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: OTCM) announced that Bankflorida Bancorp, Inc. (OTCQX: BKFL) has qualified to trade on the OTCQX® Best Market, beginning today. Previously privately-held, Bankflorida Bancorp, Inc. is the holding company for BankFlorida, which offers superior banking services. The OTCQX Market provides an efficient public market for regional and community banks, enabling price transparency and broader information distribution. This qualification follows high financial standards and compliance with securities laws.
On December 7, 2022, OTC Markets Group Inc. (OTCQX: OTCM) announced that Endeavor Bancorp (OTCQX: EDVR) has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. This upgrade marks a significant milestone for community banks, enhancing transparency, accessibility, and liquidity for investors. Endeavor Bancorp, operating profitably in Southern California, aims to increase visibility and outreach. This transition allows for better investor engagement as the company continues to execute its strategy of building a robust community bank.
On December 5, 2022, OTC Markets Group Inc. (OTCM) announced that Sustainable Green Team Ltd. (SGTM) upgraded to trade on the OTCQX® Best Market from the Pink® market. This transition enhances SGTM's visibility and credibility among U.S. investors. The company is a wholesale manufacturer and supplier of wood-based products, including mulch and soil, and has partnerships to introduce advanced soil technology in the U.S. The OTCQX market requires companies to meet high financial standards and comply with regulations.
TraWell Co SPA has begun trading on the OTCQX Best Market under the symbol TRWAF. This milestone follows its qualification to trade, enhancing access to U.S. capital markets for international firms. TraWell generates 50% of its revenues from America and reported a net result of $2 million in the first half of 2022. The company is expanding its airport retail services, which include baggage wrapping and travel accessories, operating 110 sales points across 12 countries. For further details, investors can check www.otcmarkets.com.
Westbridge Renewable Energy Corp. (OTCQX: WEGYF) has officially transitioned to the OTCQX Best Market from the OTCQB Venture Market, which commenced trading on November 30, 2022. This upgrade signals compliance with rigorous financial standards and corporate governance, helping to enhance visibility among U.S. investors. Executive Chair Scott M. Kelly highlighted that this milestone aligns with their goal of optimizing access and liquidity for investors, especially following the recent passing of the Inflation Reduction Act. The company has a substantial portfolio of solar PV projects and battery storage capacity in the U.S. renewable energy market.
OTC Markets Group (OTCM) reported third quarter 2022 gross revenues of $25.9 million, a 3% increase year-over-year. Operating income declined 7% to $9.0 million, with a profit margin of 35.9%, down from 39.5%. Net income fell 5% to $7.2 million, leading to a diluted GAAP EPS of $0.60. A special cash dividend of $1.50 per share was announced, alongside a quarterly dividend of $0.18. The company successfully completed its acquisition of EDGAR® Online, enhancing its data and service offerings.
OTC Markets Group (OTCM) announced the acquisition of EDGAR Online, a supplier of real-time SEC regulatory data, from Donnelley Financial. This acquisition enhances OTCM's market transparency and operational efficiency, allowing it to offer a more comprehensive view of public companies and their securities. The deal includes assets like proprietary technology and customer contracts. Executive VP Matt Fuchs emphasized that this move supports their commitment to driving regulatory compliance and improving financial data offerings.
OTC Markets Group Inc. (OTCM) announced that Oakworth Capital, Inc. (OAKC) has qualified to trade on the OTCQX Best Market, effective today. This market is designed for U.S. regional and community banks, providing enhanced transparency and a more efficient trading platform. Oakworth, which offers commercial and private banking services, reported substantial assets totaling $1.2 billion and impressive customer metrics, including a Net Promoter Score of 96. CEO Scott Reed expressed enthusiasm for this advancement in their growth strategy.
OTC Markets Group Inc. (OTCM) announced it will disclose its financial results for Q3 2022 on November 14, 2022, following the U.S. market close. A conference call will take place on November 15, 2022, at 8:30 a.m. ET, where management will discuss the results in detail. Interested participants can access the call and webcast online. The earnings release and related documents will be available on the company's Investor Relations website. OTC Markets operates regulated markets for over 12,000 securities, providing critical market infrastructure for broker-dealers.
OTC Markets Group Inc. (OTCM) announced the inclusion of South Carolina and Puerto Rico in its Blue Sky map, marking the 38th state and the first territory to acknowledge its premium markets for secondary trading. This expansion reflects OTC Markets' efforts to enhance value for public companies, broker-dealers, and investors. The company has integrated Blue Sky Data Corp. into its systems, offering a comprehensive view of secondary trading compliance. Blue Sky laws ensure investors access accurate company information, facilitating informed decisions in the securities market.
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