how long does it take to uplist to otcqb

Real Brands completed the OTC's requirements to qualify for uplisting to Nasdaq OTCQB status as follows: Form 10 filed and approved Compliant with two years of audited financials Became a fully. Greene Concepts Announces its Application to Uplist to the OTCQB Venture Market Marion, North Carolina-- (Newsfile Corp. - February 10, 2021) - Greene Concepts Inc. (OTC Pink: INKW) is pleased to announce it has begun the application process for moving off the OTC Pink Sheets and uplisting to the OTCQB Venture Marketplace. Call (561) 416-8956. By Hamilton & Associates Law Group, P.A., Florida. A company needs to have at least $2 million in total assets as of the most recent quarterly statement for the OTCQX. 658 0 obj <>/Filter/FlateDecode/ID[<479A9D10D7829646A092F1B56BA304AA>]/Index[635 36]/Info 634 0 R/Length 110/Prev 312362/Root 636 0 R/Size 671/Type/XRef/W[1 3 1]>>stream The notice must state the name of the Company, the type of report (Annual, Quarterly or Interim) that is or will be late, the reason why the report is or will be late, and the date that the Company expects to file the report. ALL RIGHTS RESERVED. To be eligible to be quoted on the OTCQX International Premier, companies must: All International companies that are quoted on the OTCQX must have either an Attorney Principal American Liaison (PAL) or an Investment Bank PAL, provided however, if the companys OTCQX traded security is an ADR, the international company may have an ADR PAL. Regulation A Reporting Companies must file all reports required to be filed on EDGAR. endstream endobj 636 0 obj <. How to Set an Effective Google Ads Budget. OTCQX provides an expedited application process for ADRs and foreign ordinary securities of companies traded on a Qualifying Foreign Stock Exchange. The goal of the OTCQB is to help companies build shareholder value by enhancing liquidity and achieving fair valuation. PDF OTCQB Application Guide for U.S. Companies and U.S. Banks Weird Things is proudly powered by The biggest reason that companies decide to list themselves for sale on the OTC Markets is that they do not meet the requirements to be listed on a formal stock exchange, such as the New York Stock Exchange or NASDAQ. At least two members of the Board of Directors and a majority of the members of the Audit Committee must satisfy the independence requirement within the later of 90 days after the Company begins trading on OTCQB or the time of the Companys next shareholder meeting. Confirmation that the Company is current in its SEC reporting obligations and has filed all reports with the SEC, that all financial statements have been prepared in accordance with U.S. GAAP, and that the auditor opinion is not adverse, disclaimed or qualified; International Companies (i) Companies subject to the Exchange Act reporting requirements must be current in such reports; (ii) A company that is not an SEC Reporting Company must be current and fully compliant in its obligations under Exchange Act Rule 12g3-2(b), if applicable, and shall have posted in English through the OTC Disclosure & News Service or an Integrated Newswire, the information required to be made publicly available pursuant to Exchange Act Rule 12g3-2(b) for the preceding 24 months (or from inception if less than 24 months); and all financial statements have been prepared in accordance with U.S. GAAP and that the auditor opinion is not adverse, disclaimed or qualified; Verification that the Company profile is current, complete and accurate; The companys reporting standing (i.e., whether SEC reporting, bank reporting or international reporting) and briefly describing the registration status of the company; If the Company is an International Company and relying on 12g3-2(b), that it is current in such obligations; That the company is current in its reporting obligations to its regulator and that such information is available either on EDGAR or the OTC Markets website; States the law firm and/or attorneys that assist the company in preparing its annual report or 10-K; Confirms that the company profile on the OTC Markets website is current and complete; Identifies any third-party providers engaged by the Company, its officers, directors or controlling shareholders, during the prior fiscal year and up to the date of the certification, to provide investor relations services, public relations services, stock promotion services or related services; Confirms the total shares authorized, outstanding and in the public float as of that date; and. How long does it usually take to list on the NASDAQ? The Failure of Dated Lending Technology: Why Innovation is Key to Success, Top 10 Ways to Skyrocket Lending Profitability in 2023, Revolutionizing Auto Financing: Introducing the Next Generation of Modern Lending with PayPlan, Conquering the Challenges of 2022: Business Warriors Year-End Review. Greene Concepts Announces its Application to Uplist to the OTCQB VNUE, Inc. (VNUE) Announces Application to Uplist to OTCQB Market Uplisting to the OTCQB is expected to improve the company's position in the public markets and increase visibility to the investment community