OTC Advisory Services Inc. (“OTC Advisory”) is very happy to announce OTC Advisory and Journey Trust Company (“Journey”) have joined right into a partnership agreement to supply mix border listing and stock transfer co-agency services to Canadian and Worldwide issuers listing towards the OTC Markets OTCQB and OTCQX platforms. OTC Advisory will assume all OTC listing and DTC eligibility services for clients of Journey and Journey will give you co-agency stock transfer and DTC services for OTC Advisory clients within the U . s . States.
This partnership will further streamline the procedure for Canadian and Worldwide issuers searching to gain access to the united states capital markets using a secondary listing around the OTCQB or OTCQX platforms. Many issuers have discovered the mix listing and DTC eligibility process frustrative because of the fragmented application processes involved, along with the requirement to appoint an american co-agent who’s a DTC participant. This partnership allows clients of OTC Advisory and Journey to profit from getting their OTC listing and DTC eligibility needs covered in one location. Clients of OTC Advisory and Journey can get the seamless control over both OTC listing and DTC eligibility applications, along with the ongoing ongoing support needed to handle their US listing and meet all regulatory needs.
OTC Markets Listing like a Foreign Private Issuer:
Under SEC Rule 12g3-2(b), worldwide firms that conserve a listing on the recognized worldwide stock market may use this exemption to simply get their securities quoted on either the OTCQB or OTCQX platforms without getting to join up or adhere to any extra U.S. reporting needs. Using Rule 12g3-2(b) to list out worldwide companies on OTCQB or OTCQX, enables issuers accessibility US capital markets what are most mature and stable from the world’s financial centers.
DTC Qualified securities are freely tradable securities of the public company that become qualified to become deposited in to the DTC. Being DTC qualified enables brokers to process and obvious transactions digitally, allowing issuers to reduce clearing and broker charges, enhance liquidity, and improve market visibility.
DTC Eligibility facilitates:
- Stock certificate deposits into individual brokerages
- Decrease in broker processing charges
- Removal of printing excessive physical stock certificates by utilizing electronic processing between brokers and DTC
- Decrease in costs connected with courier shipments and tracking
- Easy change in possession of securities between brokers.
ABOUT OTC ADVISORY SERVICES Inc. (www.otcadvisoryservices.com)
OTC Advisory Services Inc. may be the single largest funnel for brand new Canadian and worldwide listings on OTC Markets, getting managed, or advised on, one-third of Canadian public companies presently on the OTCQB and OTCQX platforms. Included in the Grove Number of Companies (world wide web.grovecorp.ca), OTC Advisory supplies a single-point-of-contact, flat-fee plan to qualified non-US companies covering every cost connected having a secondary listing on OTC Markets.
ABOUT Journey TRUST COMPANY (www.odysseytrust.com)
Journey is definitely an independent trust and transfer agent with offices in Calgary, Vancouver and co-agents located in Toronto, U . s . States, London, Hong Kong and Australia.