The cryptocurrency miner said the OTCQX Market is designed for established, investor-focused US and international companies, and that to qualify for listing firms must “meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws”.
“Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors”, the company said.
Argo added that it was sponsored for OTCQX by MCAP Markets LLC, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership and that its shares will continue to trade on the London Stock Exchange.
“The OTCQX is the highest tier of the OTC market and we are delighted to have qualified to begin trading. We are proud of our commitment to transparency, openness and strong corporate governance”, Argo chief executive Peter Wall said in a statement.
“This approval will give increased access to US institutional and retail investors looking to invest in the company and provide them with the opportunity to share in Argo’s growth as the cryptocurrency and blockchain sectors continue to gather momentum”, he added.