OTC Markets Group Welcomes Elio Motors to OTCQX
NEW YORK, Feb. 19, 2016 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Elio Motors Inc. (OTCQX: ELIO), developer of the Elio, a revolutionary new high-mileage, three-wheeled vehicle, has been approved to trade on the OTCQX® Best Market.
Elio Motors begins trading today on OTCQX under the symbol “ELIO.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
“We are proud to welcome Elio Motors, the first company to raise capital online and go public on OTCQX under the JOBS Act Regulation A+,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “OTC Markets Group welcomes innovators and entrepreneurs and is proud to offer the market of choice for the new generation of crowdfunded capital raisings. We look forward to seeing Elio Motors grow its business and its visibility with investors.”
“This is an important day for Elio Motors, our reservation holders, fans and investors, and we are thrilled to see the ELIO symbol on the OTCQX,” said Paul Elio, founder and CEO of Elio Motors. “OTC Markets Group provides a valuable service to organizations and investors and is truly an important engine in the American economy. We look forward to having our stock trade here as we continue to build a great American success story.”
WR Hambrecht + Co, www.wrhambrecht.com, serves as Elio Motors’ capital markets advisor and Designated Advisor for Disclosure (“DAD”), responsible for providing professional guidance on OTCQX requirements, U.S. securities laws, and corporate finance strategy.
Founded by car enthusiast Paul Elio in 2009, Elio Motors represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The three-wheeled Elio is engineered to attain a highway mileage rating of up to 84 mpg while providing the comfort of amenities such as power windows, power door lock and air conditioning, accompanied by the safety of multiple air bags and an aerodynamic, enclosed vehicle body.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the Pink® Open Market. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial markets, visit www.otcmarkets.com.