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 Inc. (OTCQX: OTCM) has announced its upcoming second quarter 2024 earnings release and conference call schedule. The company will report financial results for the quarter ended June 30, 2024, after U.S. market close on Wednesday, August 7, 2024. A conference call and webcast are scheduled for Thursday, August 8, 2024, at 8:30 a.m. ET, where management will provide detailed insights into the financial performance.
Investors and analysts can access the webcast and management presentation via a provided link, with replay available until August 7, 2025. For those wishing to participate in the Q&A session, pre-registration is required to receive dial-in details. The quarterly report, earnings release, call transcript, and management presentation will be accessible on the OTC Markets Group website's Investor Relations section.
OTC Markets Group Inc. (OTCQX: OTCM) has announced the Q2 2024 performance and rebalancing of its OTCQX and OTCQB indexes. The OTCQX Composite Index rose 1%, while the OTCQX Billion+ Index increased 1.1%. The OTCQX Dividend Index gained 0.9%, but the OTCQX Banks Index fell 0.7%. The OTCQX International Index declined 1%, and the OTCQX Canada Index dropped 0.4%. The OTCQX U.S. Index decreased 3.1%, while the OTCQX Cannabis Index saw a significant 23.4% decline. The OTCQB Venture Index fell 6.1%.
Several companies moved to major exchanges, including Solarbank Corp (SUUN) to NASDAQ and Hafnia (HAFN) to NYSE. Index rebalancing occurred with additions and removals across all indexes. The indexes are market capitalization-weighted and adjusted quarterly, with real-time pricing available on OTC Markets Group's website and major financial data platforms.
OTC Markets Group Inc. (OTCQX: OTCM) has announced a new data distribution partnership with uSMART Securities, a Hong Kong-based fintech brokerage firm. This collaboration enables uSMART to distribute OTC Markets Group's L1 and L2 real-time data through their mobile app, providing users with access to real-time Level 1 + top of book quote data for OTCQX®, OTCQB®, and Pink® securities.
This partnership expands OTC Markets Group's presence in the Asian market and enhances their technology capabilities. The collaboration aims to meet the growing demand for OTC equity securities data among uSMART investors in the U.S. and supports OTC Markets Group's mission to provide comprehensive, contextual, real-time, and analytical data on OTCQX, OTCQB, and Pink securities to broker-dealers, compliance, and risk management teams.
OTC Markets Group Inc. (OTCQX: OTCM) has announced that Cullman Bancorp, Inc. (OTCQX: CULL), the holding company for Cullman Savings Bank, has qualified to trade on the OTCQX® Best Market. Cullman Bancorp, previously traded on NASDAQ, began trading on OTCQX under the symbol 'CULL' on July 22, 2024. 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 comply with applicable securities laws.
OTC Markets Group (OTCQX: OTCM) announced that Kumyang Co., (KRX: 001570.KS; OTCQX: KMYGY), a global secondary cylindrical battery manufacturer and eco-friendly chemical materials supplier, has qualified to trade on the OTCQX® Best Market. Kumyang began trading on July 19, 2024, under the symbol 'KMYGY'. This move provides efficient access to U.S. capital markets for Kumyang, allowing them to use their home market reporting to make information available in the U.S.
Kumyang's Chairman & CEO, Dr. KJ Ryu, expressed pride in being the first Korean company to graduate to the OTCQX tier, viewing it as a significant step towards becoming a leading global supplier of secondary batteries. JP Morgan acted as Kumyang's OTCQX sponsor for this transition.
OTC Markets Group (OTCQX: OTCM) announced that VerticalScope Holdings Inc. (TSX: FORA; OTCQX: VFORF) has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. VerticalScope, a technology company operating a cloud-based digital platform for online enthusiast communities, began trading on OTCQX under the symbol "VFORF" on July 17, 2024.
This upgrade provides transparent trading for U.S. investors and allows VerticalScope to utilize its home market reporting to make information available in the U.S. Rob Laidlaw, Founder, Chair and CEO of VerticalScope, stated that this move will make it easier for U.S. employees and investors to invest in the company and increase exposure to U.S. private and institutional investors.
OTC Markets Group (OTCQX: OTCM) announced that Main Street Financial Services Corp. (OTCQX: MSWV), the holding company for Main Street Bank Corp., has qualified to trade on the OTCQX® Best Market. The company upgraded from the Pink® market and began trading on OTCQX under the symbol 'MSWV' on July 16, 2024.
The OTCQX Market enables banks to maximize their value as public companies by providing transparent trading and easy access to company information. To qualify, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with securities laws. James VanSickle, Main Street Financial Services Corp. President & CEO, stated that the move to OTCQX is expected to provide greater visibility and liquidity for the company's shares.
OTC Markets Group (OTCQX: OTCM) has announced that Danimer Scientific, Inc. (OTCQX: DNMRW), a leading bioplastics company, has qualified to trade its warrants on the OTCQX® Best Market. The warrants, which can be used to purchase shares of Danimer's Class A common stock, began trading under the symbol 'DNMRW' on July 15, 2024. Danimer's common stock will continue to trade on the New York Stock Exchange.
The OTCQX Market provides companies with efficient access to U.S. capital markets, offering streamlined requirements and transparent trading for investors. To qualify, companies must meet high financial standards, follow best practice corporate governance, and comply with securities laws. Investors can find Danimer's financial disclosures and Real-Time Level 2 quotes on www.otcmarkets.com.
OTC Markets Group has announced that Aesthetic Medical International Holdings Group (OTCQX: PAIYY), a leading provider of aesthetic medical services in China, has qualified to trade on the OTCQX® Best Market. The company upgraded from the Pink® market and begins trading under the symbol “PAIYY.” This upgrade allows U.S. investors to access current financial disclosures and real-time Level 2 quotes on www.otcmarkets.com. Companies listed on OTCQX must meet high financial standards, adhere to best practice corporate governance, and comply with relevant securities laws.
OTC Markets Group has announced that Black Diamond Group , a company specializing in rentals and industrial services, has upgraded to the OTCQX Best Market from the Pink market, now trading under the symbol BDIMF. This move aims to provide transparent trading for U.S. investors and showcases Black Diamond's commitment to enhancing shareholder value. Companies qualifying for the OTCQX must meet high financial standards, adhere to best practices in corporate governance, and comply with applicable securities laws. U.S. investors can access Black Diamond's financial disclosures and real-time Level 2 quotes on otcmarkets.com.
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