Bountiful, Utah-- (Newsfile Corp. - September 14, 2022) - KwikClick, Inc. (OTC Pink: KWIK), is pleased to announce that it will begin the process for moving off the OTC Pink Sheets and uplisting to. We even store completed forms and supporting documents so they will be readily accessible for future reference. James Chen, CMT is an expert trader, investment adviser, and global market strategist. In any event, the independence requirement must be satisfied within one year of the Company joining OTCQB. pWE .EGG``R@6YA `y[M9 - U kunt uw keuzes te allen tijde wijzigen door te klikken op de links 'Privacydashboard' op onze sites en in onze apps. Bank Reporting Companies must file, through the OTC Disclosure & News Service, all reports required to be filed with the Companys Banking Regulator including Call Reports and audited Annual Reports. In addition, OTC Markets can temporarily suspend trading on the OTCQB pending investigation or further due diligence review. 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. 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. Permit the Company to identify itself as an OTCQB Company on its websites and investor relations materials, including news releases. 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. A company incorporated in the U.S. or Canada must assign a registered. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. The middle tier of OTC Markets OTCQB is known as The Venture Market. OTC Markets Group logo. OTC Link is registered with the Securities and Exchange Commission (SEC) as a broker-dealer and also as an alternative trading system (ATS). Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. Definition, Criteria for Stocks, and Other Tiers, Over-the-Counter (OTC): Trading and Security Types Defined, OTC Pink: Definition, Company Types, Investment Risks. What Is the Regulation SHO Short Seller Rule? Instead, bank reporting companies are required to post their previous two years and ongoing yearly disclosure that was and is filed with the companys bank regulator, on the OTC Markets website. OTC Markets | Official site of OTCQX, OTCQB and Pink Markets Companies also need to demonstrate that they are in compliance with all federal and state reporting standards. Information required to be released quickly to the public under this section 2.2(7) should be disclosed in a press release or through the OTC Disclosure & News Service or through an Integrated Newswire. Entitle Level 2 Quote Display service for the Companys securities on OTC Markets Groups websites and the Companys corporate websites. Week 1. Requirements for Ongoing Qualification for Quotation on the OTCQX. 2022 ANTHONY L.G., PLLC . Eligibility Criteria The International company must meet the above eligibility requirements as of the end of each most recent fiscal year; Compliance with Rules OTCQX quoted companies must maintain compliance with the OTCQX rules, including disclosure requirements. U.S. OTCQB companies will be required to remain current in their SEC reporting obligations. Upon application for quotation on the OTCQX, Companies must pay an initial non-refundable fee of $5,000. OTCMarkets processes the filings it receives in the order that they were received. Lees ons privacybeleid en cookiebeleid voor meer informatie over hoe we uw persoonsgegevens gebruiken. OTC Markets Group will review the Application and Agreement pursuant to Section 1.4 of these of these OTCQB Standards. Toronto Fc Adidas Men's 2020 Authentic Travel Jacket. All international companies that are quoted on the OTCQX must submit an application and pay an application fee. The over-the-counter or OTC market is a decentralized market where securities not listed on major exchanges are traded directly by a network of dealers. 625 N. Flagler Drive, Ste, 600 West Palm Beach, FL 33401, Corporate and Securites Law Practice Areas, Five Benefits of Going Public by Reverse Merger with a Public Shell, Cryptocurrency Securities and Initial Coin Offerings (ICOs), Distributed Ledger Technology (Blockchain Technology), Smaller Reporting Companies (SRCs) and Emerging Growth Companies (EGCs), SEC Statutes, Rules, Regulations, and Schedules, Principal American Liaison and Designated Advisors for Disclosure. Regulation A+ Standards: The reporting standard for a Company subject to the reporting obligations under Tier 2 of Regulation A under the Securities Act. Als u niet wilt dat wij en onze partners cookies en persoonsgegevens voor deze aanvullende doeleinden gebruiken, klik dan op 'Alles weigeren'. International issuers on the pinksheets are not required to be reporting with the SEC nor are they required to qualify for the Rule 12g3-2(b) exemption from SEC registration for foreign private issuers. Since uplisting, the stock . Founding Partner Revenues steadily grew from $1.7 million in 2014 to $34.5 million in 2018 but for this fiscal year revenues will be about the same as for 2018. Entities that do not meet the requirements of either OTCQX or OTCQB will be quoted on the OTC Pink. 