Tiidal Gaming Group Corp (CSE:TIDL) told investors that its shares have started trading on the OTCQB Venture Market today, April 11, 2022, under the ticker symbol TIIDF.
Additionally, the company said it is applying for eligibility for book-entry delivery and depository services of Depository Trust Company, to facilitate electronic settlement of transfers of its shares in the US. This electronic method of clearing securities expedites the receipt of stock and cash and accelerates the settlement process for investors.
Tiidal said DTC eligibility will help enhance its potential investor base and offer a more convenient trading experience for current and future shareholders while enhancing the liquidity of the shares on the OTCQB.
READ: Tiidal Gaming applies to become regulated gaming-related supplier in Ontario
"Today's news is an important milestone towards broadening our market presence across the United States as we engage with our increasingly global investor base,” CEO Tom Hearne said in a statement. "Listing on the OTCQB positions Tiidal Gaming with increased visibility among the American investment community and improved liquidity for our current and prospective shareholders.”
The OTCQB, operated by OTC Markets Group Inc, is designed for developing and entrepreneurial companies in the US and abroad. Companies must be current in their financial reporting and undergo an annual verification and management certification process, including meeting a minimum bid price and other financial conditions. With more compliance and quality standards, the OTCQB provides investors with improved visibility to enhance trading decisions.
Tiidal confirmed that its shares will also continue to trade on the Canadian Securities Exchange under the ticker TIDL.
The company also announced that Carlo Rigillo, a chartered professional accountant with two decades of financial and public markets experience, will become its chief financial officer effective today. Former CFO, Alex McAulay, will assist with a smooth transition, it added.
Tiidal Gaming is a leading media and technology platform enabling next-generation engagement in esports and gaming. It is positioned at the intersection of gaming, media, and betting, enabling its partners to create positive, engaging, and immersive fan and consumer experiences through its industry-leading media and technology offerings.
With deep industry roots and expertise, Tiidal is focused on the next generation of fan and consumer and building the future of game-based entertainment.
Contact the author at stephen.gunnion@proactiveinvestors.com