Ecoark Holdings Inc. of Rogers announced Monday (Dec. 12) it is trading on a new public market, specifically on OTCQX, under the symbol EARK.
The debut allows the company to “increase our profile and investor support,” CEO Randy May said in a news release.
The OTCQX market, operated by OTC Markets Group, is reserved for established, investor-focused U.S. and global companies that meet high financial standards, provide timely news and disclosure to investors, and are sponsored by a professional third-party advisor. Ecoark is being advised by Carmel, Milazzo & DiChiara LLP.
“Upgrading to OTCQX from OTCQB will enable Ecoark Holdings to demonstrate their financial and operating qualifications and to provide a transparent, shareholder-friendly trading experience for their investors,” Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group, said in a statement.
Ecoark, which previously traded on the OTCQB Venture Market, raised $17.4 million in capital earlier this year through an acquisition of publicly-traded Magnolia Solar in April. The sustainability conglomerate provides a growing suite of proprietary technologies and services that drive sustainability and facilitate sustainable growth for a wide range of clients.