OTC Markets Group Welcomes Warpaint London PLC to OTCQX
22 Maggio 2024 - 1:00PM
OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets
for trading 12,000 U.S. and international securities, today
announced Warpaint London PLC (LSE: W7L; OTCQX: WPNTF), a branded
cosmetics company, has qualified to trade on the OTCQX® Best
Market. Warpaint London PLC upgraded to OTCQX from the Pink®
market.
Warpaint London PLC begins trading today on OTCQX under the
symbol “WPNTF.” U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S.
investors. For companies listed on a qualified international
exchange, streamlined market standards enable them to utilize their
home market reporting to make their information available in the
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and
demonstrate compliance with applicable securities
laws.
Commenting, Sam Bazini Chief Executive Officer of
Warpaint, said: "We believe that having Warpaint’s shares
trade on the OTCQX will serve to increase the Company’s exposure to
a broader range of investors. This new U.S. trading facility comes
on the back of an already increased level of interest in Warpaint
from U.S. investors given the progress the Company is making with
significant retailers in the U.S.”
Carter Ledyard and Millburn LLP acted as the Company’s OTCQX
sponsor.
About Warpaint London PLCWarpaint sells branded
cosmetics under the lead brand names of W7 and Technic. W7 is sold
in the UK primarily to retailers and internationally to local
distributors or retail chains. The Technic brand is sold in the UK
and continental Europe with a significant focus on the gifting
market, principally for high street retailers and supermarkets. In
addition, Warpaint sells cosmetics under its other brand names of
Man'stuff, Body Collection and Chit Chat, each targeting a
different demographic.
About OTC Markets Group Inc.OTC Markets Group
Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000
U.S. and international securities. Our data-driven disclosure
standards form the foundation of our three public markets: OTCQX®
Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide
critical market infrastructure that broker-dealers rely on to
facilitate trading. Our innovative model offers companies more
efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC
regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered
broker-dealer, member SIPC.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
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Media Contact:OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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