Verde Announces the Commencement of OTCQX Trading
SINGAPORE, May 29, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd. (TSX: NPK; OTCQX: VNPKF) ("Verde” or the “Company”) is pleased to announce that its common shares begin trading today on the OTCQX® Best Market (“OTCQX”) under the ticker symbol “VNPKF”. OTCQX is the highest market tier of OTC Markets on which 12,000 U.S. and global securities trade. Verde’s common shares will continue to trade on the Toronto Stock Exchange under the symbol “NPK”.
“Today we celebrate one more important milestone for Verde. By trading on OTCQX Best Market we expect to enhance the visibility and accessibility of the Company to U.S. investors, providing a broader platform to build shareholder value alongside our Toronto Stock Exchange listing," commented Cristiano Veloso, Verde’s Founder and CEO.
The OTCQX provides value and convenience to U.S. investors, brokers and institutions seeking to trade Verde’s shares. OTCQX is OTC Markets Group’s premier market for established, investor-focused U.S. and international companies.
Upgrading to the OTCQX is an important step for companies seeking to provide transparent trading for their U.S. investors. To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with applicable securities laws, be current in their disclosure, and have a professional third-party sponsor introduction. B. Riley Securities, Inc.1 acted as the Company’s OTCQX sponsor.
Verde is in the process of securing Depository Trust Company (“DTC”) eligibility for its common shares. DTC manages electronic clearing and settlement of publicly traded companies across the United States and in 131 other countries. Trading through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process of daily trades.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on otcmarkets.com.
About Verde AgriTech
Verde AgriTech is dedicated to advancing sustainable agriculture through the innovation of specialty multi-nutrient potassium fertilizers. Our mission is to increase agricultural productivity, enhance soil health, and significantly contribute to environmental sustainability. Utilizing our unique position in Brazil, we harness proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Our commitment to carbon capture and the production of eco-friendly fertilizers underscores our vision for a future where agriculture contributes positively to the health of our planet.
For more information on how we are leading the way towards sustainable agriculture and climate change mitigation in Brazil, visit our website at verde.ag. |
