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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.
TraWell Co SPA has begun trading on the OTCQX Best Market under the symbol TRWAF. This milestone follows its qualification to trade, enhancing access to U.S. capital markets for international firms. TraWell generates 50% of its revenues from America and reported a net result of $2 million in the first half of 2022. The company is expanding its airport retail services, which include baggage wrapping and travel accessories, operating 110 sales points across 12 countries. For further details, investors can check www.otcmarkets.com.
Westbridge Renewable Energy Corp. (OTCQX: WEGYF) has officially transitioned to the OTCQX Best Market from the OTCQB Venture Market, which commenced trading on November 30, 2022. This upgrade signals compliance with rigorous financial standards and corporate governance, helping to enhance visibility among U.S. investors. Executive Chair Scott M. Kelly highlighted that this milestone aligns with their goal of optimizing access and liquidity for investors, especially following the recent passing of the Inflation Reduction Act. The company has a substantial portfolio of solar PV projects and battery storage capacity in the U.S. renewable energy market.
OTC Markets Group (OTCM) reported third quarter 2022 gross revenues of $25.9 million, a 3% increase year-over-year. Operating income declined 7% to $9.0 million, with a profit margin of 35.9%, down from 39.5%. Net income fell 5% to $7.2 million, leading to a diluted GAAP EPS of $0.60. A special cash dividend of $1.50 per share was announced, alongside a quarterly dividend of $0.18. The company successfully completed its acquisition of EDGAR® Online, enhancing its data and service offerings.
OTC Markets Group (OTCM) announced the acquisition of EDGAR Online, a supplier of real-time SEC regulatory data, from Donnelley Financial. This acquisition enhances OTCM's market transparency and operational efficiency, allowing it to offer a more comprehensive view of public companies and their securities. The deal includes assets like proprietary technology and customer contracts. Executive VP Matt Fuchs emphasized that this move supports their commitment to driving regulatory compliance and improving financial data offerings.
OTC Markets Group Inc. (OTCM) announced that Oakworth Capital, Inc. (OAKC) has qualified to trade on the OTCQX Best Market, effective today. This market is designed for U.S. regional and community banks, providing enhanced transparency and a more efficient trading platform. Oakworth, which offers commercial and private banking services, reported substantial assets totaling $1.2 billion and impressive customer metrics, including a Net Promoter Score of 96. CEO Scott Reed expressed enthusiasm for this advancement in their growth strategy.
OTC Markets Group Inc. (OTCM) announced it will disclose its financial results for Q3 2022 on November 14, 2022, following the U.S. market close. A conference call will take place on November 15, 2022, at 8:30 a.m. ET, where management will discuss the results in detail. Interested participants can access the call and webcast online. The earnings release and related documents will be available on the company's Investor Relations website. OTC Markets operates regulated markets for over 12,000 securities, providing critical market infrastructure for broker-dealers.
OTC Markets Group Inc. (OTCM) announced the inclusion of South Carolina and Puerto Rico in its Blue Sky map, marking the 38th state and the first territory to acknowledge its premium markets for secondary trading. This expansion reflects OTC Markets' efforts to enhance value for public companies, broker-dealers, and investors. The company has integrated Blue Sky Data Corp. into its systems, offering a comprehensive view of secondary trading compliance. Blue Sky laws ensure investors access accurate company information, facilitating informed decisions in the securities market.
Aura Minerals Inc. has successfully upgraded to the OTCQX® Best Market, trading under the symbol 'ORAAF,' enhancing access for U.S. investors. This move follows significant transformations over five years, contributing to sustainable growth and a high dividend yield in the gold sector. The upgrade is aimed at providing transparent trading and aligns with Aura's strategy to broaden market exposure, adding to its existing robust shareholder base. The company operates key mining assets across the Americas, including in Brazil and Honduras.
OTC Markets Group Inc. announced that Dream Residential Real Estate Investment Trust has begun trading on the OTCQX Best Market under the symbol “DRREF.” This unincorporated real estate investment trust owns 16 multi-residential properties across the Sunbelt and Midwest regions of the U.S., totaling 3,432 units. The upgrade from the Pink Market to OTCQX is significant for providing transparent trading for U.S. investors, meeting high financial standards and corporate governance.
Southern Energy Corp. has upgraded to the OTCQX Best Market from the Pink market, beginning trading on October 14, 2022, under the symbol SOUTF. The upgrade enhances transparency and access for U.S. investors. Southern Energy focuses on natural gas and light oil resources in the southeastern Gulf States, aiming to unlock shareholder value through a development drilling program in Gwinville. This transition to OTCQX underscores the company’s commitment to high financial standards and corporate governance.
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