Requirements for OTCQX
OTCQX U.S.
* Ongoing operations (no shells, blank check or special purpose acquisition companies);
* A minimum bid price of $0.10 (for preceding 90 business days);
* The company may not be subject to any bankruptcy or reorganization proceedings;
* The company must be duly organized, validly existing and in good standing under the laws of each jurisdiction in which the company is organized;
* At least 50 beneficial shareholders, each owning at least 100 shares of the Company's common stock;
* Ongoing quarterly and audited annual financial reports posted on OTCQX.com, a premier website for qualifying companies (SEC Registered issuers can use EDGAR); and
* Inclusion in the Standard & Poor's Corporation Records or Mergent Manuals (fka Moody's Manuals), which satisfies the Blue Sky requirements for secondary transactions in many states, together with a list of any other states in which the security is Blue Sky compliant and eligible to be sold by brokers in those states;
* DAD Letter of Introduction upon application process completion and quarterly and annually thereafter to Pink OTC Markets Inc. confirming that the issuer has made adequate current information publicly available and meets the tier inclusion requirements
