OTC Markets Group Welcomes Verde Agritech Ltd. to OTCQX

Rhea-AI Summary

OTC Markets Group has announced that Verde Agritech (TSX: NPK; OTCQX: VNPKF) has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. This shift, effective May 29, 2024, aims to enhance visibility and accessibility to U.S. investors. Verde Agritech, an agricultural technology company specializing in multi-nutrient potassium fertilizers, now benefits from streamlined market standards and the ability to leverage their home market reporting for U.S. information availability. B. Riley Securities, Inc. served as the OTCQX sponsor. Verde's CEO Cristiano Veloso expects this upgrade to build shareholder value alongside their Toronto Stock Exchange listing.

Positive

• Verde Agritech upgraded to OTCQX Best Market, increasing visibility for U.S. investors.
• Qualification for OTCQX indicates high financial standards and compliance with securities laws.
• Streamlined market standards allow utilization of home market reporting for U.S. information.
• Expectation to build shareholder value through broader platform and increased accessibility.

Negative

• Potential cost increase associated with maintaining higher financial and corporate governance standards on OTCQX.
• Upgrading markets does not necessarily guarantee an improvement in stock performance.

NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Verde Agritech Ltd. (TSX: NPK; OTCQX: VNPKF), an agricultural technology company dedicated to advancing sustainable agriculture through the innovation of specialty multi-nutrient potassium fertilizers, has qualified to trade on the OTCQX® Best Market. Verde Agritech Ltd. upgraded to OTCQX from the Pink® market.

Verde Agritech Ltd. begins trading today on OTCQX under the symbol “VPNKF.” 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. B. Riley Securities, Inc. acted as the company’s OTCQX sponsor.

“Today we celebrate one more important milestone for Verde. By trading on OTCQX Best Market we expect to enhance the visibility and accessibility of the Company to U.S. investors, providing a broader platform to build shareholder value alongside our Toronto Stock Exchange listing," commented Cristiano Veloso, Verde’s Founder and CEO.

About Verde Agritech Ltd.

Verde AgriTech is dedicated to advancing sustainable agriculture through the innovation of specialty multi-nutrient potassium fertilizers. Our mission is to increase agricultural productivity, enhance soil health, and significantly contribute to environmental sustainability. Utilizing our unique position in Brazil, we harness proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Our commitment to carbon capture and the production of eco-friendly fertilizers underscores our vision for a future where agriculture contributes positively to the health of our planet.

For more information on how we are leading the way towards sustainable agriculture and climate change mitigation in Brazil, visit our website at https://verde.ag/en/home/.

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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

When did Verde Agritech begin trading on OTCQX?

Verde Agritech began trading on OTCQX on May 29, 2024.

What is the new trading symbol for Verde Agritech on the OTCQX market?

The new trading symbol for Verde Agritech on the OTCQX market is VNPKF.

What does upgrading to the OTCQX Best Market mean for Verde Agritech ?

Upgrading to the OTCQX Best Market means enhanced visibility and accessibility for U.S. investors, which can help build shareholder value.

Which company acted as the OTCQX sponsor for Verde Agritech ?

B. Riley Securities, Inc. acted as the OTCQX sponsor for Verde Agritech

What type of company is Verde Agritech ?

Verde Agritech is an agricultural technology company specializing in multi-nutrient potassium fertilizers aimed at sustainable agriculture.