GiG Software Begins Trading on OTCQX Market to Expand US Presence
GiG Software Enters the OTCQX Market
GiG Software, a prominent provider of online gaming solutions, has officially begun trading on the OTCQX Best Market. This strategic move is aimed at strengthening the company’s presence and visibility in the US market.
Listing on OTCQX Under the GIGXF Symbol
The company’s listing on the OTCQX, the highest tier of the US Over-The-Counter Markets, marks a significant milestone for GiG Software. OTCQX is known for catering to well-established companies that uphold stringent financial and governance standards. This platform offers enhanced visibility and liquidity by leveraging a robust electronic interdealer quotation system operated by OTC Markets Group.
By adopting the ticker symbol GIGXF, GiG Software aims to deepen its engagement with US investors, expand its footprint, and complement its existing market activities, ultimately broadening its reach within North America.
Demonstrating Commitment to Shareholder Value
Richard Carter, CEO of GiG Software, described the OTCQX listing as a pivotal step for the company. He emphasized that this move opens access to a diverse and extensive US investor base, promising to enhance market presence and engagement. Carter highlighted this development as part of GiG’s strategic growth and dedication to delivering increased value to shareholders.
He stated, “As we continue to grow, this initiative underscores our pledge to create shareholder value, and we are eager to offer US investors the chance to join in our expansion journey. We anticipate new commercial prospects arising from trading on the OTCQX.”
Shifting Focus Away from Sweepstakes Brands
Earlier in the year, GiG Software made a notable strategic change by discontinuing five sweepstakes brands in response to ongoing challenges within that sector. The company decided to refocus efforts onto growth opportunities in promising markets, including Brazil’s recently regulated gaming and betting industry.
CEO Carter explained that the company preferred not to invest resources in sweepstakes partnerships where confidence was lacking. The decision reflects a broader industry trend of skepticism toward the US sweepstakes market.
