C-COM begins trading on the OTCQB venture market
C-COM Satellite Systems Inc., (TSXV: CMI, OTCQB: CYSNF) the world’s leading provider of commercial grade mobile auto-deploying satellite antenna systems, is pleased to announce today that on April 6, 2021, the Company’s common shares began trading on the OTCQB Venture Market under the symbol “CYSNF”. The Company shares continue to trade on the Toronto Venture Stock Exchange (TSXV) under the symbol “CMI”.
Trading on the OTCQB is expected to make the Company accessible to a broader range of U.S. investors and should increase liquidity and visibility in the United States. U.S. investors can find current financial disclosure and real-time level 2 quotes for the Company on the OTC Markets website.
To be eligible for approval to trade on the OTCQB, companies must be current on disclosure obligations, to pass a minimum bid price test and undergo an annual company verification and management certification process. The OTCQB also provides timely news and disclosure to investors. and may provide access for investors who cannot access trading on the TSXV.
“Trading on the OTCQB is an extension to our capital markets strategy and an important step to increase investor awareness in the Company. As we progress with the development of our new antenna technology, U.S. investor interest has been increasing. We want these investors to be able to trade the Company shares with as much ease as possible,” said Leslie Klein, President and CEO of C-COM Satellite Systems Inc.
“C-COM is in late-stage development of Ka-band, electronically steerable, modular, conformal, flat panel phased array satellite antenna. In cooperation with the University of Waterloo, C-COM is engaged in the design of this unique antenna with the intent of providing low-cost, high-throughput mobility applications over satellite for land, airborne and maritime verticals. There is an increased interest in this technology by U.S. investors. We believe that by trading on the OTCQB exchange, U.S. investors will benefit from having seamless access to the C-COM stock,” he added.