OTC Markets Group Inc. (OTCQX:OTCM), an operator of financial markets for 11,000 U.S. and global securities, today announced The Naga Group AG, a fintech company that connects personal finance transactions and investments through its social trading platform, has qualified to trade on the OTCQX Best Market.
The Naga Group AG upgraded to OTCQX from the Pink market.
The Naga Group AG begins trading today on OTCQX under the symbol “NAGGF.” 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.
“We are truly excited to be part of the OTCQX Best market. It’s a fantastic opportunity to enlarge our investor base and to get visibility to the US. NAGA has seen strong growth in the past years and operates in one of the larget markets worldwide. We have a lot of opportunities ahead of us and are excited to grow globally with a global investor base,” said Benjamin Bilski, Founder & CEO, The NAGA Group AG.
The Naga Group AG retained MCAP LLC to act as the Company’s OTCQX advisor. MCAP is a US broker-dealer that provides institutional securities services and electronic market making. MCAP acted as the company’s OTCQX sponsor.
In June 2021, NAGA reported yet another month of trading volume records, an increase in Revenues, and plans to have the company’s shares traded on the US OTCQX Venture Market.