Iveda, the worldwide provider of IvedaAI™ intelligent video search technology, Sentir® video surveillance products, IvedaPinpoint™ and IvedaHome™ IoT (Internet of Things) platforms with smart devices, announced that OTC Markets approved its application for uplisting from OTC Pink to OTCQB® Venture Markets (OTCQB).
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Iveda filed Form 10-12g with the U.S. Securities and Exchange Commission (SEC) which was declared effective November 12, 2021 and paved the way for Iveda to uplist to the OTCQB. Iveda has resumed periodic filings of its audited annual financial statements and quarterly reports with the SEC and will continue the filings subject to the periodic and current reporting requirements of the Exchange Act.
The OTCQB uplisting elevates Iveda’s position with full transparency in the public market and increases its visibility to a wider range of investors. The periodic reporting, annual verification and management certification of OTCQB companies increase investor confidence and allow for better informed decisions when investments are made. Investors get an exchange-comparable information experience, with convenient trading through their preferred broker, financial advisor or online platform, including transparent pricing with real-time quotes and trusted disclosure. OTCQB is recognized by the SEC as an established public market.
“Our uplisting to the OTCQB is another milestone accomplished as we close out 2021 and offer our shareholders a more efficient market for IVDA.” said David Ly, CEO of Iveda. “We are actively engaging with our partners to fuel revenue growth and we are looking forward to sharing future announcements as these engagements come to fruition in the coming months,” added Ly.
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