Ozop Surgical Corp. Announces Successful Up-Listing Approval to OTCQB Marketplace
By MedTech Outlook | Wednesday, March 13, 2019
West Palm Beach, Fla. - Ozop Surgical Corp. (OTCQB: OZSC), announces that effective today it now trades on the OTCQB Venture Market for early stage and developing U.S. and international companies. Click here to see interview with Michael Chermak, CEO of Ozop, https://www.youtube.com/embed/-BDs9I_I8Ac. To qualify for the listing, companies must be current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com/stock/OZSC/quote.
“Our Company is committed to the high level of financial and corporate disclosure that is required for this listing category, which demonstrates our continued commitment to our shareholders. We believe that trading on the OTCQB and being DTC eligible will raise the visibility of the Company, enhance trading liquidity, and broaden our shareholder base as we move forward with market acceptance and penetration of our products and services,” stated Michael Chermak, CEO of Ozop.
“These milestones open the door to institutional investors and market makers who were not previously able to buy and sell shares of our Company. Now they may execute on unsolicited orders and also make recommendations to clients as they so choose. Meeting the increased compliance and information requirements of OTCQB provides our investors greater confidence in the information disclosed by the Company and ensures our commitment to accountability and transparency.”
In 2014, OTC Markets Group introduced standards and eligibility requirements for OTCQB with the goal of making it a better venture marketplace. To be eligible, companies must be current in their reporting to a U.S. or foreign regulator, pass a minimum bid price test of one penny ($0.01), maintain a public float above 5% of total shares issued and outstanding and a market value of public float of at least $2 million and undergo an annual verification and management certification process providing additional information about the company’s insiders, advisors and share count, among other things. Companies that are approved to trade on OTCQB receive access to additional premium services to help them build visibility and improve transparency for investors.