OTC Markets Group Inc. (OTCQX:OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced that it has signed a definitive agreement to acquire the assets of Blue Sky Data Corp, a leading provider of equity and debt compliance data regarding state “Blue Sky” securities rules and regulations.
The transaction, which is subject to customary closing conditions, is expected to close on or about May 2, 2022.
This acquisition allows OTC Markets Group to enhance its existing Blue Sky data offering, improve its value proposition to clients and expand its subscriber base. The resulting product suite will provide a comprehensive view of Blue Sky secondary trading compliance data, delivered to subscribers in an efficient format for broker-dealers, financial advisors, public companies, and regulators.
“The acquisition of Blue Sky Data Corp’s assets marks an important milestone for our company as we expand the breadth and depth of Blue Sky digital compliance solutions we provide to our subscribers,” said R. Cromwell Coulson, President and CEO of OTC Markets Group.
“We are adding a unique data set of state law compliance to the information on federal disclosure standards that we currently provide. This will allow broker-dealers to streamline secondary trading and assist issuers of securities in demonstrating their qualifications under complex Blue Sky requirements.”
Matt Fuchs, Executive Vice President of Market Data and Strategy at OTC Markets Group, continued,
“This acquisition will allow us to deliver a premium data product to support broker-dealers and investment advisors in automating state securities law compliance in the OTC equities and fixed income markets. It furthers our commitment to transparency and efficiency for OTC market participants, issuers and investors.”
Piper Sandler & Co. served as financial advisor to OTC Markets Group.
Your article gave me a lot of inspiration, I hope you can explain your point of view in more detail, because I have some doubts, thank you.
If you’re wondering how to find out if your husband is cheating on you on WhatsApp, I might be able to help. When you ask your partner if he can check his phone, the usual answer is no.
Se você está pensando em usar um aplicativo espião de celular, então você fez a escolha certa.
Very nice info and straight to the point.
I am not sure if this is truly the best place to ask but
do you guys have any thoughts on where to employ some professional writers?
Thank you 🙂 Escape rooms hub
Very interesting topic, thank you for posting.?