The OTCQB is a US trading platform operated by OTC Markets Group. The platform stipulates stringent compliance and quality standards regulations, resulting in investors trading with high levels of confidence.
React CEO Leigh Hughes said: “We are very pleased to be trading on the OTCQB, as it will facilitate trading in our stock for US investors and help expand our retail and institutional base to a larger pool of investors south of the border.
“This is also an important step in our growth strategy, as a large portion of our esports and iGaming activities and opportunities are linked to the US market, considered to be one of the largest markets in the world.”
React begins trading on the OTCQB today (20 July), after upgrading from the Pink Market, with quotes for the company’s common shares available on the OTC Markets website.
Hughes, the founder of the business strategy company Comverj Ventures, was named interim CEO of React in June 2022. He took over from previous CEO, President and Director Laurent Benezra, who continued in a consultancy role with the company after stepping down from his position.
In July 2022, React subsidiary Loot.Bet signed a partnership with Oddin.gg, in a deal that will see Oddin receive Loot.Bet odds feeds, allowing the company to work towards scaling up global operations.