Robotic technology company FBR Limited (ASX: FBR) has advised that its ordinary shares have commenced trading on the OTCQB Venture Market under the ticker “FBRKF”.
The OTCQB Venture Market is a US trading platform operated by OTC Markets Group in New York. The structure provides US investors with live-market access to OTC-listed securities during North American trading hours, in US dollar-denominated terms.
FBR’s listing on the OTCQB Venture Market comes as part of the company’s planned market entry into the US, where it will undertake a five to 10-house Demonstration Program in Florida with CRH Ventures (as announced on 18 January 2024).
It is expected that FBR’s planned activities in the US will increase exposure to, and generate increased interest from, US-domiciled retail and institutional investors. By listing on the OTCQB Venture Market, FBR can improve accessibility to the company for that investor base.
OTCQB compliance requirements such as financial reporting and disclosure requirements and ongoing compliance in relation to the company’s capital structure and market capitalisation will be satisfied by FBR through ongoing satisfaction of ASX primary listing obligations. There will be no additional disclosure requirements in respect of the OTCQB listing. No new securities were issued as part of the OTCQB listing process and trading on the ASX continues as normal.
