Victory Square Technologies Inc. (OTCQX: VSQTF) (CSE: VST) is pleased to announce the Company’s approval to graduate to the OTCQX Best Market as a foreign issuer, with full DTC eligibility now in process. The Company’s common shares are scheduled to commence trading on the OTCQX under the symbol “VSQTF” effective August 22, 2018.
Graduation to the OTCQX Best Market provides added service, value and convenience to U.S. investors, brokers and institutions seeking to trade “VSQTF” while DTC eligibility simplifies and accelerates the settlement process of daily trades. The OTCQX Best Market is OTC Markets Group’s premier market for established, investor-focused U.S. and international companies. To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction.
“As an emerging technology company with global aspirations in game-changing tech such as Artificial Intelligence, Blockchain, Virtual and Augmented Reality, we’re very pleased to join the OTCQX and the dynamic pipeline it gives us to U.S. and international investors,” said Shafin Diamond Tejani, Chief Executive Officer of Victory Square Technologies. “Without question this is a positive move for Victory Square and our portfolio companies, as the OTCQX enhances shareholder value through increased visibility and liquidity by attracting a broader range of retail and institutional investors, while upholding high standards for transparency.”
Victory Square was sponsored for the OTCQX by Clark Wilson LLP, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
“We are pleased to welcome Victory Square Technologies, a member of the CSE25 index of the largest CSE-listed companies, to the OTCQX Best Market,” said Jason Paltrowitz, Executive Vice President of OTC Markets Group. “International companies on the OTCQX Market, on average, have increased U.S. ownership and improved liquidity in their home market, according to a recent study conducted by Oxford Metrica. Cross-trading on the CSE in Canada and the OTCQX Market in the U.S. will enable Victory Square Technologies to efficiently build global investor awareness and enhance disclosure in the U.S.”
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