Toronto, Ontario–(Newsfile Corp. – July 29, 2021) – Therma Bright Inc. (TSXV: THRM) (“Therma” or the “Company”), developer of its smart-enabled AcuVid™ COVID-19 Rapid Antigen Saliva Test and other progressive diagnostic and medical device technologies, is pleased to announce that it has applied for OTCQB listing and full eligibility through the Depository Trust Company (DTC), a subsidiary of the Depository Trust & Clearing Corp., which manages the electronic clearing and settlement of publicly-traded companies in the United States.
Therma Bright Inc. currently trades on the OTC Pink Sheets under the symbol THRBF. The OTCQB is an upgraded marketplace tier for entrepreneurial and developing U.S. and international companies that are committed to providing a high-quality trading and information experience for their U.S. investors. To be eligible, companies must meet high financial standards, follow best practice corporate governance, have a professional third-party sponsor introduction, demonstrate compliance with U.S. securities laws, and undergo an annual verification and management certification process. B. Riley Securities will be acting as the Company’s OTCQB sponsor. B. Riley Securities, Inc. is a full-service investment bank and subsidiary of B. Riley Financial, Inc., based in Los Angeles with offices across the United States, providing corporate finance, research, sales and trading services.
The OTCQB is recognized by the Securities and Exchange Commission as an established public market and provides current public information to investors that need to analyze, value and trade securities. Investors can find current financial disclosure and real-time level 2 quotes for the company on the OTC markets website. DTC eligibility will reduce costs and accelerate the settlement process for U.S. investors and brokers enabling the company’s common shares to be traded through a much wider selection of brokerage firms through an electronic method of clearing securities.