London United Kingdom – 19 March 2018 – Cognosec AB (the “Company”) (NASDAQ First North: COGS; OTCQX: CYBNY), an international leader in cyber security resilience, governance risk and compliance, advisory and threat prevention, is pleased to announce that it began trading today (19th March) on the OTCQX Market.
The Company has met additional financial standards, best practice corporate governance and compliance with U.S. securities laws, to ascend to the OTCQX Market. This move will provide investors with Real-Time Level 2 quotes for the Company, which can be found at www.otcmarkets.com/stock/CYBNY/overview
Trading on the OTCQX Market will increase the opportunity for liquidity and market visibility for Cognosec AB shares in the United States. The shares are traded at a ratio (DR:ORD) of 1:10.
Chairman, Kobus Paulsen commented: “Ascending to the OTCQX Market is a significant step for Cognosec, with U.S investors being key to our overall global strategy for the Company. Combined with organic growth and strategic M&A, we intend to use this platform to extend our investor pool to the United States, an objective which the OTCQX Market will be immensely valuable in facilitating.”
Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group commented: “We are pleased to welcome Cognosec to the OTCQX Best Market. Trading on the OTCQX Market will enable Cognosec to expand its shareholder base and visibility in the U.S. and to help grow liquidity in its home market.”