M.O.B.A. Network AB ("M.O.B.A.") has been approved to enter stock trading on the OTCQX trading platform in the United States, trading of the stock on OTCQX will start on January 25, 2023.
OTCQX is a US trading platform operated by OTC Markets Group for securities not listed on a national exchange. The purpose of taking up trading on OTCQX is to satisfy an increasing interest from American investors and to increase accessibility to the American capital market. M.O.B.A.'s shares will trade on OTCQX under the ticker "MOBNF". U.S. investors can now find up-to-date financial information and real-time Level 2 stock trading information for M.O.B.A. stock at www.otcmarkets.com.
In a comment, M.O.B.A.'s CEO, Björn Mannerqvist, says:
"We are seeing increasing interest in M.O.B.A. from North American investors and are pleased to enable these investors to trade in the stock. By trading on OTCQX, we facilitate international investors and institutions considering exposure to our shares. Being on OTCQX also opens up opportunities for M.O.B.A. to be present in capital markets in the US and provides greater opportunities to acquire companies with an equity component."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX[®] Best Market, OTCQB[®] Venture Market and Pink[®] Open Market.
Our OTC Link[®] Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
B. Riley Securities acted as the company's OTCQX sponsor.