NEWS PROVIDED BY VNUE, Inc. Mar 02, 2021, 11:48 ET NEW YORK, March 2, 2021 /PRNewswire/ -- VNUE, Inc. (OTCMKTS: VNUE), a leading music technology company, Regulation A Reporting Companies must file all reports required to be filed on EDGAR. An OTCQB Company should act promptly to dispel unfounded rumors which result in unusual market activity or price variations. Where do I get a Medallion Signature Guarantee? (i) Results of operations or financial condition; (iii) Acquisitions or dispositions of assets; (iv) The issuance, redemption or acquisition of securities; (vi) The granting of options or the payment of other remuneration to directors or officers; and. Business 101: What is a Landing Page and Do You Need One? Upon application for quotation on the OTCQX, Companies must pay an initial non-refundable fee of $5,000. The answer to the timing question depends upon whether the company seeking to uplist is the product of a reverse merger. How to Improve Quality Score for Google Ads, How to Reach the Right Audience on TikTok, Business Warrior Acquires FinTech SaaS Company, Alchemy Technologies, Business Warrior Announces Partnership with Bottom Line Savings, The Two Most Valuable Places to Advertise Your Permanent Makeup Clinic. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events. In addition, OTC Markets Group may remove the companys securities from trading on OTCQB immediately and at any time, without notice, if OTC Markets Group, upon its sole and absolute discretion, believes the continued inclusion of the companys securities would impair the reputation or integrity of OTC Markets Group or be detrimental to the interests of investors. 0 The OTCQB replaced the Financial Industry Regulatory Authority (FINRA)-operated OTC Bulletin Board (OTCBB) as the main market for trading OTC securities that report to a U.S. regulator. 635 0 obj <> endobj Thewww.otcmarkets.comdivides issuers into three (3) levels: OTCQX, OTCQB and OTC Pink. These statements reflect managements current views with respect to future events and are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict (many of which are outside of the companys control) and could cause the companys actual results to differ materially from those contained in the forward-looking statements. The Timeline of the Application. An OTCQB Company should also act promptly to dispel unfounded rumors which result in unusual market activity or price variations. Demo Hari Ini Jakarta 2021, The issuer must not be subject to any Bankruptcy or reorganization proceedings. 2535 0 obj <>/Filter/FlateDecode/ID[<924CE71E0E43A84DBCD64F646EE438F1>]/Index[2517 39]/Info 2516 0 R/Length 96/Prev 736551/Root 2518 0 R/Size 2556/Type/XRef/W[1 3 1]>>stream If any of the beneficial shareholders are corporate entities, provide the name and address of the person(s) owning or controlling such corporate entities and the resident agents of the corporate entities. Similar to other stock exchanges, there are a number of requirements that companies need to meet before they can get traded on the OTC. A. Step 1: Determine Eligibility Audited annual financials prepared in accordance with U.S. GAAP by a PCAOB auditor. In general, it takes a company between 6 and 12 months to get listed on the OTC Markets. Our corporate and securities law firm is constantly evolving in order to stay abreast of regulatory changes and trends in the industry. Bank Reporting Standard: The reporting standard for a U.S. bank, U.S. bank holding company, U.S. thrift, U.S. thrift holding company or U.S. financial institution that is required to file period reports with its applicable Bank Regulator. U.S. OTCQB companies will be required to remain current in their SEC reporting obligations. Are Facebook Ads Worth it For Small Businesses? Some companies might be forced to undergo additional scrutiny, particularly if they have recently been delisted from the New York Stock Exchange or NASDAQ. The other OTC tiers are the highest quality OTCQX, and the most speculative Pink Sheets. It appears that uplisted bank stocks are a solid good bet. Refuse the application if it determines, in its sole and absolute discretion, that the admission of the Companys securities for trading on OTCQB would be likely to impair the reputation or integrity of OTC Markets Group or be detrimental to the interests of investors. What Is A Confidential Registration Statement? (Regulation A Companies are exempt from the initial requirement) Be SEC Reporting, Regulation A Reporting, Bank Reporting or Alternative Reporting What Are the Listing Requirements for the NASDAQ? - Investopedia hb```f``Zf @q`;y`#8bBy"_:gN.dxC4A!Q7J1W)b\rsJ [email protected];-0 }Zo`\VB"t2D Nhl Have its securities listed on a Qualifying Foreign Stock Exchange for a minimum of the preceding 40 calendar days; provided, however, that in the event the company's securities are listed on a non-U.S. exchange that is not a Qualified Foreign Stock Exchange, then at the company's request and subsequent to the company providing OTC Markets Group Have a board of directors that includes at least two Independent Directors.
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