OTC Markets is introducing OTCID, a Basic Reportin

OTC Markets is introducing OTCID, a Basic Reporting Market, to replace the current Pink Current market. This means that companies listed on OTCID will be required to provide a basic level of management certification and ongoing financial disclosure to investors. Essentially, OTCID aims to provide investors with more information about companies trading in the OTC market, improving transparency and compliance.

Here's a more detailed explanation:

What is OTC Markets?
OTC Markets is a decentralized U.S. trading marketplace where companies can trade securities outside of traditional stock exchanges. It's a network of broker-dealers that facilitates trading, rather than a centralized exchange with a physical location.

What is OTCID?
Basic Reporting Market:
OTCID is designed to be a basic reporting market for companies that meet minimal current information disclosure standards and provide management certification.

$SNPW> https://www.otcmarkets.com/file/company/finan...70/content

Replaces Pink Current:
OTCID is replacing the existing Pink Current market, which is being reclassified as OTCID in July 2025. <<<<<<<<<

Focus on Disclosure:
OTCID emphasizes the importance of timely and accurate information disclosure from companies.

Management Certification:
Companies listed on OTCID must provide management certifications, indicating their active involvement in providing and certifying the information available on the OTC Markets website.

Improved Transparency:
By requiring these basic disclosures, OTCID aims to improve transparency and investor confidence.

Why the change?
OTC Markets Group believes that a more transparent and efficient trading environment is beneficial for investors and companies. By introducing OTCID, they aim to:
Provide clearer distinctions between issuers:
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The change aims to provide a clearer distinction between companies that meet basic disclosure requirements and those that don't.
Incentivize company compliance:
.
By requiring basic disclosure and management certifications, OTCID incentivizes companies to be actively engaged and compliant.
Improve investor confidence:
.
Greater transparency and information availability will hopefully lead to increased investor confidence in the OTC market.

Signal risks:
.
Companies that fail to meet the OTCID requirements will be moved to the Pink Limited Market or the Expert Market, signaling to investors the associated risks due to limited information availability.

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