OTC Quotation System definition
Examples of OTC Quotation System in a sentence
In addition, each PIPE Holder hereby agrees that, until such time as the Company’s Common Stock is quoted on an OTC Quotation System or another public trading market otherwise develops, the PIPE Holders may only sell their Registrable Shares pursuant to the Shelf Registration Statement at a fixed price, which price will be set forth in the Shelf Registration Statement.
The Company shall use its commercially reasonable efforts to cause its Common Stock, including all such Re-Sale Shares, (i) if eligible, to be listed on a National Securities Exchange or (ii) if not eligible, to be listed on an OTC Quotation System, as soon as practicable after the Re-Sale Form S-1 is declared effective by the Commission.
If the Company’s Common Stock becomes listed on an OTC Quotation System, upon becoming eligible to be listed on a National Securities Exchange, the Company shall use its commercially reasonable efforts to cause its Common Stock, including all such Re-Sale Shares, to be listed on a National Securities Exchange.
CDVV is required to file current reports with the Securities and Exchange Commission pursuant to section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and CDVV's Common Shares are quoted on the National Association of Securities Dealers, Inc.'s Pink OTC Quotation System (the "PinkOTC Quotation System").