Aspen Group, Inc. (OTC Markets: ASPU) ("AGI" or the "Company"), an education technology holding company, has announced its successful up-listing to the OTCQB Venture Market (the "OTCQB") effective for trading January 22, 2025. This move signifies a significant step forward in the company's commitment to enhancing market accessibility and liquidity for its shareholders.
The OTCQB, operated by OTC Markets Group, Inc., is a premier market designed for developing and entrepreneurial companies in the United States and abroad. It is committed to providing investors with improved market visibility to enhance trading liquidity. To be eligible for trading on the OTCQB, companies must meet certain criteria, including being current in their financial reporting with the Securities and Exchange Commission (the "SEC") or OTC Markets Group, Inc., passing a minimum bid price test, maintaining audited financials through a PCAOB registered firm, and undergoing company verification and management certification on an annual basis.
Aspen Group's up-listing to the OTCQB is a testament to its dedication to maintaining high standards of compliance and regulatory requirements. This achievement will assist in diversifying the company's shareholder base worldwide, potentially leading to increased exposure to a broader range of investors. Michael Mathews, Chairman and CEO of Aspen Group, stated, "We are pleased to have completed our up-listing to the OTCQB. With additional compliance and quality standards, the OTCQB provides investors with improved visibility to enhance trading decisions. We believe this achievement will increase the exposure of Aspen Group to a broader range of investors."
In conclusion, Aspen Group's up-listing to the OTCQB is a strategic move that will enhance the company's market accessibility and liquidity. By meeting the OTCQB's stringent requirements, Aspen Group demonstrates its commitment to maintaining high standards of compliance and regulatory requirements. This achievement will assist in diversifying the company's shareholder base worldwide, potentially leading to increased exposure to a broader range of investors. As Aspen Group continues to execute on its strategic initiatives, investors can expect to see further progress in the company's market position and shareholder value.
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