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. I` H2vnI ) Als u uw keuzes wilt aanpassen, klik dan op 'Privacyinstellingen beheren'. The company's OTC stock skyrocketed, gaining 50 percent of market value in the following month. Business 101: Adding Extra Value to Convert Leads into Customers (Pt. About OTC Markets Group and the OTCQB Venture Market. The Timeline of the Application. We can help you get started with your listing through our OTC stock transfer agent services. Timely Disclosure of Material News Releases/Developments An OTCQB Company is expected to release quickly to the public any news or information which might reasonably be expected to materially affect the market for its securities. These are the OTCQX, the OTCQB, and the OTC Pink. They gained on average 20% on the six months prior to uplist, on average another 10% to new 52 week highs and currently trade at 29% . OTC Markets Group Inc. operates financial markets for 11,000 U.S. and global . Transportation and Logistics Systems Files to Uplist to OTCQB Venture Market: Stock Gains. The Company and its subsidiaries, Helix House and Alchemy Technologies, work together to deliver premium marketing, lending, and customer financing solutions to small business owners around the world. Entities that do not meet the requirements of either OTCQX or OTCQB will be quoted on the OTC Pink. From SMB to Lending Technology: The Business Warrior Journey. In order to move a company from over-the-counter market to a major exchange, a number of conditions must be met to being listed on the NYSE or Nasdaq. 7L)`Dg O By Hamilton & Associates Law Group, P.A., Florida. Include the firm and attorney name if outside counsel, or name and title if internal counsel. Be quoted by a market maker on the OTC Link (which requires a 15c2-11 application if the company is not already quoted on a lower tier of OTC Markets); Not be in bankruptcy or reorganization proceedings; Be included in a Recognized Securities Manual or be subject to the reporting requirements of the Exchange Act; 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 companys securities are listed on a non-U.S. exchange that is not a Qualified Foreign Stock Exchange, then at the companys request and subsequent to the company providing OTC Markets Group with personal information forms for each executive officer, director, and beneficial owner of 10% or more of a class of the companys securities and such other materials as OTC Markets Group deems necessary to make an informed determination of eligibility, OTC Markets Group may, upon its sole and absolute discretion, consider the companys eligibility for OTCQX International; Meet one of the following conditions: (i) be eligible to rely on the registration exemption found in Exchange Act Rule 12g-2(b) and be current and compliant in such requirements; or (ii) have a class of securities registered under Section 12(g) of the Exchange Act and be current in its SEC reporting requirements; or (iii) if such company is not eligible to rely on the exemption from registration provided by Exchange Act Rule 12g3-2(b) because it does not (A) meet the definition of foreign private issuer as that term is used in Exchange Act Rule 12g3-2(b) or (B) maintain a primary trading market in a foreign jurisdiction as set forth in Exchange Act Rule 12g3-2(b)(ii), and is not otherwise required to register under Section 12(g), be otherwise current and fully compliant with the obligations of a company relying on the exemption from registration provided by Exchange Act Rule 12g3-2(b). Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Timelines: In most cases the complete listing process will take 60-90 days, . This support improves our financial outlook and enables us to take advantage of major growth opportunities. Q. A company also has to meet a minimum bid price of $0.10 per share during the preceding 30 days. Over the counter securities are traded on OTC Markets, through an online alternative trading system (ATS) that includesbroker-dealers and market makers. Moreover, a foreign entity must submit a letter of introduction from a qualified PAL which states that the PAL has a reasonable belief that the company is in compliance with SEC Rule 12g3-2(b), is listed on a Qualified Foreign Exchange, and has posted required disclosure on the OTC Markets website. The Company must file, through the OTC Disclosure & News Service, an OTCQB Certification signed by either the CEO or CFO stating the following: The provision under which the Company is registered with the, The Company is current in its reporting obligations as of the most recent fiscal year end and any subsequent reporting periods and that such information has been filed either on. OTC Markets Group may remove the Companys securities from trading on the OTCQB market for the Companys failure to meet the requirements set forth in Section 2 of these OTCQB Standards or any other obligations under these OTCQB Standards, which determination shall be made by OTC Markets Group in its sole and absolute discretion, unless such failure is cured within the time frames set forth below: OTC Markets Group may, in its sole and absolute discretion, provide additional time to cure, provided, however, that to remain on OTCQB a Company must at all times have on file audited financials dated within the prior 18 months as required to qualify for the Blue Sky securities secondary trading exemptions described in Section 2.2(5) of these OTCQB Standards. International issuers on the OTCQB must either be fully reporting and current in their SEC reporting obligations or qualify for the Rule 12g3-2(b) exemption from SEC registration for foreign private issuers. 