LONDON, July 19, 2021 /PRNewswire/ -- Blackbird plc (AIM:
BIRD), the developer and seller of the market-leading, patented
cloud native video editing platform, Blackbird®, is pleased to
announce that a recently submitted form 211, with a view to begin
cross-trading on the OTCQX Best Market ("OTCQX"), has cleared with
the regulator Finra. Blackbird has submitted the application to the
OTC Markets Group for the Company's Ordinary shares to begin
cross-trading, under the ticker BBRD, on Wednesday 28 July 2021, which will make Blackbird shares
more widely available to North American investors.
Trading on the US OTC market will have no impact on the trading
of Blackbird's existing ordinary shares on AIM and no new ordinary
shares will be issued as part of the cross-trade. Blackbird will
continue to rely on the announcements and disclosures it makes to
the London Stock Exchange and will have no Sarbanes-Oxley or SEC
reporting requirements.
The OTCQX was created in 2010 and is recognised as an
"Established Public Market" by the U.S. Securities and Exchange
Commission (the "SEC"). The OTCQX is a leading market for US and
international companies in the entrepreneurial and development
stage. As a verified market with efficient access to US investors,
OTCQX helps companies build shareholder value with a goal of
enhancing liquidity and achieving a fair valuation.
The Company believes that having its Ordinary Shares traded on
the OTCQX will provide enhanced investor benefits, including easier
trading access for investors located in the US, and greater
liquidity due to a broader geographic pool of potential
investors. A market maker will be appointed in the US
to support the trading on the OTCQX.
Ian McDonough, Chief Executive
of Blackbird, said: "We are thrilled to have had our
application to the OTCQX accepted. This cross-trading facility
provides a fantastic opportunity to open up investment in Blackbird
to the North American investor community. We are growing most
quickly in the US and many of our recent major contract wins such
as Univision, Cheddar News, the NHL and A+E Networks are household
names in the US but less well known in the UK. We have a fantastic
and exciting story to tell and welcome the chance to share it on
the US stage as well as the UK one."
About Blackbird plc
Blackbird plc operates in the fast-growing SaaS and cloud video
market. It has created Blackbird®, the world's most advanced suite
of cloud-native computing applications for video, all underpinned
by its lightning-fast codec. Blackbird plc's patented technology
allows for frame accurate navigation, playback, viewing and editing
in the cloud. Blackbird® underpins multiple applications, which are
used by rights holders, broadcasters, sports and news video
specialists, esports, live events and content owners,
post-production houses, other mass market digital video channels
and corporations.
Since it is cloud-native, Blackbird® removes the need for
costly, high end workstations and can be used from almost anywhere
on almost any device. It also allows full visibility on
multi-location digital content, improves time to market for live
content such as video clips and highlights for digital
distribution, and ultimately results in much more effective
monetisation.
Blackbird® is a registered trademark of Blackbird plc.
Websites
www.blackbird.video
Social media
www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.facebook.com/blackbirdplc
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SOURCE Blackbird plc
