- Filed an application to be quoted on the OTCQB, a U.S. market operated by OTC Markets Group Inc. in New York.
- The Company will continue to trade on the TSX Venture Exchange under its symbol “UPI” and the Frankfurt Stock Exchange under its symbol “8LH”.
- In addition, the Company is working to secure DTC eligibility with The Depository Trust Company for electronic settlement and transfer of its common shares in the United States.
Toronto, Ontario–(March 4, 2021) – Universal PropTech Inc. (TSXV: UPI) (FSE: 8LH) (“UPI” or the “Company“) is pleased to announce that is has filed an application to be quoted on the OTCQB, a U.S. market operated by OTC Markets Group Inc. (“OTC“) in New York. The Company will continue to trade on the TSX Venture Exchange under its symbol “UPI” and the Frankfurt Stock Exchange under its symbol “8LH”. In addition, the Company is working to secure DTC eligibility with The Depository Trust Company (“DTC“) for electronic settlement and transfer of its common shares in the United States.
Chris Hazelton, CEO of Universal PropTech commented, “UPI is excited to provide US institutional and retail investors this opportunity to join our journey through the OTCQB.” Mr. Hazelton continued, “We love our Canadian roots, but our plans and visions include being traded in the largest economy on the planet and demonstrate our investment capabilities in technologies with global impacts, such as SpotLight19.”
The OTC operates the world’s largest electronic interdealer quotation system for US broker dealers and offers multiple media channels to increase the visibility of OTC-listed companies. Trading on the OTCQB market enables companies to efficiently build broader investor awareness and provide U.S. investors with a seamless trading facility to more easily trade through the broker of their choice.
Obtaining quotation of the Company’s common shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements. The quotation of Universal PropTech shares is expected to begin upon securing the approval from the OTC. As more information becomes available, the Company will keep its shareholders up-to-date on the status of the application.
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Tags: AI, Big data, Cloud Computing, Delta-X Global Corp., investing, IOT, PropTech, SpotLight19