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Value Exchange International, Inc. (VEII), a $129.4 million market cap company whose stock has declined 5% year-to-date, has been delisted from the OTCQB marketplace and moved to the OTC Pink Limited Information marketplace. This change occurred at the opening of the market on Monday due to the company’s failure to file its annual Form 10-K for the year ended December 31, 2024, within the required timeframe.
The OTCQB marketplace, which operates under OTC Markets Group, requires companies to maintain certain standards of financial reporting and corporate governance. According to the OTCQB Eligibility Standards, Section 2.2, the company did not meet the continued listing requirements by not submitting the annual report within forty-five days of the due date. InvestingPro data shows the company maintains a ’FAIR’ Financial Health Score of 2.34.
The company’s common stock, still trading under the ticker "VEII," was shifted to the OTC Pink Limited Information market. This marketplace is for companies that are unable to meet the listing requirements of the OTCQB, including the timely filing of financial reports.
Value Exchange International has expressed its intention to reapply for listing on the OTCQB marketplace. To achieve this, the company plans to file all necessary periodic filings with the Securities and Exchange Commission (SEC). The information regarding the delisting is based on a recent SEC filing by the company.
In other recent news, SafeSpace Global Corporation has undergone a significant corporate rebranding, previously known as Healthcare Integrated Technologies Inc. The company’s name change to SafeSpace Global Corporation was officially approved and filed, reflecting its strategic focus on AI technology. The rebranding includes a new ticker symbol, SSGC, under which the company’s stock is now quoted on the OTC Pink Market. Meanwhile, 37 Capital Inc. has filed its annual report with the SEC, providing a detailed overview of its financial performance for the fiscal year ending December 31, 2024. This filing includes audited financial statements and certifications from its CEO and CFO, fulfilling the company’s compliance obligations. In another development, TurnKey Capital, Inc. has acquired technology assets from Aedan Looking Glass Inc., valued at $1,482,000. This acquisition has resulted in a change of control, with new management taking over key positions within the company. The agreement involved issuing common and preferred shares to Aedan Looking Glass, effectively transferring voting control to the new management team.
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