Pink OTC Markets Inc., the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Nanostart AG, a leading German venture capital investment firm in nanotechnology, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX.
"Companies use OTCQX to expand their access to investors, engage them with quality disclosure of their financials, and provide trading transparency to stimulate liquidity," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome Nanostart to OTCQX."
Nanostart began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on http://www.otcqx.com and http://www.otcmarkets.com.
"Having our ADRs admitted for trading on the prestigious OTCQX brings us essentially all the benefits of a listing on one of the major U.S. exchanges," explained Marco Beckmann, CEO of Nanostart AG. "It offers an ideal platform for young and fast growing companies like Nanostart that want to raise their standing in the U.S. capital markets. We are strongly committed to the U.S. investor community and excited about taking this next step toward our long-term growth goals."
Hudson Securities, Inc. will serve as Nanostart's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
Nanostart AG (Frankfurt: NNS; OTCQX: NASRY) will trade in the United States on OTCQX under the symbol "NASRY", where each ADR will represent 0.1 ordinary shares. Nanostart is a publicly traded company that invests in emerging, highly promising nanotechnology companies around the world. The company provides venture capital for young, up-and-coming nanotechnology start-ups that develop nanotechnology-based, highly innovative products or processes that hold the potential to revolutionize existing markets. Nanostart invests in a wide range of growth phases, from early-stage ventures and start-ups all the way to established companies pursuing global expansion. For further information, please visit: http://www.nanostart.de