus Systems Holding (TSX: GRID; OTCQX: TNTLF) est qualifié pour négocier sur le OTCQX® Best Market, passant du marché Pink®. L'entreprise, qui aide les services publics à moderniser les réseaux de distribution grâce à la technologie des données, a commencé à négocier sous le symbole 'TNTLF' le 11 février 2025.
Pour se qualifier pour l'OTCQX, les entreprises doivent répondre à des normes financières élevées, suivre les meilleures pratiques en matière de gouvernance d'entreprise et se conformer aux lois sur les valeurs mobilières. Pour les entreprises cotées à l'international, des normes simplifiées leur permettent d'utiliser le reporting du marché local pour la divulgation d'informations aux États-Unis.
Selon le PDG Peter Londa, ce mouvement améliore l'accès et la transparence pour les investisseurs américains, ce qui est particulièrement significatif car la majeure partie de la clientèle et des revenus de Tantalus proviennent des États-Unis. Le commerce croisé entre TSX et OTCQX devrait améliorer la liquidité et la valeur pour les actionnaires.
OTC Markets Group hat bekannt gegeben, dass Tantalus Systems Holding (TSX: GRID; OTCQX: TNTLF) qualifiziert ist, auf dem OTCQX® Best Market zu handeln, und vom Pink®-Markt aufgestuft wurde. Das Unternehmen, das Versorgungsunternehmen bei der Modernisierung von Verteilungsnetzen durch Datentechnologie unterstützt, begann am 11. Februar 2025 unter dem Symbol 'TNTLF' zu handeln.
Um für OTCQX qualifiziert zu werden, müssen Unternehmen hohe finanzielle Standards erfüllen, bewährte Praktiken der Unternehmensführung befolgen und die Wertpapiergesetze einhalten. Für international gelistete Unternehmen ermöglichen vereinfachte Standards die Nutzung von Berichten des Heimatmarktes für die Offenlegung von Informationen in den USA.
Laut CEO Peter Londa verbessert dieser Schritt den Zugang und die Transparenz für US-Investoren, was besonders bedeutend ist, da der Großteil der Versorgungsunternehmen von Tantalus und der Umsatz aus den Vereinigten Staaten stammt. Der Cross-Trading zwischen TSX und OTCQX wird voraussichtlich die Liquidität und den Shareholder-Wert verbessern.
- Upgrade to OTCQX market provides enhanced visibility and access to U.S. investors
- Majority of revenue generated from U.S. market
- Cross-trading between TSX and OTCQX expected to improve stock liquidity
- None.
NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Tantalus Systems Holding Inc. (TSX: GRID; OTCQX: TNTLF), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, has qualified to trade on the OTCQX® Best Market. Tantalus Systems Holding Inc. upgraded to OTCQX from the Pink® market.
Tantalus Systems Holding Inc. begins trading today on OTCQX under the symbol “TNTLF.” 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.
“Accessing the OTCQX Market highlights Tantalus’ dedication to transparency and operational excellence while also strengthening our access to U.S. investors,” said Peter Londa, President & CEO of Tantalus. “Given that the vast majority of our utility customers and revenue is generated from the United States, we believe cross-trading between the TSX and OTCQX will enhance liquidity and reinforces our commitment to delivering long-term value for our shareholders.”
About Tantalus Systems Holding Inc.
Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. We offer a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements. Learn more at http://www.tantalus.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.
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