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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? What Was the Over-the-Counter Bulletin Board (OTCBB)? The exact timeline can vary depending on a number of factors, including: A company needs to file certain regulatory disclosures with the SEC or OTC before applying for acceptance onto the OTC. The initial disclosure includes: All companies will be required to file an initial and annual certification on the OTC Markets website, signed by the CEO and/or CFO, stating: An application to OTCQB can be delayed or denied at OTC Markets sole discretion if they determine that admission would be likely to impair the reputation or integrity of OTC Markets Group or be detrimental to the interests of investors. 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. A company may voluntarily withdraw from the OTCQB with 24 hours notice. As such, traders would be well served to implement strong due diligence before committing their capital. In our opinion an OTCQB listing would be advisable, it just has an additional layer of compliance, we can start with the Pink Sheet Listing and you can choose to uplist to OTCQB or QX, if desired. Pinksheets are available to ADRs and foreign ordinary securities of companies traded on a Qualifying Foreign Stock Exchange. Qualified Foreign Exchange. . A foreign issuer may not rely on the rule if it is otherwise subject to the Exchange Act reporting requirements. Regulation A Reporting Companies must file all reports required to be filed on EDGAR. Inquiries of a technical nature are always encouraged. Influencer Marketing: Yay or Nay for Med Spas? Week 1. hbbd```b``kA$S2X"@$d. Identify any law firm and attorney(s) that acted as the Companys primary legal counsel in preparing its most recent annual report. About OTC Markets Group and the OTCQB Venture Market. R F ?+G#yO1&2aqdF )BUe"8MO ]K1XZ40U1brD3@ %qO If no attorney assisted in putting together the disclosure, the Company must identify the person or persons who prepared the disclosure and their relationship to the company. If any of the beneficial shareholders are corporate entities, provide the name and address of the person(s) owning or controlling such corporate entities and the resident agents of the corporate entities. The application is subject to review and comment by OTC Markets. In general, it takes a company between 6 and 12 months to get listed on the OTC Markets. Contact us now. Special Considerations Stocks trading in the OTCQB have many of the same protections as. The approval process and compliance review can take up to 3-4 weeks after submission of the application. There are two main reasons that companies up-list. dUrrt7/$JTZV(GeC-h4tBF= 2 a_WV`jF+*P}vdK'- Tk{}@hxuH0 s_,Bp&{Gc(XJ0gtlqAjd>9H" 5Ff 2V*+@4 tq@RD0fbI T{l@_1{! bIpJ ebpn*{ ,9|2 Derplicit 2 yr. ago Could take up to 4 weeks. Companies applying for sale on the OTC also need to show that they are not a penny stock, not a shell company, and not subject to any active reorganization or bankruptcy proceedings that would prohibit listing. In the event the Company is moving to the OTCQB from the OTCQX, it must have a minimum closing bid price of $.01 for at least one (1) of the 30 calendar days immediately preceding; Companies may not be subject to bankruptcy or reorganization proceedings the Company's application; 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. SEC Reporting Companies must file all reports required to be filed on EDGAR. Business Warrior is well on its way to becoming a global brand synonymous with small business success., Business Warrior is a SaaS company focused on helping small businesses solve two of the biggest challenges to owning and operating a business: customer acquisition and access to funding. An OTCQB Company is expected to release quickly to the public any news or information which might reasonably be expected to materially affect the market for its securities. The company must comply with Exchange Act Rule 10b-17 and FINRA rule 6490 regarding notification and processing of corporate actions (such as name changes, splits and dividends). Stocks trading in the OTCQB havemany of the same protections as more established, larger stocks. Alternative Reporting Standard: The reporting standard for a Company incorporated in the U.S. that is not an SEC Reporting Company, Bank Reporting Company, Regulation A Reporting Company or International Reporting Company, and that makes disclosure available through the OTC Disclosure & News Service pursuant to the.
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