VerticalScope Holdings Inc. Upgrades to OTCQX Best Market, Expanding Trading Opportunities
VerticalScope Holdings Inc., a technology company that operates a cloud-based digital platform for online enthusiast communities, has qualified to trade on the OTCQX Best Market. This upgrade from the Pink market allows VerticalScope Holdings Inc. to provide transparent trading for its U.S. investors. The company will begin trading today on OTCQX under the symbol ‘VFORF’. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for VerticalScope Holdings Inc. on www.otcmarkets.com.
The OTCQX Market is an important step for companies looking to expand their trading opportunities. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. VerticalScope Holdings Inc. met high financial standards, followed best practice corporate governance, and demonstrated compliance with applicable securities laws to qualify for OTCQX.
Rob Laidlaw, Founder, Chair, and CEO of VerticalScope, expressed his excitement about the upgrade, stating that having direct access to the OTCQX quotation and trading platform is an important milestone. It eliminates the requirement of maintaining a Canadian trading account, making it easier for U.S. employees and investors to invest in VerticalScope. Laidlaw also believes that the transparent and efficient OTCQX platform will increase exposure and profile with U.S. private and institutional investors, potentially leading to a senior exchange listing in the U.S. as the company continues to scale its digital enthusiast community platform.
JWTT Inc. acted as VerticalScope Holdings Inc.’s OTCQX sponsor. VerticalScope is a technology company that operates a cloud-based digital platform for online enthusiast communities in high-consumer spending categories. The company’s mission is to enable people with common interests to connect, explore their passions, and share knowledge about the things they love. With over 1,200 online communities and more than 110 million monthly active users, VerticalScope has built a strong portfolio in the online enthusiast space.
OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities. Their data-driven disclosure standards form the foundation of their three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market. OTC Markets Group’s innovative model offers companies more efficient access to the U.S. financial markets, providing critical market infrastructure that broker-dealers rely on to facilitate trading.
In conclusion, VerticalScope Holdings Inc.’s qualification to trade on the OTCQX Best Market opens up new trading opportunities and enhances transparency for its U.S. investors. The company’s cloud-based digital platform for online enthusiast communities continues to scale, attracting a large user base and positioning VerticalScope as a leader in the industry.