OTCQX U.S. Standard Requirements Initial Ongoing

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