OTCID Basic Market Launch Update

Major Changes Coming to OTC Markets

OTC Markets Group has announced final preparations for the July 2025 launch of OTCID Basic Market, which will replace the current Pink Current Information tier. This represents the most significant structural change to OTC markets in over a decade.

Key Changes

New OTCID Requirements: Enhanced disclosure standards and ongoing compliance monitoring
Pink Current Transition: All Pink Current companies must transition to OTCID Basic or face delisting
Increased Fees: OTCID Basic will have higher annual fees than Pink Current
Enhanced Reporting: Quarterly business updates and annual disclosure requirements

Impact on Public Companies

Companies currently trading on Pink Current Information will need to:

Review and update their disclosure documents to meet OTCID standards
Establish ongoing compliance procedures for quarterly reporting
Budget for increased annual fees (estimated $15,000-$25,000 annually)
Consider tier advancement to OTCQB as an alternative strategy

Strategic Recommendations

For Pink Current Companies:

Begin OTCID transition planning immediately
Evaluate OTCQB advancement as a more cost-effective long-term strategy
Ensure compliance infrastructure is in place before July 2025

Timeline and Next Steps

Q1 2025

Final OTCID requirements published, application process opens

Q2 2025

Companies must submit OTCID applications or alternative tier advancement

July 2025

OTCID Basic Market launches, Pink Current discontinued

Q4 2025

First quarterly reports due for OTCID Basic companies

Need Help with OTCID Transition?

Our team has extensive experience with OTC market transitions and can help you navigate the OTCID requirements or evaluate tier advancement opportunities.

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