Arvana Updates Application Information For OTCQB Venture Market
Rhea-AI Summary
Arvana Inc. (OTC PINK:AVNI) provided an update regarding its application for OTCQB quotation initially announced on May 21, 2024. The company is now evaluating its options following OTC Markets' announcement of the new OTCID market launching in July 2025.
The OTCID platform, designed for companies meeting specific standards and providing management certification, comes with an annual cost of $11,000 for the first year and $7,500 thereafter - approximately half the cost of OTCQB listing. Arvana confirms it meets all eligibility requirements for the OTCID market.
The company will assess both OTCID and OTCQB options, considering their respective costs, standards, and market benefits. Either upgrade would demonstrate Arvana's commitment to U.S. securities laws compliance and could help reduce trading restrictions faced on the Pink Market.
Positive
- Company meets all eligibility requirements for OTCID market
- OTCID listing costs 50% less than OTCQB
- Potential reduction in trading restrictions
Negative
- Additional annual costs of $11,000 first year, $7,500 thereafter
- Uncertainty in final market choice between OTCQB and OTCID
LAS VEGAS, NEVADA / ACCESS Newswire / February 28, 2025 / Arvana Inc. (OTC PINK:AVNI) updates the application for quotation on the OTCQB, which was announced May 21, 2024.
OTC Markets recently announced that PINK Current Listings that qualify can become OTCID in July, 2025. The ID market is for companies that meet certain standards and provide management certification. The ID market enhances transparency and compliance to strengthen the standards of the market. Arvana meets all requirements for the new market eligibility standards of the OTCID market.
The cost of the OTCID platform is
Arvana will consider the costs, standards and market of the OTCID platform and will decide whether to continue pursuing a move to the QB Board from the Pink Market.
Upgrading to the OTCID or OTCQB markets demonstrates a commitment by Arvana to adhere to U.S. State and Federal securities laws. Providing investors with current information helps reduce trading restrictions that may be faced on the Pink Market. OTCQB and OTCID Venture Markets are for entrepreneurial and development stage US and international companies.
About Arvana Inc.
Arvana (OTC: AVNI) is a public company registered under the Securities & Exchange Act of 1934, as amended, that is quoted on the OTC Pink Sheets Current Information Alternative Reporting platform.
Arvana Contact
James Kim, Chief Executive Officer
Phone: +1 702-899-1072
Email: james@arvana.us
Website: https://arvana.us
Forward-Looking Statements
Several statements contained in this press release are forward-looking statements of future expectations based on currently available information that are subject to risks and uncertainties including general economic conditions, changes in capital markets, regulator legislation, and other circumstances that may cause actual results to be materially different from those expectations Arvana does not make any representation or warranty, express or implied, as to the accuracy, completeness, or status of such statements so it will not be liable for any decision made or action taken in conjunction with the information and/or statements contained in this press release. Arvana encourages the public to read the information provided in conjunction with its recent filings on Form 8-K, Form 10-Q and Form 10-K, which may be viewed at www.sec.gov.
SOURCE: Arvana, Inc.
View the original press release on ACCESS Newswire
FAQ
What are the costs for Arvana (AVNI) to list on the new OTCID market?
When will the new OTCID market launch for eligible Pink Current companies like AVNI?
What benefits would Arvana (AVNI) gain from upgrading to OTCID or OTCQB markets?
When did Arvana (AVNI) initially announce its OTCQB application?
