OTC Markets Group Welcomes Concord Acquisition Corp II to OTCQX
Rhea-AI Summary
OTC Markets Group (OTCQX: OTCM) announced that Concord Acquisition Corp II (OTCQX: CNDA), a special purpose acquisition company, has qualified to trade on the OTCQX® Best Market. Concord Acquisition Corp II was previously listed on the NYSE American and begins trading today under the symbol “CNDA.”
U.S. investors can access the company's current financial disclosures and Real-Time Level 2 quotes on www.otcmarkets.com. Trading on the OTCQX Market provides companies with efficient, cost-effective access to U.S. capital markets. The streamlined market requirements of OTCQX are designed to reduce the cost and complexity of being publicly traded, while ensuring transparent trading for investors.
To qualify for OTCQX, companies must meet high financial standards, adhere to best practices in corporate governance, and comply with relevant securities laws.
Positive
- Concord Acquisition Corp II qualified for OTCQX, indicating strong financial health and governance.
- Transition to OTCQX offers cost-effective access to U.S. capital markets.
- Provides transparent trading for investors, enhancing market trust.
Negative
- Transition from NYSE American to OTCQX may be perceived as a downgrade by some investors.
NEW YORK, Oct. 11, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Concord Acquisition Corp II (OTCQX: CNDA), a special purpose acquisition company, has qualified to trade on the OTCQX® Best Market. Concord Acquisition Corp II previously traded on NYSE American.
Concord Acquisition Corp II begins trading today on OTCQX under the symbol “CNDA.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
About Concord Acquisition Corp II
Concord Acquisition Corp II is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
FAQ
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