OTC Markets Group Welcomes Payfare Inc. to OTCQX
28 Julho 2023 - 8:00AM
OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets
for trading 12,000 U.S. and international securities, today
announced Payfare Inc. (TSX: PAY; OTCQX: PYFRF), a leading
fintech powering instant payout and digital banking solutions for
workforces, has qualified to trade on the OTCQX® Best Market.
Payfare Inc. upgraded to OTCQX from the Pink® market.
Payfare begins trading today on OTCQX under the symbol “PYFRF.”
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.
"U.S. institutional investors continue to show a growing
interest in Payfare which was the key driver in our decision to
upgrade our stock to the OTCQX Best Market," said Marco Margiotta,
CEO and Founding Partner of Payfare. "This is the first step we are
taking to broaden our reach to this new group of investors."
Burns Figa & Will PC acted as the company’s OTCQX
sponsor.
About Payfare (TSX: PAY; OTCQX: PYFRF)Payfare
is a global financial technology company powering digital banking
and instant payment solutions for today’s gig workforce. Payfare
partners with leading platforms and marketplaces, such as Uber,
Lyft and DoorDash, to provide financial health for their
workforce.
For further information please visit www.payfare.com or
contact:
Cihan Tuncay, Head of Investor Relations and Corporate
Development1 (888) 850-2713investor@payfare.com
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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