OTC

The OTC Markets organizes securities into three markets based on the quality and quantity of information companies disclose. Companies are by default traded on the Pink market. The companies quoted on the pink market do not need to meet minimum requirements or file with the SEC. Companies can choose to qualify for the OTCQB or OTCQX market.

The OTCQB market is specifically created for early-stage and developing companies to provide a strong baseline of transparency and trading to inform and engage investors. As America’s Venture Market, OTCQB provides efficient public trading for companies to start building shareholder liquidity today and develop into tomorrow’s leaders. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must meet $0.01 bid test and may not be in bankruptcy. The OTCQB market is known as The OTCQB Venture Market.

The OTCQX Market is specifically created for public companies that want to trade alongside other best-in-class peers. OTCQX distinguishes companies by the excellence of their operations and the diligence with which they provide information and clearly convey their qualifications to investors. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction. The OTCQX market is known as The OTCQX Best Market.