Accessing U.S. Capital Markets without SEC Registration

Foreign issuers, such as those listed on the Nasdaq Nordics and Oslo Bors, are often reluctant to enter the U.S. capital markets to reach U.S. investors because of the cost and complexity of registering with the U.S. Securities and Exchange Commission (“SEC”).

The latest whitepaper from Seward & Kissel looks at how cross-trading on the OTCQX Market provides a cost-effective solution that allows foreign issuers to access the deeper pool of capital in the U.S. financial markets.

Topics Covered:

  • How the SEC Rule 12g3-2(b) assist companies listed on Nasdaq Nordic or Oslo Bors to cross-trade on the OTCQX Best Market in the U.S.
  • The benefits Nordic listed companies receive by trading on OTCQX, including BlueSky compliance, a US ticker symbol, US dollar denominated share price, and the ability to be traded in the US through an investors US broker of choice
  • A quotation on OTCQX is beneficial for raising capital because it increases liquidity and lowers the cost of capital for issuers

You can view the complete whitepaper here.

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