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  • Writer's pictureQPRC

QPRC Uplists to OTCQB Venture Market

Today Quest was uplisted to the OTCQB Venture Market for for entrepreneurial and development stage U.S. and international companies. The Company's OTC Markets profile page can be viewed here.

To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must meet $0.01 bid test and may not be in bankruptcy. Additional details on eligibility, reporting and verification are below or at the OTC Markets website.

Eligibility Requirements

  • U.S. companies must have audited annual financials by a PCAOB auditor. (Tier 2 Regulation A Companies are exempt from requirement to use a PCAOB auditor for their initial audit)

  • Meet minimum bid price test of $0.01

  • Not be in bankruptcy

  • Have at least 50 Beneficial Shareholders, each owning at least 100 shares

  • Have a freely traded Public Float of at least 10% of the total issued and outstanding of that security. Companies with a freely traded Public Float of at least 5% (and $2 million in market value of public float), or a separate class of securities traded on a national exchange may apply for an exemption (see OTCQB Standards)

  • Have a transfer agent that participates in the Transfer Agent Verified Share Program (US Companies only)

Reporting Requirements

Meet one of the following Reporting Standards:

  • SEC Reporting Standard

  • Regulation A Reporting Standard (Tier 2)

  • U.S. Bank Reporting Standard

  • International Reporting Standard

  • Alternative Reporting Standard

Timely disclosure of material news

Verification Requirements

  • Maintain a Verified Company Profile

  • Post initial and annual verification and management certification

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