Ipsidy upgrades to OTCQX from the OTCQB Venture Market
OTC Markets Group announced today that Ipsidy has qualified to trade on the OTCQX Best Market. Ipsidy upgraded to OTCQX from the OTCQB Venture Market. Ipsidy begins trading today on OTCQX under the symbol “IDTY.”
Ipsidy is a provider of secure, biometric identification, identity management and electronic transaction processing services.
The OTCQX Best Market is for established, investor-focused U.S. and international companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction.
“Congratulations to Ipsidy on upgrading to the OTCQX Best Market,” said Jason Paltrowitz, executive VP of Corporate Services at OTC Markets Group. “We are pleased to see Ipsidy utilize the OTCQB Venture Market to build their company’s visibility and graduate to the OTCQX Best Market. We look forward to continuing to support the company and its investors.”
“We are delighted to be upgrading to OTCQX,” added Philip Beck, chairman and CEO of Ipsidy Inc. “As a company we are committed to providing a transparent market for our investors and maintaining high financial and operating standards. This is a significant milestone for Ipsidy and we believe a step towards increasing the liquidity of our stock.”