Mirriad Advertising (MIRI ) said it has qualified to trade on the OTCQX® Best Market in the US, a market which is home to international brands such as Roche, Adidas and Heineken.
The OTCQX® Best Market is operated by OTC Markets Group which also operates both the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.
Mirriad, which operates as in-content advertising firm, said it has now started trading on OTCQX under the ticker "MMDDF.", having previously traded on the OTCQB Venture Market.
Mirraid said the move enables its shares to be traded by all major broker-dealers in the US and the ability to access Mirriad's Ordinary Shares in US dollars, during US market hours.
The Company highlighted to investors that its ordinary shares will continue to trade on the London Stock Exchange's AIM market under the symbol "MIRI".
Shares in Mirriad Advertising have increased by over 30% since the beginning of the year. The stock was trading 9.32% higher this morning at 64.5p following the announcement.
“This upgrade to OTCQX marks another valuable step in our strategic plans in the US. As we focus on developing technology that will define the in-content advertising space, we look forward to global investors having increased access to our shares and joining our journey as we deliver against our objectives,” commented Stephan Beringer, Chief Executive of Mirriad.
"We are pleased to support innovative and entrepreneurial international companies seeking to strengthen transparency and to provide better access to disclosure and trading for US investors,” said Jonathan Dickson, VP of International Corporate Services at OTC Markets Group.
He added, “Cross-trading on OTCQX in the US will enable Mirriad Advertising, which is listed on the LSE’s AIM Market, to diversify its investor base and to expand its global engagement even further."
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