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OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Their data-driven disclosure standards form the foundation of their three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market. Through their OTC Link® Alternative Trading Systems (ATSs), the company provides critical market infrastructure relied upon by broker-dealers to facilitate trading. This innovative model offers companies more efficient access to the U.S. financial markets.
OTC Markets Group is committed to enhancing market transparency, boosting investor confidence, and improving the efficiency of trading processes. Their recent financial results for Q1 2024 reflect a strong focus on enhancing trading functionality, investor information, and market integrity. The company continues to invest in its people, platforms, and processes to build a more resilient and scalable organization, aligning operating costs with revenue generation to deliver value to shareholders.
Recent achievements include the successful sponsorship of companies like Horizon Copper and Roth CH Acquisition Co., which have commenced trading on the OTCQX Market. These companies benefit from streamlined market standards that allow them to utilize their home market reporting to make their information available to U.S. investors. OTC Markets Group also supports companies, such as Marpai, Inc. and American Oncology Network, Inc., transitioning from Nasdaq to OTCQX, ensuring continued visibility and compliance with high financial standards.
With a focus on creating better informed and more efficient markets, OTC Markets Group continues to evolve and expand its services, building on a foundation of transparency and regulatory compliance. For more information, visit www.otcmarkets.com.
OTC Markets Group Inc. (OTCM) announced on February 16, 2023, that Reed’s, Inc. (OTCQX: REED), known for its premium ginger beverages, has qualified to trade on the OTCQX Best Market after previously trading on NASDAQ. Reed’s begins trading under the symbol REED today. This move is anticipated to provide a cost-effective access to capital markets, with streamlined requirements designed to enhance transparency for investors. Reed’s CEO, Norman E. Snyder, expressed optimism about the transition, emphasizing a focus on operations and profitability improvements in 2023.
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.
On February 14, 2023, OTC Markets Group Inc. announced that FFBW, Inc., the holding company for First Federal Bank of Wisconsin, has transitioned to trade on the OTCQX Best Market under the symbol 'FFBW.' Previously listed on NASDAQ, FFBW aims to leverage the OTCQX platform's streamlined standards for community banks. This move is expected to reduce costs and enhance shareholder visibility. Edward H. Schaefer, President and CEO of FFBW, expressed optimism about the benefits of this partnership. Investors can access current financial disclosures and real-time trading quotes on OTC Markets.
OTC Markets Group Inc. (OTCM) announced that Autoscope Technologies Corporation (AATC) has qualified to trade on the OTCQX Best Market, transitioning from NASDAQ. The trading began on February 10, 2023, allowing U.S. investors to access real-time financial disclosure and quotes. OTCQX offers cost-effective market access and imposes high financial standards and best practices for companies. Frank Hallowell, Interim CEO of Autoscope, expressed excitement about this move, anticipating reduced expenses and a focus on growth, ultimately benefiting shareholders. Autoscope specializes in above-ground detection technology for transportation safety and efficiency.
OTC Markets Group Inc. (OTCQX: OTCM) announced that Cincinnati Bancorp, Inc. (OTCQX: CNNB) has qualified to trade on the OTCQX® Best Market after transitioning from NASDAQ. Trading began on February 6, 2023, allowing Cincinnati Bancorp to provide better visibility and access to investors. The OTCQX Market is designed to simplify the public company experience for regional and community banks by meeting high financial standards and corporate governance. Piper Sandler & Co. served as the OTCQX sponsor for Cincinnati Bancorp, which operates multiple branches in Greater Cincinnati and Florence, Kentucky.
OTC Markets Group Inc. (OTCM) has announced that Drive Shack Inc. has qualified to trade on the OTCQX Best Market, previously listed on the New York Stock Exchange. Starting today, Drive Shack trades under the symbols DSHK, DSHKP, DSHKN, and DSHKO. This transition to OTCQX aims to offer a cost-effective and efficient way for companies to access U.S. capital markets while ensuring compliance with high financial standards and corporate governance. Drive Shack operates golf-related leisure businesses including American Golf, Drive Shack, and Puttery.
On January 25, 2023, M.O.B.A. Network (OTC: MOBNF) upgraded to the OTCQX Best Market from the Pink Market, enabling U.S. investors to trade their shares more transparently. The upgrade enhances M.O.B.A.'s visibility among North American investors and opens opportunities for future equity acquisitions. The company operates popular web-based gaming communities and generates revenue through advertising and video sales. B. Riley Securities sponsored the upgrade, ensuring compliance with stringent financial and governance standards required by OTCQX.
On January 20, 2023, American Battery Technology Company (OTCQX: ABML) announced its upgrade to the OTCQX Best Market from the OTCQB Venture Market. This transition enables the company to enhance its visibility and attract a broader investor base. The OTCQX Market is known for its stringent financial and governance standards, which ABML has met. CEO Ryan Melsert emphasized that this milestone reflects the company's improved governance and focus on commercial growth. American Battery Technology Company specializes in low-cost and environmentally friendly battery materials, catering to the electric vehicle and consumer electronics sectors.
OTC Markets Group Inc. (OTCM) reported its fourth quarter 2022 performance, highlighting a 15.6% increase in the OTCQX Composite Index. During this period, 43 new companies joined the index, while 42 were removed. The OTCQX Billion+ Index rose by 16.2%, with three new additions. The OTCQX Dividend Index reported a 17.3% increase, adding 12 companies. However, the OTCQX U.S. Index fell by 8.8%, despite welcoming 18 new companies. The OTCQX Cannabis Index suffered a notable decline of 24.7%. Overall, the quarterly rebalancing indicates strong performance in certain sectors while revealing weakness in others, particularly in the cannabis and U.S. markets.
OTC Markets Group Inc. (OTCM) has announced that Premium Nickel Resources Ltd. (PNRLF) has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. This upgrade signifies an important step for PNRL to provide transparent trading for U.S. investors. To qualify, PNRL met high financial standards, adhered to best practices in corporate governance, and complied with securities laws. PNRL specializes in developing nickel-copper-cobalt resources, an essential component in the shift towards a low-carbon economy. The company's flagship asset, the Selebi Mine, is undergoing a work plan that includes diamond drilling.
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