VerticalScope Commences Trading on the OTCQX Best Market
17 July 2024 - 9:00PM
Business Wire
VerticalScope Holdings Inc. (“VerticalScope” or the “Company”)
(TSX: FORA; OTCQX: VFORF), a technology company that has built and
operates a cloud-based digital platform for online enthusiast
communities, today announced the Company has qualified to trade on
the OTCQX® Best Market under the symbol “VFORF.” VerticalScope will
continue to trade on the Toronto Stock Exchange under the symbol
“FORA.”
Rob Laidlaw, Founder, Chair and CEO of VerticalScope stated,
“Having direct access to the OTCQX quotation and trading platform
is an important milestone, making it easier for our U.S. employees
and investors to invest in VerticalScope by eliminating the
requirement of maintaining a Canadian trading account.
Additionally, we are confident that the transparent and efficient
OTCQX platform will increase exposure and profile with U.S. private
and institutional investors, representing a stepping stone towards
a potential senior exchange listing in the U.S. as we continue to
scale our digital enthusiast community platform.”
The OTCQX, operated by OTC Markets Group Inc., is the highest
tier of OTC Markets, where over 12,000 U.S. and international
securities are traded. It offers a valuable and convenient trading
experience for U.S. investors, brokers, and institutions.
Eligibility for trading on this platform requires companies to
fulfill stringent financial and governance standards, adhere to
U.S. securities laws, and maintain transparent and current
disclosure. U.S. investors can find current financial disclosure
and Real-Time Level 2 quotes for VerticalScope on
www.otcmarkets.com.
JWTT Inc. acted as the Company’s OTCQX sponsor.
About VerticalScope Holdings Inc.
VerticalScope is a technology company that has built and
operates a cloud-based digital platform for online enthusiast
communities in high-consumer spending categories. VerticalScope's
mission is to enable people with common interests to connect,
explore their passions and share knowledge about the things they
love. Through targeted acquisitions and development, VerticalScope
has built a portfolio of over 1,200 online communities and more
than 110 million monthly active users.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets
for trading 12,000 U.S. and international securities. The
data-driven disclosure standards form the foundation of its three
public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink®
Open Market. The OTC Link® Alternative Trading Systems (ATSs)
provide critical market infrastructure that broker-dealers rely on
to facilitate trading. Its innovative model offers companies more
efficient access to the U.S. financial markets. OTC Link ATS, OTC
Link ECN and OTC Link NQB are each an SEC regulated ATS, operated
by OTC Link LLC, a FINRA and SEC registered broker-dealer, member
SIPC. To learn more, visit www.otcmarkets.com.
Forward-Looking Statements:
This news release contains forward-looking information within
the meaning of applicable securities legislation that reflects
VerticalScope's current expectations regarding future events. When
used in this news release, words such as “should”, “could”,
“intended”, “expect”, “plan” or “believe” and similar expressions
indicate forward-looking statements. Forward-looking information,
including statements regarding the impact of the qualification to
trade on the OTCQX® Best Market and related strategies, including
with respect to access to capital and increased investor liquidity,
exposure and profile, is based on a number of assumptions and is
subject to a number of risks and uncertainties, many of which are
beyond VerticalScope's control. Although VerticalScope believes
that its expectations reflected in these forward-looking statements
are reasonable, such statements involve risks and uncertainties and
no assurances can be given that actual results will be consistent
with these forward-looking statements. Such risks and uncertainties
include, but are not limited to, the factors discussed under "Risk
Factors'' in VerticalScope’s Annual Information Form dated April 1,
2024, which is available on VerticalScope’s profile on SEDAR+ at
https://sedarplus.ca. Actual results could differ materially from
those projected herein. VerticalScope does not undertake any
obligation to update such forward-looking information, whether as a
result of new information, future events or otherwise, except as
expressly required under applicable securities laws.
Source: VerticalScope Holdings Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20240717996195/en/
VerticalScope – Vincenzo Bellissimo, Chief Financial Officer,
IR@verticalscope.com FNK IR – Matt Chesler, CFA, Tel: 646-809-2183,
fora@fnkir.com OTC Markets Group Inc. – 212-896-4428,
media@otcmarkets.com
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