Mobilum Technologies Inc. (CSE:MBLM) said it has received approval to uplist to the OTCQB and will commence trading from today, November 23, 2022, under the symbol MBLMF.
The company will continue to trade on the Canadian Securities Exchange under the symbol MLBM.
"We are pleased to announce that we have met all requirements and are now listed on the OTCQB Venture Market," said Mobilum Technologies CEO Steven LaBella in a statement. "Listing on the OTCQB is another important milestone for Mobilum and we are confident the uplisting will bring additional value to our shareholders."
READ: Mobilum Technologies posts higher revenue in second quarter
The OTCQB is the premier marketplace for early-stage and development-stage US and international companies committed to providing a high-quality trading and information experience for their US investors.
To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo a company verification and management certification process every six months.
The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. More than 10,000 companies trade on over-the-counter (OTC) markets in the US.
Trading on this US marketplace provides Mobilum Technologies' current and future US-based investors with greater access to data, home country disclosure, ease of trading, and transparency, the company added.
Mobilum Technologies is a technology-driven Digital Service Provider (DSP) with a mission to make digital assets and cryptocurrencies accessible through traditional finance and payment infrastructure and digital asset management technologies, providing solutions for Exchanges, Wallets and Cryptocurrency Businesses, NFTs marketplaces, Protocols, Decentralized Applications and Decentralized Autonomous Organizations, Metaverse and Play-to-Earn games, and Traditional Finance Institutions (Banks, Hedge Funds, Insurance and Fintech companies) opening its doors to digital assets space.
The company's goal is to allow consumers around the world to convert fiat-to-crypto and crypto-to-fiat with Mobilum's on-ramp and off-ramp solutions.
Contact the author at jon.hopkins@proactiveinvestors.com