France-based Implanet qualified to trade its American Depositary Receipts on the OTCQX market. OTC Markets Group operates financial markets for 10,000 U.S. and global securities.
Here are four notes:
1. Implanet upgraded from the Pink market.
2. The company began trading on OTCQX on April 13. It used its existing stock symbol, "IMPZY."
3. BNY Mellon is Implanet's Principal American Liaison on OTCQX.
4. Implanet develops vertebral and knee surgery devices.
"Trading on OTCQX will allow Implanet to expand its shareholder base and visibility in the U.S. market without incurring the high costs and duplicative regulatory requirements of a U.S. stock exchange listing," said Jason Paltrowitz, executive vice president of corporate services, OTC Markets Group.