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 announced that TGS ASA, an energy data and intelligence provider, has upgraded from the Pink market to the OTCQX Best Market. This move allows U.S. investors to trade TGS ASA shares under the symbols 'TGSNF' and 'TGSGY'. This upgrade is significant for TGS ASA as it aims to enhance investor recognition and engagement in the U.S., offering transparent trading and meeting high financial and corporate governance standards.
CFO Sven Borre Larsen highlighted that this milestone will provide long-term value to shareholders by increasing transparency, accessibility, and trading volumes.
OTC Markets Group (OTCQX: OTCM) has announced that Aixia Group AB (Spotlight Stock Market: AIXIA B; OTCQX: AIXAF), an IT company, has qualified to trade on the OTCQX® Best Market. Aixia Group AB begins trading on OTCQX under the symbol 'AIXAF' starting today. This move offers U.S. investors access to the company's financial disclosures and Real-Time Level 2 quotes on www.otcmarkets.com.
The OTCQX Market provides cost-efficient access to U.S. capital markets and allows companies listed on qualified international exchanges to use their home market reporting in the U.S. Aixia Group AB's CEO, Mattias Bergkvist, highlighted the company's recent revenue and profitability growth as key drivers for the upgrade, emphasizing their commitment to improving business aspects.
B. Riley Securities, Inc. served as the company's OTCQX sponsor.
OTC Markets Group has announced that American Oncology Network, a network of community-based oncology practices, has qualified to trade on the OTCQX Best Market under the symbol 'AONC'.
Previously listed on NASDAQ, AON is now offering U.S. investors access to current financial disclosures and real-time quotes on www.otcmarkets.com.
Trading on OTCQX is presented as cost-effective and transparent, requiring high financial standards and good corporate governance. AON has demonstrated significant growth, including a 42% compound annual growth rate in revenue over five years, adding over 40 providers and four new practices this year. CEO Todd Schonherz emphasized the company's strong financial position and commitment to long-term value creation.
OTC Markets Group (OTCQX: OTCM) announced that Verde Agritech (TSX: NPK; OTCQX: VNPKF) has upgraded from the Pink market to the OTCQX Best Market. This move aims to provide transparent trading for U.S. investors and enhance Verde's visibility and accessibility. The upgrade signifies Verde's compliance with high financial standards and corporate governance. B. Riley Securities, Inc. sponsored the OTCQX listing. CEO Cristiano Veloso expects this milestone to build shareholder value and broaden the company's platform alongside its Toronto Stock Exchange listing.
OTC Markets Group has announced that Lotus Resources , an advanced uranium company focused on Africa, has upgraded to the OTCQX Best Market from the OTCQB Venture Market. Trading under the symbol LTSRF, Lotus Resources aims to increase its visibility and engagement with North American investors. The OTCQX Market is known for its rigorous financial standards, corporate governance, and compliance with securities laws. Lotus Managing Director Keith Bowes expressed optimism about increased trading volumes and broader investor engagement following this upgrade.
OTC Markets Group has announced that Verde Agritech (TSX: NPK; OTCQX: VNPKF) has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. This shift, effective May 29, 2024, aims to enhance visibility and accessibility to U.S. investors. Verde Agritech, an agricultural technology company specializing in multi-nutrient potassium fertilizers, now benefits from streamlined market standards and the ability to leverage their home market reporting for U.S. information availability. B. Riley Securities, Inc. served as the OTCQX sponsor. Verde's CEO Cristiano Veloso expects this upgrade to build shareholder value alongside their Toronto Stock Exchange listing.
OTC Markets Group has announced that Marpai, an independent Third-Party Administration (TPA) company, has qualified to trade on the OTCQX Best Market under the symbol 'MRAI.' Previously trading on NASDAQ, Marpai's transition aims to provide U.S. investors with efficient and cost-effective access to capital markets. OTCQX requires companies to meet high financial standards, adhere to corporate governance best practices, and comply with securities laws. Damien Lamendola, Marpai's CEO, highlighted that this move will enhance transparency, increase institutional visibility, and significantly reduce public company expenses.
Marpai (Nasdaq: MRAI), an independent national Third-Party Administration (TPA) company, announced its decision to withdraw from Nasdaq and transition to the OTCQX Market. The decision, driven by non-compliance with Nasdaq's minimum stockholders' equity requirement and the high costs of maintaining a Nasdaq listing, aims to help Marpai focus on profitable growth. Trading on Nasdaq will cease on May 29, 2024, with immediate trading commencement on OTCQX under the symbol 'MRAI'. The company believes this move will ensure continued trading visibility while reducing expenses. Shareholders do not need to exchange their shares, and Marpai will remain subject to the U.S. Securities Exchange Act of 1934's reporting requirements.
OTC Markets Group announced that CONX Corp. has qualified to trade on the OTCQX Best Market, starting today under the symbols 'CNXX' and 'CNXXW'. Formerly traded on NASDAQ, CONX Corp. offers U.S. investors current financial disclosures and Real-Time Level 2 quotes on www.otcmarkets.com. The move to OTCQX provides efficient and cost-effective access to U.S. capital markets, with streamlined requirements aimed at reducing the costs and complexity of being publicly traded. Companies on OTCQX must meet high financial standards, adhere to best practice corporate governance, and comply with securities laws.
OTC Markets Group has announced that Direct Selling Acquisition Corp. (DSAQ), a blank check company, has qualified to trade on the OTCQX Best Market. Previously traded on the New York Stock Exchange, DSAQ begins trading today under the symbol DSAQ. The OTCQX Market provides cost-effective and efficient access to U.S. capital markets, offering streamlined requirements to reduce the complexity and cost of being publicly traded. Companies on OTCQX must meet high financial standards, follow best corporate governance practices, and comply with applicable securities laws.
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