OTC Markets Group Welcomes Unit Corp. to OTCQX

Rhea-AI Summary

OTC Markets Group Inc. (OTCM) announced that Unit Corporation (OTCQX: UNTC) has successfully transitioned to the OTCQX Best Market, moving up from the Pink market. This upgrade allows Unit Corporation to enhance its visibility among U.S. investors and signifies compliance with high financial standards and corporate governance practices. Trading under the symbol 'UNTC' commenced on February 15, 2023. The OTCQX Market is designed to provide a premium platform for investor-focused companies, ensuring better access to financial markets. B. Riley Securities, Inc. served as Unit Corporation's OTCQX sponsor.

Positive

• Unit Corporation upgraded from Pink market to OTCQX Best Market, enhancing visibility and credibility.
• The transition signifies compliance with high financial standards and best practices in corporate governance.

Negative

• None.

NEW YORK, Feb. 15, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Unit Corporation (OTCQX: UNTC), a diversified energy company, has qualified to trade on the OTCQX® Best Market. Unit Corporation upgraded to OTCQX from the Pink® market.

Unit Corporation begins trading today on OTCQX under the symbol “UNTC.” 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.

B. Riley Securities, Inc. acted as the company’s OTCQX sponsor.

About Unit Corp.
Unit Corporation is a diversified energy company engaged through its subsidiaries in the exploration for and production of oil and natural gas, the acquisition of producing oil and natural gas properties, the contract drilling of onshore oil and natural gas wells, and the gathering and processing of natural gas.

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 does the upgrade to OTCQX mean for Unit Corporation (OTCQX: UNTC)?

The upgrade to OTCQX signifies that Unit Corporation meets higher financial standards, enhancing its credibility and visibility among U.S. investors.

When did Unit Corporation start trading on OTCQX?

Unit Corporation began trading on OTCQX on February 15, 2023.

What is the significance of trading on OTCQX for investors?

Trading on OTCQX provides investors with a premium market for better access to information and trading opportunities for investor-focused companies.

Who sponsored Unit Corporation's transition to OTCQX?

B. Riley Securities, Inc. acted as the OTCQX sponsor for Unit Corporation.