OTC Markets Group Welcomes Steel Partners Holdings L.P. to OTCQX

Rhea-AI Summary

OTC Markets Group (OTCQX: OTCM) announced that Steel Partners Holdings L.P. (OTCQX: SPLP, SPLPP), a diversified global holding company, has qualified to trade on the OTCQX® Best Market. The company's common and series A preferred units have transitioned from the New York Stock Exchange and began trading on OTCQX under the symbols "SPLP" and "SPLPP". The OTCQX Market provides companies with cost-effective access to U.S. capital markets, featuring streamlined requirements while maintaining high financial standards, best practice corporate governance, and securities law compliance.

Positive

• Cost-effective access to U.S. capital markets through OTCQX platform
• Streamlined market requirements reducing operational complexity
• Maintained access to transparent trading for investors

Negative

• Downgrade from NYSE listing to OTCQX market
• Potential reduction in trading volume and institutional investor access
• May be perceived as a step down in market prestige

NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Steel Partners Holdings L.P. (OTCQX: SPLP, SPLPP), a diversified global holding company, has qualified to trade on the OTCQX® Best Market. Steel Partners Holdings LP previously traded on the New York Stock Exchange.

Steel Partners Holdings L.P.’s common and series A preferred units begin trading today on OTCQX under the symbols “SPLP” and “SPLPP”, respectively. 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 Steel Partners Holdings LP
Steel Partners Holdings L.P. (www.steelpartners.com) is a diversified global holding company that owns and operates businesses and has significant interests in various companies, including diversified industrial products, energy, defense, supply chain management and logistics, banking and youth sports.

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, OTC Link NQB, and MOON ATS^TM 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

Why did Steel Partners Holdings (SPLP) move from NYSE to OTCQX in May 2025?

Steel Partners Holdings moved to OTCQX to benefit from more cost-effective access to U.S. capital markets and streamlined market requirements, though this represents a transition from the more prestigious NYSE listing.

What are the symbols for Steel Partners Holdings on OTCQX?

Steel Partners Holdings trades on OTCQX under two symbols: 'SPLP' for common units and 'SPLPP' for series A preferred units.

What requirements must companies meet to trade on OTCQX?

Companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws to qualify for OTCQX trading.

What are the benefits of trading on OTCQX for Steel Partners Holdings?

Trading on OTCQX offers Steel Partners Holdings efficient, cost-effective access to U.S. capital markets with streamlined requirements, reducing the cost and complexity of being publicly traded while maintaining transparent trading.