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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 that OM Holdings International, Inc. (OTCQX: OMHI) has transitioned from the Pink market to the OTCQX® Best Market, effective January 4, 2022. This upgrade signifies that OMHI meets high financial standards and corporate governance practices, enhancing its visibility and liquidity among U.S. investors. CEO Mark Vanterpool expressed optimism about future growth, stating the company is well-positioned for expansion despite pandemic challenges. OMHI's operations focus on providing a multi-tenant on-demand technology platform for the Caribbean market.
OTC Markets Group has welcomed Centaurus Metals Ltd. (OTCQX: CTTZF), a nickel exploration company, to the OTCQX® Best Market. Centaurus began trading on OTCQX as of December 30, 2021, enhancing its visibility and transparency for U.S. investors. The company boasts a significant nickel resource of 80.6MT at 0.91% Ni, equating to 730,700 tonnes of contained nickel from its Jaguar Nickel Sulphide Project in Brazil. This listing allows Centaurus to align with high financial standards and governance practices, crucial amidst increasing demand for low-emission nickel.
On December 21, 2021, OTC Markets Group Inc. announced that Agilyx AS qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. Agilyx, a leader in advanced recycling of difficult-to-recycle plastics, begins trading under the symbol AGXXF. This upgrade enhances transparency and trading opportunities for U.S. investors, as qualified companies follow high financial standards and corporate governance. Agilyx aims to broaden its investor reach as it undertakes various international projects.
OTC Markets Group Inc. announced that Humble & Fume Inc. has upgraded to trade on the OTCQX Best Market from the Pink market, effective Dec. 7, 2021. The company, a leading cannabis distributor in North America, will trade under the symbol "HUMBF." The upgrade is aimed at providing transparent trading for U.S. investors, adhering to high financial standards and corporate governance. CEO Joel Toguri emphasized that this move will enhance accessibility to investors and support the company's growth plans.
OTC Markets Group Inc. has welcomed CloudMD Software & Services Inc (OTCQX: DOCRF) to the OTCQX® Best Market, enhancing its trading profile for U.S. investors. This upgrade allows CloudMD to utilize its home market reporting for greater transparency and compliance with established financial standards. The company focuses on revolutionizing healthcare delivery through technology and a patient-centric approach, currently serving a vast network of healthcare professionals across North America.
Playmaker Capital Inc. (TSX-V: PMKR; OTCQX: PMKRF), a Toronto-based digital sports media company, has upgraded to the OTCQX® Best Market from the Pink® market. This transition allows for more transparent trading for U.S. investors seeking access to the company. Playmaker's CEO, Jordan Gnat, highlighted the opportunity for greater investor participation in their sports-focused initiatives. The upgrade reflects compliance with high financial standards and corporate governance, enhancing Playmaker's visibility and credibility in the U.S. market.
OTC Markets Group Inc. announced that Coinshares International Limited (OTCQX: CNSRF) has qualified to trade on the OTCQX® Best Market, moving up from the Pink® market. This upgrade aims to enhance transparency for U.S. investors. Starting today, Coinshares International Limited's stock is available for trading under the symbol CNSRF. The company's CEO emphasized that this milestone supports their strategy to increase shareholder value and broaden access to the digital asset ecosystem.
OTC Markets Group Inc. (OTCQX: OTCM) has launched an upgraded version of its Qaravan platform, enhancing analytics for bank executives and regulators. The platform now provides comprehensive data on bank holding companies as well as OTC market data, improving coverage across public and private banking entities. Key features include customizable news feeds, live stock quotes, and historical data on mergers and acquisitions. This upgrade aims to offer a more intuitive user experience, with data formats accessible on OTCMarkets.com, benefiting over 100 OTCQX-traded banks.
OTC Markets Group reported third quarter 2021 gross revenues of $25.2 million, marking a 42% increase from the previous year. Operating income rose 77% to $9.7 million, and net income increased 68% to $7.5 million, leading to a quarterly diluted GAAP EPS of $0.62. The company declared a special dividend of $1.50 per share and a quarterly dividend of $0.18. Significant growth was noted in OTCQX and OTCQB market issuers, with total cash returned to shareholders at $2.1 million.
OTC Markets Group Inc. announced that IronRidge Resources Limited has upgraded to trading on the OTCQX Best Market from the Pink Market, effective November 8, 2021. This upgrade allows IronRidge to provide transparent trading for U.S. investors. The company’s CEO, Vincent Mascolo, emphasized the importance of this platform in reaching a broader investor audience, especially after their agreement with Piedmont Lithium Inc. to fast-track the Ewoyaa Lithium Project. Investors can find financial disclosures and quotes for IRRLF on OTC Markets.
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