NEW YORK, July 7, 2014 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM) congratulates Sphere 3D Corp. (TSX-V: ANY;
OTCQX: SPIHF), a virtualization technology solution provider, on
its approval to list on The NASDAQ Global Market. Sphere 3D
is moving to NASDAQ tomorrow from the OTCQX® best marketplace,
making it the fourth OTCQX company to graduate to a U.S. stock
exchange this year.
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Since it joined OTCQX on October 31,
2013, Sphere 3D's ordinary shares have increased 147% to
$10.25 and its 30-day average daily
dollar volume has increased 16%, reflecting increased investor
interest in its securities. The company has a current market
capitalization of $239 million.
"We applaud Sphere 3D on this important milestone," said
R. Cromwell Coulson, President and
CEO of OTC Markets Group. "Sphere 3D's success on OTCQX
underscores the strength of its execution and the value of OTCQX as
an efficient and informed public market for U.S. and global
companies. We wish the company success as it takes this next
step in its growth strategy."
"The OTCQX has played an important role preparing us for our
listing on NASDAQ," said Peter
Tassiopoulos, CEO of Sphere 3D.
OTCQX is the marketplace of choice for U.S. and global companies
that are looking to execute their business plans and graduate to a
U.S. stock exchange listing. Sphere 3D will be the twelfth
company to graduate from OTCQX to the NYSE MKT or NASDAQ markets in
the past year and a half. Others include: Altisource Asset
Management Corp., American Eagle Energy Corp., B2Gold Corp.,
BioPath Holdings Inc., Empire Resources Inc., Energy Fuels Inc.,
Gulf Coast Ultra Deep Loyalty Trust, Organovo Holdings Inc.,
LiqTech International Inc., RXI Pharmaceuticals Corp. and Tiptree
Financial Inc.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. Through our OTC
Link® ATS, we directly link a diverse network of broker-dealers
that provide liquidity and execution services for a wide spectrum
of securities. We organize these securities into marketplaces to
better inform investors of opportunities and risks – OTCQX®, The
Best Marketplace; OTCQB®, The Venture Stage Marketplace; and OTC
Pink®, The Open Marketplace. Our data-driven platform enables
investors to easily trade through the broker of their choice at the
best possible price and empowers a broad range of companies to
improve the quality and availability of information for their
investors. To learn more about how we create better informed and
more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.
