Distributed ledger technology company NoviqTech (ASX: NVQ) has been approved to trade on the OTCQB venture market.
The company’s shares will be tradable commencing 21 February under the ticker code NVQLF.
Trading on the OTC offers a practical and efficient avenue for acquiring shares in local time zones and currencies and can help broaden a company’s market reach and enhance its liquidity.
The OTCQB is an established platform operated by OTC Markets Group in New York that provides live market trading in companies with primary listings in other markets.
It is designed for growth-focused companies to meet high financial and corporate governance standards, ensuring a transparent trading environment.
The market provides real-time access for US institutional and retail investors, with transactions denominated in US dollars.
NoviqTech’s listing is believed to reflect the company’s recognition of the US cryptocurrency market and the growing momentum in blockchain technologies.
The listing will not impose additional compliance requirements beyond the company’s obligations with the Australian Securities Exchange.
As no new shares are being issued, trading will be non-dilutive to existing NoviqTech shareholders.
Chief executive officer Freddy El Turk said the OTC listing would reinforce the company’s commitment to global investors seeking innovative and sustainable technology solutions.
“This milestone enhances our global visibility and investor access while strengthening our ability to expand strategic partnerships and accelerate the adoption of our solutions,” he said.
“It will help us to continue advancing new solutions to support industries transitioning to a net-zero future.”
NoviqTech entered into a development collaboration with H2i Technology earlier this month for a system to tokenise reduced emissions from diesel engines employed at industrial and commercial sites.
The groundbreaking project will generate carbon credits through emission reductions from H2i’s proprietary hydrogen enhancement system.
H2i is tokenised on the Hedera public distributed ledger using NoviqTech’s Carbon Central platform.
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