OTCM QX ADR 30 Index

Brooklyn Investment Group Launches Innovative American Depositary Receipts (ADR) Index in Partnership with Nasdaq

Retrieved on: 
Wednesday, November 1, 2023
American depositary receipt, Index, ADR, Research, Spinal muscular atrophies, NDAQ, Partnership, OTCM QX ADR 30 Index, SMA, Cryptocurrency

The index leverages a liquidity-adjusted weighting methodology to scale index weights down for American Depositary Receipts (ADRs) with liquidity below the underlying stock's market value.

Key Points: 
  • The index leverages a liquidity-adjusted weighting methodology to scale index weights down for American Depositary Receipts (ADRs) with liquidity below the underlying stock's market value.
  • "Together, Brooklyn Investment Group and Nasdaq are pushing the envelope on what's possible in the investment management industry," said Antti Petajisto, Head of Equities at Brooklyn Investment Group.
  • "We're excited to partner with Brooklyn Investment Group to develop an index methodology that creates more opportunities for investors to gain differentiated exposure to the market."
  • The Nasdaq-Brooklyn ADR™ Index is now included in Brooklyn Investment Group's SMA platform and available for financial advisory firms and asset managers through Nasdaq.

OTC Markets Group Announces Quarterly Index Performance and Rebalancing

Retrieved on: 
Thursday, October 19, 2023
Lithium, NYSE, NYSE MKT, OTCQX, ABAT, OTC Markets Group, OTCQB, American Battery Technology Company, Reuters, Bloomberg, OTCM QX ADR 30 Index, FMST, Financial Times, Cryptocurrency, Holding company, Oil, Index

NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the third quarter 2023 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.

Key Points: 
  • NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the third quarter 2023 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.
  • The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was down by 5.8% in Q3 2023.
  • The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies was down by 5.9% in Q3 2023.
  • The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks Index, OTCQX Cannabis Index, and OTCQB Venture Index have minimum liquidity screens to ensure tradability.

OTC Markets Group Welcomes Telenor ASA to OTCQX

Retrieved on: 
Thursday, September 28, 2023
ASA, JPMorgan Chase, Telenor, Oslo, USD, OTCM QX ADR 30 Index, TEL, OTCQX, Security (finance)

NEW YORK, Sept. 28, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Telenor ASA (Oslo Bors: TEL; OTCQX: TELNF; TELNY), a holding company that provides fixed and mobile communication networks through its subsidiaries, has qualified to trade on the OTCQX® Best Market.

Key Points: 
  • NEW YORK, Sept. 28, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Telenor ASA (Oslo Bors: TEL; OTCQX: TELNF; TELNY), a holding company that provides fixed and mobile communication networks through its subsidiaries, has qualified to trade on the OTCQX® Best Market.
  • Telenor ASA upgraded to OTCQX from the Pink® market.
  • Telenor ASA begins trading today on OTCQX under the symbol “TELNF” and “TELNY.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .
  • Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors.

Citi Appointed as Depositary Bank for Arm Holdings plc’s ADR Programme

Retrieved on: 
Tuesday, September 19, 2023
Personal Finance, Finance, Banking, Professional Services, Asset Management, Arm (company), OTCM QX ADR 30 Index, Swanson v. Citibank N.A., US, Citibank, IPO, ADR, Arm, Security (finance), Citigroup

Citi, acting through Citibank N.A., has been appointed by Arm Holdings plc (“Arm”) to act as depositary bank for its initial public offering (the “IPO”) of Arm’s American Depositary Shares (“ADSs” or “ADRs”) representing its ordinary shares.

Key Points: 
  • Citi, acting through Citibank N.A., has been appointed by Arm Holdings plc (“Arm”) to act as depositary bank for its initial public offering (the “IPO”) of Arm’s American Depositary Shares (“ADSs” or “ADRs”) representing its ordinary shares.
  • Arm’s ADR Programme has been established in connection with a US$5.2 billion IPO of its ADRs, priced at US$51 per ADR.
  • The ADRs are listed on the Nasdaq Global Select Market under the symbol “ARM”.
  • Commenting on the appointment, Dirk Jones, Global Head of Issuer Services, at Citi said: “I am delighted that Citi has been selected by Arm as its ADR depositary for this listing.

