shareholders with a public market for efficient trading and price transparency.”
OTC Markets Groups requires U.S. companies to be ongoing operations while foreign issuers must meet the requirements of qualified foreign exchanges. Additionally, every issuer must be sponsored by approved third-party investment banks or law firms, called OTCQX Sponsors.
Greg Lee, Chairman of White River Bancshares Company, commented:
“We’re happy to trade on the OTCQX Market to help tell our story and provide White River Bancshares Company shareholders and prospective investors with a streamlined stock buy-sell trade process. The decision to move WRIV stock to OTCQX, a premium public market, perfectly aligns with our Board’s 2018 directive and Management’s commitment to improve liquidity and to increased franchise value.”
The SEC views many of the lower-tier companies traded on OTC Markets as “among the most risky investments” and advises potential investors to heavily research the companies in which they plan to invest.