Wishpond Technologies Ltd., a provider of marketing focused online business solutions, is pleased to announce, following its upgrade to the OTCQX® Best Market (“OTCQX”) on June 24, 2021, that the Depository Trust Company (“DTC”) has made Wishpond common shares eligible for electronic deposit at DTC. The Company believes that the opportunity to clear and settle trades in its common shares on the OTCQX should provide a more seamless experience for its U.S. shareholders.
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“We are excited to receive DTC eligibility, as we believe that this will be well received by our growing global shareholder base, providing investors with greater accessibility and visibility to Wishpond in the United States” said Ali Tajskandar, Chairman and CEO of Wishpond.
DTC is a subsidiary of the Depository Trust and Clearing Corporation (“DTCC”), one of the world’s largest securities depositories. It manages the electronic clearing and settlement of publicly traded companies. A larger number of Wishpond’s securities are now eligible to be electronically cleared and settled which allows a more streamlined process of trading, enhanced liquidity, and the provision of more direct access to investors in the U.S. OTC capital markets.
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