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Re: RDY2ROCK post# 7860

Tuesday, 11/12/2024 9:51:15 AM

Tuesday, November 12, 2024 9:51:15 AM

Post# of 23422
The OTCQX is the highest tier of the OTC market and is designed for more established companies that meet higher standards of financial reporting, corporate governance, and transparency.
Sponsor Requirement
OTCQX Sponsor: To qualify for OTCQX, the company must be sponsored by an OTCQX-approved sponsor. This sponsor is usually a law firm, investment bank, or other qualified third party that assists in the application process and ensures the company meets the necessary requirements for transparency, compliance, and investor protection.
Summary of Key Points:
Audited Financials (2 years minimum).
Up-to-date SEC or home country regulatory filings.
No material defaults or legal issues.
Sufficient trading history and price per share ($0.01 or more).
Independent governance and audit committees.
OTCQX Sponsor required.
Ongoing compliance with transparency and governance standards.


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