VSBLTY has officially been listed on the OTCQB Venture Market in the United States. The OTCQB is geared toward mid-tier companies and start-ups that are still in the early stages of their entrepreneurial development, and gives investors an opportunity to buy into companies that are on a strong upward trajectory.
In that regard, all companies listed on the OTCQB Venture Market have to comply with standards and guidelines laid out by the US Securities and Exchange Commission, which means that all companies need to be vetted and approved before getting listed. B. Riley Securities acted as VSBLTY’s sponsor ahead of the OTCQB listing, while the Market itself is run by the OTC Markets Group. B. Riley is an investment bank that operates out of Los Angeles.
VSBLTY, meanwhile, will trade under the VSBGF symbol on the OTCQB Venture Market. The company has already been listed on the Canadian Securities Exchange and Germany’s Frankfurt Stock Exchange, where its common shares trade as VSBY and 5VS, respectively.
“We are excited to be able to expand our presence in the investment community and the trading of our shares on the OTCQB, which should provide VSBLTY with additional liquidity,” said VSBLTY Co-Founder and CEO Jay Hutton.
Those already associated with VSBLTY also stand to benefit from the OTCQB listing, with the company issuing 3,175,000 incentive stock options to eligible employees and directors. Those shares will expire in five years, and have an exercise price of $0.51.
VSBLTY is best known for its computer vision and analytics technology, which has proven to be particularly popular in the smart retail sector. In May, the company signed a Memorandum of Understanding with Ability Enterprise Co. to market smart camera products internationally, and VSBLTY’s facial recognition technology has also been deployed in a massive surveillance project in Mexico City.
August 17, 2021 – by Eric Weiss