QB Requirements, Audited Annual Financials (PCAOB Audit required for U.S. Companies)
Bid price of at least $0.01 for proprietary priced quotations published by a Market Maker in OTC Link**
Not be in bankruptcy
At least 50 Beneficial Shareholders, each owning at least 100 shares
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
Transfer agent that participates in the Transfer Agent Verified Share Program (US Companies only)
International companies must be listed on a Qualified Foreign Exchange and submit a Letter of Introduction from an approved OTCQB Sponsor, or be SEC reporting
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
