- DelphX Capital (DELX) has been approved to start trading on the OTCQB Venture Market
- The Pennsylvania-based company began trading on the exchange under the symbol DPXCF on September 24
- The company’s shares will also continue to trade on the TSX Venture Exchange under the existing DELX symbol
- The company has also applied for eligibility for book-entry delivery and depository services of the Depository Trust Company (DTC)
- DelphX Capital is down 5.08 per cent, trading at $0.56 at 12:02 pm ET
DelphX Capital (DELX) has been approved to start trading on the OTCQB Venture Market.
The Pennsylvania-based company began trading on the exchange under the symbol DPXCF on September 24.
The OTCQB is a marketplace for U.S. and International entrepreneurial and development stage companies looking to offer investors a higher standard of transparency and oversight.
Companies listed on the OTCQB must meet certain minimum reporting standards, pass a bid test, and undergo annual verification to remain eligible.
The company’s shares will also continue to trade on the TSX Venture Exchange under the existing DELX symbol.
Additionally, the company has applied for eligibility for book-entry delivery and depository services of the Depository Trust Company (DTC), to facilitate electronic settlement of transfers of its shares in the United States.
The DTC is the largest securities depository in the world and holds over thirty-five trillion dollars’ worth of securities on deposit.
The company believes DTC eligibility will help expand its investor base and offer a more convenient trading experience for current and future shareholders, in addition to improving the liquidity of shares on the OTCQB.
“This is another step toward our ultimate goal to list on a senior exchange. The OTCQB listing will help us satisfy growing interest among U.S. investors and mark a natural progression toward creating a more liquid, institutional quality stock. It is a key part to our launch into the US. As our current investors know, we operate in an industry with very long sales cycles and a customer target list featuring some of the world’s largest financial institutions.
As part of that sales process, we have been incorporating customer suggested changes into our products that we believe have greatly enhanced our potential to launch a successful next generation of structured products. In anticipation of that launch, we are also upgrading our investor and business communications capabilities.
These steps are in preparation for the next stage of our product development timeline, where we hope to establish DelphX as a leading revenue growth story in the Structured Products and Fintech sector,” said DelphX CEO Patrick Wood.
The technology and financial services company remains focused on developing and distributing the next generation of structured products.
DelphX Capital is down 5.08 per cent, trading at $0.56 at 12:02 pm ET.
