TIMIA Capital Corporation (CVE:TCA) (OTCMKTS:TIMCF) announced Monday that its shares have begun trading on the OTCQB market in the US.
Shares of Vancouver-based TIMIA will trade on the OTC markets under the symbol ‘TIMCF’, in addition to its listing on the TSX Venture Exchange.
The technology investment company also applied to the Depository Trust Company (DTC) for eligibility, a move that will reduce costs and simplify the trading process on the OTCQB.
“Upgrading to the OTCQB Venture Market and DTC eligibility is a critical step in increasing our US investor audience, enhancing our liquidity and increasing the visibility of our company within the US capital markets," said Mike Walkinshaw, CEO of TIMIA.
"We have steadily increased our financing for US-based SaaS companies, making trading on OTCQB in the US complementary and a platform to further expand our brand south of the border."
TIMIA told investors that it expects to be fully DTC-eligible in the next few weeks.
TIMIA is a specialty finance company, which provides growth capital to tech firms in exchange for payments based on monthly revenue.
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