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Posted On: 07/01/2025 7:51:06 AM
Post# of 13638
$SNPW/OTCID https://www.otcmarkets.com/stock/SNPW/quote
OTCID stands for OTC (Over-the-Counter) Identification, and it is the new name for the Pink Current market tier on OTC Markets Group. Effective July 1, 2025, OTCID will replace Pink Current and serve as a basic reporting market for companies that meet minimal disclosure standards and provide management certifications. This change aims to enhance transparency and investor confidence in OTC-listed securities.
Here's a more detailed explanation:
OTC Markets Structure:
OTC Markets Group has three tiers of quotation marketplaces: OTCQX, OTCQB, and OTC Pink (now OTCID).
Transition from Pink Current to OTCID:
The Pink Current market, which previously existed as a basic reporting tier, is evolving into OTCID.
Basic Reporting Market:
OTCID will be a basic reporting market, requiring companies to publish baseline information and provide management certification.
No Qualitative Standards:
Unlike OTCQX and OTCQB, OTCID does not have the same qualitative listing standards, such as minimum asset or revenue requirements.
Enhanced Disclosure:
OTCID requires companies to provide current and accurate disclosures, either through the OTC Disclosure & News Service (DNS), SEC's EDGAR system, or Canada's SEDAR system.
Management Certification:
Companies must complete an annual management certification (or a 12g3-2(b) certification for foreign companies).
Verified Profile:
All OTCID companies need to maintain a verified profile on the OTC Markets website.
Impact on Investors:
The OTCID tier is designed to provide investors with more transparency and better access to company information.
Transition Timeline:
The transition from Pink Current to OTCID is effective July 1, 2025.
$SNPW LETS ROLL
OTCID stands for OTC (Over-the-Counter) Identification, and it is the new name for the Pink Current market tier on OTC Markets Group. Effective July 1, 2025, OTCID will replace Pink Current and serve as a basic reporting market for companies that meet minimal disclosure standards and provide management certifications. This change aims to enhance transparency and investor confidence in OTC-listed securities.
Here's a more detailed explanation:
OTC Markets Structure:
OTC Markets Group has three tiers of quotation marketplaces: OTCQX, OTCQB, and OTC Pink (now OTCID).
Transition from Pink Current to OTCID:
The Pink Current market, which previously existed as a basic reporting tier, is evolving into OTCID.
Basic Reporting Market:
OTCID will be a basic reporting market, requiring companies to publish baseline information and provide management certification.
No Qualitative Standards:
Unlike OTCQX and OTCQB, OTCID does not have the same qualitative listing standards, such as minimum asset or revenue requirements.
Enhanced Disclosure:
OTCID requires companies to provide current and accurate disclosures, either through the OTC Disclosure & News Service (DNS), SEC's EDGAR system, or Canada's SEDAR system.
Management Certification:
Companies must complete an annual management certification (or a 12g3-2(b) certification for foreign companies).
Verified Profile:
All OTCID companies need to maintain a verified profile on the OTC Markets website.
Impact on Investors:
The OTCID tier is designed to provide investors with more transparency and better access to company information.
Transition Timeline:
The transition from Pink Current to OTCID is effective July 1, 2025.
$SNPW LETS ROLL
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