Stora Enso begins trading on the OTCQX market

Retrieved on: 
Friday, September 15, 2023
OTCQX, OTCM QX ADR 30 Index, Citibank, American depositary receipt, Security (finance)

HELSINKI, Sept. 15, 2023 /PRNewswire/ -- Stora Enso Oyj has upgraded the trading of its American Depository Receipts (ADRs) and Ordinary Shares to the OTCQX® Best Market from the Pink® market.

Key Points: 
  • HELSINKI, Sept. 15, 2023 /PRNewswire/ -- Stora Enso Oyj has upgraded the trading of its American Depository Receipts (ADRs) and Ordinary Shares to the OTCQX® Best Market from the Pink® market.
  • Stora Enso begins trading today on OTCQX under the symbols "SEOAY, SEOFF, SEOJF".
  • Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors.
  • To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

Attorneys Kaan Ozcelik and Adem Gokmen's New Book Sheds Light on Global Equities Markets and ADRs

Retrieved on: 
Friday, September 8, 2023
OTCM QX ADR 30 Index, OTC Markets Group, IPO, American depositary receipt, The International Stock Exchange, NYSE, History, Behavior, Comment, Security (finance), Gökmen

İSTANBUL, Türkiye, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Kaan Ozcelik and Adem Gokmen, recognized experts in the fields of corporate law, have announced their intensive work, which will serve as a valuable resource on international stock exchange, is finally ready to release. The collaborative effort of two professionals from Usul Ventures, a leading consultancy firm based in Turkey, unveils different aspects of a long-term practice about corporate law in a comprehensive guidebook that delves into the intricacies of share issuance by companies and cross-listing to international capital markets. The long-awaited release of the work, titled “Listing of Companies on International Stock Exchanges” offers a deep understanding of famous capital markets, including NYSE, NASDAQ, OTC Markets, and Borsa Istanbul, aiming to redefine the trajectory of finance.

Key Points: 
  • Ozcelik and Gokmen have been working on this project to demystify the complexities of global equities markets.
  • One of the book's standout features is the endorsement it received from Jakob Paltrowitz, Executive Vice President of OTC Markets.
  • This book provides the reader with a thoughtful yet digestible guide to better understand the global equities markets.
  • The launch of “Listing of Companies on International Stock Exchanges” marks a significant milestone in the field of global equities and corporate law.

OTC Markets Group Welcomes American Rare Earths Ltd to OTCQX

Retrieved on: 
Tuesday, August 15, 2023
ASX, II, OTCM QX ADR 30 Index, Indian stock exchange, OTCQX, Rare-earth element, Security (finance)

NEW YORK, Aug. 15, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced American Rare Earths Ltd (ASX: ARR; ADRs - OTCQX: AMRRY; Common Shares - OTCQB: ARRNF; FSE:1BHA), a mineral exploration entity focused on the discovery and development of rare earths and other critical minerals in North America and Australia, has qualified to trade on the OTCQX® Best Market.

Key Points: 
  • NEW YORK, Aug. 15, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced American Rare Earths Ltd (ASX: ARR; ADRs - OTCQX: AMRRY; Common Shares - OTCQB: ARRNF; FSE:1BHA), a mineral exploration entity focused on the discovery and development of rare earths and other critical minerals in North America and Australia, has qualified to trade on the OTCQX® Best Market.
  • American Rare Earths Ltd begins trading today on OTCQX under the symbol “AMRRY.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .
  • Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets.
  • “We are pleased to reach the milestone of trading on OTCQX, as this will make it easier for our U.S. investors to invest in American Rare Earths by reducing the requirement of having an Australian trading account,” said Donald S. Swartz, II, CEO of American Rare Earths.

