Welcome to our dedicated page for OTC Markets Group news (Ticker: OTCM), a resource for investors and traders seeking the latest updates and insights on OTC Markets Group stock.
OTC Markets Group Inc. (OTCM) regularly publishes news as the operator of regulated markets for trading U.S. and international securities. Its announcements highlight developments across its market tiers, including the OTCQX Best Market, OTCQB Venture Market, OTCID Basic Market, and Pink Limited Market, and provide insight into how issuers use these platforms to access U.S. investors.
News from OTC Markets Group often focuses on companies that have qualified to trade on the OTCQX Best Market or upgraded from the OTCQB Venture Market. These items describe how issuers meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws in order to join OTCQX. Such updates can be useful for tracking which domestic and international companies are enhancing their visibility and trading access in the U.S. through OTC Markets Group’s venues.
Another recurring theme in OTC Markets Group news is cross-border capital markets activity. Announcements describe how companies listed on qualified international exchanges use OTCQX to provide transparent trading for U.S. investors while maintaining their primary listing in their home market. OTC Markets Group also issues releases about recognition programs such as the OTCQX Best 50, which it describes as an informational ranking of top-performing OTCQX companies based on liquidity, investor engagement, and performance.
Investors and market participants can use the OTCM news stream to follow new OTCQX entrants, upgrades from other OTC tiers, and broader commentary from the company on the role of its markets and trading systems in connecting issuers and U.S. investors.
OTC Markets Group Inc. (OTCM) announced that SPENN Technology A/S (OTCQX: SPNNF) has graduated to the OTCQX® Best Market from the OTCQB® Venture Market, effective March 2, 2023. This transition allows SPENN Technology to increase visibility and access to U.S. investors, enhancing liquidity and trading volume for its securities. CEO Jens Glaso expressed optimism regarding the benefits this upgrade will bring to shareholders. The OTCQX Market requires adherence to high financial standards and best practices in corporate governance, marking a significant milestone for SPENN Technology as it aims to strengthen its position in the U.S. market.
OTC Markets Group Inc. (OTCM) will release its financial results for the fourth quarter and fiscal year ending December 31, 2022, on March 8, 2023, after market close. A conference call and webcast are scheduled for March 9, 2023, at 8:30 a.m. ET, where management will discuss these results in detail. Participants can register for the live call to ask questions. The earnings release, transcript, and management presentation will be available on the company's Investor Relations website.
OTC Markets Group Inc. (OTCM) announces that Hafnia Ltd. (OTCQX: HAFNF) has upgraded to the OTCQX® Best Market from the Pink® market. This upgrade, effective on February 28, 2023, allows Hafnia to trade under the symbol HAFNF, enhancing transparency for U.S. investors. As a $2.5 billion market cap company with a significant fleet of over 225 tankers, this transition is expected to attract greater interest from U.S. investors. Hafnia aims to leverage its OTCQX listing for better trading volumes and shareholder returns. SEB Securities, Inc. sponsored this OTCQX upgrade.
OTC Markets Group Inc. (OTCM) announced on February 16, 2023, that Reed’s, Inc. (OTCQX: REED), known for its premium ginger beverages, has qualified to trade on the OTCQX Best Market after previously trading on NASDAQ. Reed’s begins trading under the symbol REED today. This move is anticipated to provide a cost-effective access to capital markets, with streamlined requirements designed to enhance transparency for investors. Reed’s CEO, Norman E. Snyder, expressed optimism about the transition, emphasizing a focus on operations and profitability improvements in 2023.
OTC Markets Group Inc. (OTCM) announced that Unit Corporation (OTCQX: UNTC) has successfully transitioned to the OTCQX Best Market, moving up from the Pink market. This upgrade allows Unit Corporation to enhance its visibility among U.S. investors and signifies compliance with high financial standards and corporate governance practices. Trading under the symbol 'UNTC' commenced on February 15, 2023. The OTCQX Market is designed to provide a premium platform for investor-focused companies, ensuring better access to financial markets. B. Riley Securities, Inc. served as Unit Corporation's OTCQX sponsor.
On February 14, 2023, OTC Markets Group Inc. announced that FFBW, Inc., the holding company for First Federal Bank of Wisconsin, has transitioned to trade on the OTCQX Best Market under the symbol 'FFBW.' Previously listed on NASDAQ, FFBW aims to leverage the OTCQX platform's streamlined standards for community banks. This move is expected to reduce costs and enhance shareholder visibility. Edward H. Schaefer, President and CEO of FFBW, expressed optimism about the benefits of this partnership. Investors can access current financial disclosures and real-time trading quotes on OTC Markets.
OTC Markets Group Inc. (OTCM) announced that Autoscope Technologies Corporation (AATC) has qualified to trade on the OTCQX Best Market, transitioning from NASDAQ. The trading began on February 10, 2023, allowing U.S. investors to access real-time financial disclosure and quotes. OTCQX offers cost-effective market access and imposes high financial standards and best practices for companies. Frank Hallowell, Interim CEO of Autoscope, expressed excitement about this move, anticipating reduced expenses and a focus on growth, ultimately benefiting shareholders. Autoscope specializes in above-ground detection technology for transportation safety and efficiency.
OTC Markets Group Inc. (OTCQX: OTCM) announced that Cincinnati Bancorp, Inc. (OTCQX: CNNB) has qualified to trade on the OTCQX® Best Market after transitioning from NASDAQ. Trading began on February 6, 2023, allowing Cincinnati Bancorp to provide better visibility and access to investors. The OTCQX Market is designed to simplify the public company experience for regional and community banks by meeting high financial standards and corporate governance. Piper Sandler & Co. served as the OTCQX sponsor for Cincinnati Bancorp, which operates multiple branches in Greater Cincinnati and Florence, Kentucky.
OTC Markets Group Inc. (OTCM) has announced that Drive Shack Inc. has qualified to trade on the OTCQX Best Market, previously listed on the New York Stock Exchange. Starting today, Drive Shack trades under the symbols DSHK, DSHKP, DSHKN, and DSHKO. This transition to OTCQX aims to offer a cost-effective and efficient way for companies to access U.S. capital markets while ensuring compliance with high financial standards and corporate governance. Drive Shack operates golf-related leisure businesses including American Golf, Drive Shack, and Puttery.
On January 25, 2023, M.O.B.A. Network (OTC: MOBNF) upgraded to the OTCQX Best Market from the Pink Market, enabling U.S. investors to trade their shares more transparently. The upgrade enhances M.O.B.A.'s visibility among North American investors and opens opportunities for future equity acquisitions. The company operates popular web-based gaming communities and generates revenue through advertising and video sales. B. Riley Securities sponsored the upgrade, ensuring compliance with stringent financial and governance standards required by OTCQX.
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