IDW SHARES MOVE UP TWO TIERS To OTCQX Posted by Milton Griepp on January 20, 2017 @ 2:30 am CT
Shares of IDW Media Holdings, Inc., parent of IDW Publishing and IDW Games, have moved up two tiers to the OTCQX, the top tier for trading over-the-counter stocks. IDW moved to the OTCQX from the Pink (sheets) market. To qualify for the OTCQX, IDW had to meet financial standards, be current in its disclosures, and be sponsored by a professional third-party advisor.
IDW CEO Ted Adams told ICv2 last summer that following a $4 million capital raise, uplisting the stock was "the next thing that we step on the gas on." While the company’s stocks won’t trade on an exchange, such as the NASDAQ or New York Stock Exchange, this change is a step in that direction.
OTC EVP Jason Paltrowitz welcomed IDW to its top tier. "Trading on OTCQX will enable IDW Media Holdings to provide its shareholders with a superior information and trading experience on a transparent public market," he said.