NEW YORK, July 19, 2021 /PRNewswire/ -- OTC
Markets Group Inc. (OTCQX: OTCM), operator of financial
markets for 11,000 U.S. and global securities, today announced
Naked Wines plc (AIM: WINE; OTCQX: NWINF), a company which connects
winemakers to end consumers online, has qualified to trade on the
OTCQX® Best Market. Naked Wines plc upgraded to OTCQX from the
Pink® market.
Naked Wines plc begins trading today on OTCQX under the symbol
"NWINF." U.S. investors can find current financial disclosure
and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"We are delighted to welcome Naked Wines to the OTCQX Market,"
said Jason Paltrowitz, Executive
Vice President of Corporate Services at OTC Markets Group.
"Cross-trading on OTCQX will enable Naked Wines, which is listed on
London's AIM market, to expand
their U.S. investor base and enhance their global
liquidity. We look forward to providing the company and its
investors with a transparent and efficient trading experience and
all the benefits of our premium public market."
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.
Nick Devlin, Naked Wines Group
Chief Executive, commented: "We are pleased to have qualified to
trade on the OTCQX Market, the highest tier of the OTC market.
Trading on OTCQX will provide US institutional and retail
investors, and our colleagues, the opportunity to share our growth
as we build on a breakthrough year for Naked Wines following an
unprecedented channel shift to online, accelerated by the COVID-19
pandemic."
MCAP LLC acted as the company's OTCQX sponsor.
About Naked Wines plc
Naked Wines connects everyday
wine drinkers with the world's best independent winemakers.
Why? Because we think it's a better deal for everyone. Talented
winemakers get the support, funding and freedom they need to make
the best wine they've ever made. The wine drinkers who support them
get much better wine at much better prices than traditional
retail.
It's a unique business model. Naked Wines customers commit to a
fixed prepayment each month which goes towards their next purchase.
Naked in turn funds the production costs for winemakers, generating
savings that are passed back to its customers. It creates a
virtuous circle that benefits both wine drinker and winemaker.
Our mission is to change the way the whole wine industry works
for the better. In the last year, we have served more than 850,000
Angel members in the US, UK and Australia, making us a leading player in the
fast-growing direct-to-consumer wine market.
Our customers (who we call Angels) have direct access to 235 of
the world's best independent winemakers making over 1,500 quality
wines in 19 different countries. We collaborate with some of the
world's best independent winemakers like Matt Parish (Beringer, Stags' Leap) and 8-time
Winemaker of the Year Daryl Groom (Penfolds Grange).
www.nakedwinesplc.co.uk/
About OTC Markets Group Inc.
OTC Markets Group
Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB®
Venture Market and the Pink® Open Market for 11,000 U.S. and global
securities. Through OTC Link® ATS and OTC Link ECN, we connect a
diverse network of broker-dealers that provide liquidity and
execution services. We enable investors to easily trade through the
broker of their choice and empower companies to improve the quality
of information available for investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated
by OTC Link LLC, member FINRA/SIPC.
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Media Contact:
OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.