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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) has announced that Standard Premium Finance Holdings, Inc. (SPFX), a premium finance company, has qualified to trade on the OTCQX Best Market. This marks a significant milestone for SPFX, which was previously privately held. The company begins trading today under the symbol SPFX, offering premium finance solutions to businesses and individuals, with annual loan originations of approximately $100 million. The OTCQX Market provides price transparency and helps companies maximize the value of being public through high financial standards and corporate governance.
OTC Markets Group Inc. (OTCM) announced that Givex Information Technology Group Limited has begun trading on the OTCQX Best Market under the symbol “GIVXF.” This move allows U.S. investors access to Givex's financial disclosures and encourages trading through a cost-effective platform. CEO Don Gray highlighted the company's growth and profitability, and how this transition broadens their investor base. Givex, integrated with over 1,000 partners, supports approximately 96,000 locations worldwide. Nauth LPC acted as the OTCQX sponsor for the company.
OTC Markets Group Inc. (OTCM) announced that PLAY MAGNUS AS (OTCQX: PMGMF) has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. This upgrade enhances transparency and accessibility for U.S. investors. CEO Andreas Thome expressed excitement about the U.S. market's potential for chess growth, allowing more investors to participate. The Play Magnus Group offers innovative digital brands in chess education and entertainment through platforms like Chessable and chess24. The upgrade is significant for companies meeting high financial and governance standards.
OTC Markets Group Inc. (OTCM) has signed a definitive agreement to acquire the assets of Blue Sky Data Corp, enhancing its compliance data offerings related to state securities laws. This strategic acquisition is expected to close around May 2, 2022. By integrating Blue Sky Data's unique data set, OTC Markets aims to improve services for broker-dealers and public companies, streamlining secondary trading compliance. The investment will also expand OTC Markets' subscriber base, providing a comprehensive view of Blue Sky secondary trading compliance data.
Whitehorse Gold Corp. (OTC: WHGDF) has officially graduated to the OTCQX Best Market, enhancing its visibility and trading liquidity for U.S. investors. Trading begins today, March 16, 2022, as part of OTC Markets Group Inc. initiatives, which include maintaining high financial standards and corporate governance. CEO Gordon Neal stated that this transition aids in promoting the Skukum Gold Project in Yukon, Canada, while also benefiting shareholders through better market access. The move aims to attract more global investors.
OTC Markets Group Inc. (OTCM) announces Western Exploration Inc. (WEXPF) has qualified to trade on the OTCQX Best Market. Trading begins today, upgrading from the Pink Market where WEXPF was previously listed. This move enables Western Exploration to access U.S. capital markets efficiently and comply with high financial standards. CEO Darcy Marud expressed confidence that the upgrade will enhance shareholder value and support corporate objectives. Western Exploration focuses on precious metals exploration in Nevada, notably the Aura gold-silver project.
OTC Markets Group reported strong financial results for FY 2021, with gross revenues of $102.9 million, a 45% increase from 2020. Operating income rose 77% to $38.0 million, while net income soared 67% to $30.5 million, resulting in a 65% increase in GAAP diluted EPS to $2.52. In Q4, gross revenues reached $26.2 million, up 32% year-over-year. The company returned $27.0 million to shareholders, marking a 49% growth in cash distributions. A quarterly cash dividend of $0.18 per share was announced for March 31, 2022.
Khiron Life Sciences Corp. (OTCQX: KHRNF) invites investors to attend a live presentation on March 10, 2022, at 11:30 AM ET via VirtualInvestorConferences.com. CEO Alvaro Torres will present and engage with attendees in real-time. A recorded version will be available post-event. Investors are encouraged to pre-register for updates and system checks. Khiron operates in Latin America and Europe, focusing on medical cannabis, with a sales presence across various countries.
On March 3, 2022, OTC Markets Group Inc. announced that Freeman Gold Corp. has upgraded to the OTCQX Best Market from the OTCQB Venture Market. This transition allows Freeman to trade under the symbol FMANF. The OTCQX Market is designed for established companies that meet high financial standards and governance practices. Freeman Gold is focused on its 100% owned Lemhi Gold property, aimed at advancing its high-grade oxide gold resource towards production.
OTC Markets Group Inc. (OTCM) will announce its financial results for Q4 and fiscal year 2021 on March 9, 2022. The report will follow the U.S. capital markets close. A conference call and webcast will be held on March 10, 2022, at 8:30 a.m. ET, where management will discuss the results in detail. Participants can dial in or access the webcast via provided links. The earnings release and related materials will be available on the investor relations section of OTC Markets' website.
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