Optec International Inc (OPTI)

[billytbone]

Eligibility Requirements


•U.S. companies must have audited annual financials by a PCAOB auditor. (Tier 2 Regulation A Companies are exempt from requirement to use a PCAOB auditor for their initial audit)


•Meet minimum bid price test of $0.01


•Not be in bankruptcy


•Have at least 50 Beneficial Shareholders, each owning at least 100 shares


•Have a freely traded Public Float of at least 10% of the total issued and outstanding of that security.

Companies with a freely traded Public Float of at least 5% (and $2 million in market value of public float), or a separate class of securities traded on a national exchange may apply for an exemption (see OTCQB Standards)


•Have a transfer agent that participates in the Transfer Agent Verified Share Program (US Companies only)


•International companies must be listed on a Qualified Foreign Exchange (or SEC Reporting) and submit a Letter of Introduction from an approved OTCQB Sponsor



Reporting Requirements


Meet one of the following Reporting Standards:

•SEC Reporting Standard


•Regulation A Reporting Standard (Tier 2)


•U.S. Bank Reporting Standard


•International Reporting Standard


•Alternative Reporting Standard



Timely disclosure of material news


Corporate Governance Requirements (Alternative Reporting only)


•Have a board of directors that includes at least two Independent Directors


•Have an Audit Committee, a majority of the members of which are Independent Directors



Verification Requirements


•Maintain a Verified Company Profile


•Post initial and annual verification and management certification
https://www.otcmarkets.com/corporate-services/get-started/otcqb