Adcore Inc (TSX:ADCO) (FRA:ADQ) (OTCQX:ADCOF) announced that its common shares are now qualified for trading on the OTCQX Best Market, the US trading platform operated by the OTC Markets Group Inc (OTCQX:OTCM) in New York.
The stock will trade on OTCQX under the ticker symbol ADCOF and will continue to trade on the TSX under the symbol ADCO and on the Frankfurt Stock Exchange under the symbol ADQ.
The OTCQX is recognized by the US Securities and Exchange Commission as an established public market providing public information for analysis and value of securities. It is considered an important step for companies seeking to provide transparent trading for their US investors.
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With Adcore now traded on OTCQX, the company said it is in the process of securing Depository Trust Company (DTC) eligibility for its common shares. DTC manages electronic clearing and settlement of publicly traded companies across the US and 131 other countries. This will further improve its overall liquidity and help to accelerate the expansion of its shareholder base in North America over time, the company added.
"Many of our US-based investors have been waiting for some while for the company to start trading on the OTCQX,” Adcore CEO Omri Brill said in a statement.
”This is yet another demonstration of the company's commitment to building long-term shareholder value both in the US and Canada. We believe this will complement our Toronto Stock Exchange listing by further broadening our visibility to a large investor audience as we continue to create unique solutions and drive growth as a marketing innovator in the e-commerce sector.”
Toronto-headquartered Adcore provides search engine marketing software solutions and services via automation and machine learning technologies. By combining extensive industry knowledge and experience with its proprietary artificial intelligence engine, the company offers a unique digital marketing solution that empowers entrepreneurs and advertisers by managing and automating their e-commerce store advertising and monitoring and analyzing the performance of their advertising budget to ensure maximum return on investment.
Contact the author at stephen.gunnion@proactiveinvestors.com