Welcome to our dedicated page for OTC MARKETS GROUP A news (Ticker: OTCM), a resource for investors and traders seeking the latest updates and insights on OTC MARKETS GROUP A stock.
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 (OTCQX: OTCM) has announced that Slam Corp. (OTCQX: SLAMF), a special purpose acquisition company led by Alex Rodriguez, has qualified to trade on the OTCQX® Best Market. Slam Corp. has transitioned from NASDAQ to OTCQX, where it begins trading its Class A Ordinary Shares, Units, and Warrants under the symbols SLAMF, SLMUF, and SLMWF, respectively.
The OTCQX Market provides companies with efficient and cost-effective access to U.S. capital markets, offering streamlined requirements designed to reduce complexity while ensuring transparency for investors. To qualify, companies must meet high financial standards, follow best practice corporate governance, and comply with applicable securities laws.
OTC Markets Group Inc. (OTCQX: OTCM) has officially launched OTC Overnight, expanding global market access for a select group of active securities. Trading is now available Sunday through Thursday from 8 PM to 4 AM Eastern Time. This launch responds to increasing client demand for OTC Markets' unique set of global securities priced in U.S. Dollars.
OTC Overnight enhances market accessibility, transparency, and data coverage for OTC markets. Broker-dealer subscribers can efficiently add overnight trading capabilities using existing infrastructure. The initial launch includes liquid ADRs of global companies like adidas, Heineken, and Roche Holding, as well as ordinary shares of companies such as Bombardier and Air Canada Inc.
The company plans to expand the offering to additional securities in the near future, positioning itself as a global market meeting the needs of investors, broker-dealers, and issuers.
OTC Markets Group Inc. (OTCQX: OTCM) has announced that Velo3D, Inc. (OTCQX: VLDX), a three-dimensional printer producer, has qualified to trade on the OTCQX® Best Market. Velo3D, previously listed on the New York Stock Exchange, began trading on OTCQX on September 11, 2024, under the symbol 'VLDX'. The OTCQX Market provides companies with efficient and cost-effective access to U.S. capital markets, offering streamlined requirements designed to reduce costs and complexity for publicly traded companies while ensuring transparent trading for investors.
To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Investors can find current financial disclosures and Real-Time Level 2 quotes for Velo3D on www.otcmarkets.com.
Velo3D, Inc. (OTCQX: VLDX), a leader in scalable metal 3D printing technology for production manufacturing, has announced the anticipated commencement of trading on the OTCQX® Best Market under the symbol 'VLDX'. The company previously traded on the New York Stock Exchange.
The OTCQX Best Market provides efficient and cost-effective access to U.S. capital markets for over 12,000 companies. It offers streamlined market requirements designed to reduce costs and complexity for publicly traded companies while ensuring transparent trading for investors. To qualify, companies must meet high financial standards, follow best practice corporate governance, and comply with applicable securities laws.
OTC Markets Group Inc. (OTCQX: OTCM) has announced that Allied Gold Corp. (TSX: AAUC; OTCQX: AAUCF) has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. Allied Gold, based in Toronto, Canada, begins trading on OTCQX under the symbol 'AAUCF' on September 9, 2024. This upgrade provides transparent trading for U.S. investors and allows the company to utilize its home market reporting to make 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. Peter Marrone, Chairman and CEO of Allied Gold, expressed enthusiasm about the upgrade, stating it will allow a broader set of shareholders to invest while improving trading liquidity and unlocking value. JWTT Inc. acted as the company's OTCQX sponsor.
OTC Markets Group Inc. (OTCQX: OTCM) has announced the integration of EDGAR Online's (EOL) SEC and OTC financials data set into Nasdaq Data Link®, Nasdaq's cloud-based data distribution platform. This move provides subscribers with access to comprehensive financial data for all SEC and OTC reporting issuers. EOL Financial Data will be standardized for seamless integration into firms' processes.
EDGAR Online, a wholly owned subsidiary of OTC Markets Group, offers historical data dating back to 1999 for SEC issuers and 2012 for OTC issuers. The integration enhances accessibility to this unique and comprehensive financials data on a global scale, benefiting the over 900,000 users of Nasdaq Data Link®.
OTC Markets Group Inc. (OTCQX: OTCM) announced that Independence Contract Drilling Inc (OTCQX: ICDI) has qualified to trade on the OTCQX® Best Market. ICDI, a provider of contract drilling services for oil and natural gas producers, previously traded on the New York Stock Exchange. The company's stock began trading on OTCQX on August 29, 2024, under the symbol 'ICDI'.
Trading on the OTCQX Market offers companies efficient, cost-effective access to U.S. capital markets with streamlined requirements designed to reduce costs and complexity while maintaining transparency for investors. To qualify, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
OTC Markets Group Inc. (OTCQX: OTCM) has announced that Breeze Holdings Acquisition Corp. (OTCQX: BRZH), a blank check company, has qualified to trade on the OTCQX® Best Market. Breeze Holdings previously traded on NASDAQ. The company's common stock and public warrants began trading on OTCQX under the symbols 'BRZH' and 'BRZHW' respectively on August 21, 2024.
Trading on OTCQX offers companies efficient, cost-effective access to U.S. capital markets with streamlined requirements designed to reduce costs and complexity while ensuring transparent trading for investors. To qualify, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with securities laws.
OTC Markets Group (OTCQX: OTCM) reported its Q2 2024 financial results, showing modest growth. Gross revenues increased 1% to $27.6 million, while operating income decreased 2% to $8.1 million. Net income fell 3% to $6.7 million, with diluted EPS at $0.56. The company declared a quarterly dividend of $0.18 per share.
Key highlights include:
- OTC Link revenues up 12% due to higher trading volumes
- Market Data Licensing revenues up 1%
- Corporate Services revenues down 3%
- 569 OTCQX and 1,085 OTCQB companies at quarter end
- 114 subscribers to OTC Link ECN, up 10 from previous year
- Announcement of upcoming OTC Overnight trading service
OTC Markets Group Inc. (OTCQX: OTCM) has announced that TC Bancshares, Inc. (OTCQX: TCBC), the holding company for TC Federal Bank, has qualified to trade on the OTCQX® Best Market. TC Bancshares previously traded on NASDAQ and began trading on OTCQX on August 2, 2024, under the symbol 'TCBC'. The OTCQX Market allows U.S. regional and community banks to reduce costs and complexity associated with being a public company through streamlined market standards.
To qualify for OTCQX, banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with securities laws. Greg Eiford, CEO of TC Bancshares, expressed enthusiasm about the move, stating that the board believes the transition to OTCQX will benefit both the company and its shareholders.
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