19 May 2021
Transphorm to begin trading on OTCQX Best Market
Transphorm Inc of Goleta, near Santa Barbara, CA, USA — which designs and manufactures JEDEC- and AEC-Q101-qualified 650V gallium nitride (GaN) field-effect transistors (FETs) — says that, after beginning trading on the OTCQB Venture Market last August, its common stock has been approved for upgrade to the OTCQX Best Market, “a designation that aligns with Transphorm’s commitment to meet the highest financial standards for compliance, disclosure and corporate governance,” says chief financial officer Cameron McAulay.
“Further, trading our stock on OTCQX expands our reach to a broader set of prospective investors, while also providing shareholders with increased liquidity and accessibility,” adds McAulay. “This achievement is another important milestone in our growth and development toward our ultimate goal of trading on a national exchange.”
The OTCQX Market provides investors with a premium US public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors. To qualify for OTCQX, companies must meet high financial standards, follow best-practice corporate governance, and demonstrate compliance with applicable securities laws, notes Transphorm.