American Rare Earths Announces that its Sponsored Level 1 ADR Program begins trading on OTCQX market

Retrieved on: 
Tuesday, August 15, 2023
ADR, ASX, American Rare Breed Association, Australian Securities Exchange, II, OTCM QX ADR 30 Index, BNY Mellon, ARR, OTCQX, Growth, Bank, Rare-earth element, Security (finance)

DENVER, Colo., Aug. 15, 2023 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY| Common Shares - OTCQB: ARRNF|FSE:1BHA) (ARR or the Company) announced today the launch of its sponsored Level 1 American Depositary Receipts Program ("ADR Program") which will commence trading on the OTCQX market under ticker symbol AMRRY on August 15, 2023.

Key Points: 
  • DENVER, Colo., Aug. 15, 2023 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY| Common Shares - OTCQB: ARRNF|FSE:1BHA) (ARR or the Company) announced today the launch of its sponsored Level 1 American Depositary Receipts Program ("ADR Program") which will commence trading on the OTCQX market under ticker symbol AMRRY on August 15, 2023.
  • This will complement American Rare Earths’ listing on the Australian Securities Exchange ("ASX").
  • American Rare Earths’ ADRs will trade on the OTCQX under the symbol AMRRY and represent 1 ADR for every 50 ASX-traded ARR ordinary shares.
  • This market announcement has been authorized for release to the market by the Board of American Rare Earths Limited.

OTC Markets Group Announces Quarterly Index Performance and Rebalancing

Retrieved on: 
Friday, August 4, 2023
Denarius, OTC Markets Group, Reuters, Financial Times, OTCQB, OTCM QX ADR 30 Index, Bloomberg, OTCQX, Cryptocurrency, Holding company, Oil, Q2, Index

NEW YORK, Aug. 04, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the second quarter 2023 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.

Key Points: 
  • NEW YORK, Aug. 04, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the second quarter 2023 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.
  • The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was up slightly by 0.5% in Q2 2023.
  • The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies was up slightly by 0.8% in Q2 2023.
  • The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks Index, OTCQX Cannabis Index, and OTCQB Venture Index have minimum liquidity screens to ensure tradability.

ADR Ratio Change

Retrieved on: 
Thursday, June 22, 2023
Ratio, ADR, American depositary receipt, Brain, Old, Medication, OTCM QX ADR 30 Index, BNY Mellon, Bank, CUSIP, Security (finance)

Biodexa Pharmaceuticals PLC (Nasdaq: BDRX), a clinical-stage biopharmaceutical company developing a pipeline of products aimed at primary and metastatic cancers of the brain,  announces a ratio change on its American Depositary Receipts (“ADR”) from one (1) ADR representing five (5) ordinary shares, to the new ratio of one (1) ADR representing four hundred (400) ordinary shares (the "Ratio Change").

Key Points: 
  • Biodexa Pharmaceuticals PLC (Nasdaq: BDRX), a clinical-stage biopharmaceutical company developing a pipeline of products aimed at primary and metastatic cancers of the brain,  announces a ratio change on its American Depositary Receipts (“ADR”) from one (1) ADR representing five (5) ordinary shares, to the new ratio of one (1) ADR representing four hundred (400) ordinary shares (the "Ratio Change").
  • Pursuant to the Ratio Change, effective 5 July 2023, ADR holders will be required on a mandatory basis to surrender their ADRs for cancellation and exchange to receive one (1) new ADR (New CUSIP: 59564R708) for every eighty (80) old ADRs (Old CUSIP: 59564R609).
  • For ADR holders, the Ratio Change will have the same effect as a one-for-eighty reverse ADR split.
  • The Ratio Change is aimed to bring the price of the Company’s ADRs into compliance with the Nasdaq $1.00 minimum bid price per share requirement, though Midatech can give no assurance that the Ratio Change will be effective in achieving this goal.