NEW YORK, Jan. 25, 2023 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 US and international securities, today announced MOBA Network (Nasdaq First North Stockholm: MOBA; OTCQX: MOBNF), owner of a network of web-based gaming communities, has qualified to trade on the OTCQX® Best Market. MOBA Network upgraded to OTCQX from the Pink® market.
MOBA Network begins trading today on OTCQX under the symbol “MOBNF”. US investors can find current financial information and real-time Level 2 quotes for the company at www.otcmarkets.com.
Upgrading to the OTCQX marketplace is an important step for companies looking to provide transparent trading to their US investors. For companies listed on a qualified international exchange, streamlined market standards allow them to use their home market reporting to make their information available in the US. securities laws.
Commenting, MOBA CEO Björn Mannerqvist says:
“We are seeing increasing interest in MOBA from North American investors and are pleased to enable these investors to trade the stock. By trading on OTCQX, we facilitate international investors and institutions considering exposure to our stock. also opens up opportunities for MOBA to be present in the US capital markets and offers more opportunities to acquire companies with an equity component.”
B. Riley Securities acted as the company’s OTCQX sponsor.
About MOBA network
MOBA Network acquires, develops and operates gaming communities in the global gamer and e-sports marketplace. The group owns a network of web-based gaming communities, such as MOBAfire.com and ResetEra.com, and the Union For Gamers YouTube network. The company’s business activities consist of advertising sales on the company’s websites and video sales through the YouTube network. Operations are conducted through the Swedish parent company and its subsidiaries in North America.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for the trading of 12,000 US and international securities. Our data-driven disclosure standards are the foundation of our three public marketplaces: OTCQX® Dear Market, OTCQB® Venture Market and Pink® Open market.
Our OTC link® Alternative Trading Systems (ATSs) provide a critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model provides companies with more efficient access to US financial markets.
OTC Link ATS, OTC Link ECN, and OTC Link NQB are each SEC-regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member of SIPC.
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