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Posted On: 03/03/2022 8:43:20 PM
Post# of 6857
OTCQX U.S. Standard Requirements
Initial
Ongoing
Penny Stock Rule
Meet one of the following exemptions detailed below:
Net Tangible Assets:
$5mm: Less Than 3 Years Operations
$2mm: 3+ Years Operations
OR
Revenue:
$6 million average for last 3 years
OR
Bid:
$5; and
One of the below:
Net Income: $500,000
Net Tangible Assets: $1mm
Revenues: $2mm
Total Assets: $5mm
Bid Price
$0.25
$0.10
Market Cap
$10mm
$5mm
Price Quotes by Market Makers on OTC Link ATS
1
2 (within 90 days)
Shareholders
50 beneficial shareholders each owning at least 100 shares
50 beneficial shareholders each owning at least 100 shares
OTCQX Premier Requirements
Initial
Ongoing
Penny Stock Rule
Meet one of the following exemptions detailed below:
Net Tangible Assets:
$2mm
OR
Revenue:
$6 million average for last 3 years
Bid Price $4.00 $1.00
Stockholders Equity
$4mm
$4mm
Price Quotes by Market Makers on OTC Link
1
4 (within 90 days)
Public Float 500,000 shares 500,000 shares
Shareholders
100 beneficial shareholders each owning at least 100 shares
100 beneficial shareholders each owning at least 100 shares
Operating history
3 years
Must meet one of the following standards:
Market Value Standard:
Market Value of Public Float
$15mm $15mm
Market Capitalization
$50mm $35mm
OR
Net Income Standard:
Market Value of Public Float
$1mm $1mm
Net Income
$750,000 $500,000
Market Capitalization
$10mm $5mm
Initial
Ongoing
Penny Stock Rule
Meet one of the following exemptions detailed below:
Net Tangible Assets:
$5mm: Less Than 3 Years Operations
$2mm: 3+ Years Operations
OR
Revenue:
$6 million average for last 3 years
OR
Bid:
$5; and
One of the below:
Net Income: $500,000
Net Tangible Assets: $1mm
Revenues: $2mm
Total Assets: $5mm
Bid Price
$0.25
$0.10
Market Cap
$10mm
$5mm
Price Quotes by Market Makers on OTC Link ATS
1
2 (within 90 days)
Shareholders
50 beneficial shareholders each owning at least 100 shares
50 beneficial shareholders each owning at least 100 shares
OTCQX Premier Requirements
Initial
Ongoing
Penny Stock Rule
Meet one of the following exemptions detailed below:
Net Tangible Assets:
$2mm
OR
Revenue:
$6 million average for last 3 years
Bid Price $4.00 $1.00
Stockholders Equity
$4mm
$4mm
Price Quotes by Market Makers on OTC Link
1
4 (within 90 days)
Public Float 500,000 shares 500,000 shares
Shareholders
100 beneficial shareholders each owning at least 100 shares
100 beneficial shareholders each owning at least 100 shares
Operating history
3 years
Must meet one of the following standards:
Market Value Standard:
Market Value of Public Float
$15mm $15mm
Market Capitalization
$50mm $35mm
OR
Net Income Standard:
Market Value of Public Float
$1mm $1mm
Net Income
$750,000 $500,000
Market Capitalization
$10mm $5mm
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