As part of the Grove Group of Companies, OTC Advisory Services provides a complete cross border listing services to Canadian and International listed issuers looking to access the U.S. Markets through a secondary listing on the OTC QB or QX Platforms.
At OTC Advisory Services we take the time to provide an overview of how access to the U.S. market can help you achieve greater investor engagement and how listing on the OTC Markets Group can benefit you as an issuer. We explain the required steps as well as the elective steps and work with you to set a budget that suits you.
When engaging OTC Advisory Services for your cross-border listing needs, we will manage the process from end to end including filing of the Form 211, providing OTCQB/OTCQX application support and guidance, provide the sponsor letter of introduction as well as submission to DTC of an application for eligibility including the required legal opinion.
Under Rule 12g3- 2(b) International companies that maintain a listing on a recognized International Stock Exchange can use this exemption to easily have their securities quoted on either the OTCQB or OTCQX platforms without having to go through the registration process or needing to comply with any additional U.S. reporting requirements. Using Rule 12g3-2(b) to list International Companies on OTC QB or QX, the United States capital markets offer the greatest access to investor capital and are the most mature and stable of the world’s financial centers.
An FPI is a corporation or entity that is incorporated outside of the United States, listed on a recognized international exchange and has less than 50% of its current issued and outstanding securities held or controlled by U.S. residents.
To qualify as an FPI under Rule 12g3-2(b) an issuer must:
• Maintain a listing on an approved foreign exchange (i.e. TSX, TSX-V, CSE, NEO)
• File and maintain current reporting in English – meet disclosure requirements of their primary jurisdiction (i.e. SEDAR)
• Be sponsored
• Meet a specific minimum bid price
• Maintain annual certification requirements to the OTC Markets
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