GiG Software Announces Launch on OTCQX Market

GiG Software, a leading provider of online gaming technology, has announced that it has started trading on the OTCQX Best Market. According to the company’s leadership, this move will increase the company’s already significant market presence.

GiG Goes Live on the OTCQX Under the GIGXF Symbol

In its official announcement, GiG Software said that its launch on the OTCQX Best Market, which is a regulated US stock market operated by OTC Markets Group, is an important step for its business. GiG elaborated that the move aligns with its broader strategy to double down on the US market, increase its local investor reach, and broaden its presence in the country.

GiG Software noted that the OTCQX is the highest market of the US OTC Markets and is perfect for established, investor-oriented companies that meet high financial and governance standards. OTC Markets, meanwhile, operates a leading electronic interdealer quotation system that provides OTC-traded companies with enhanced visibility.

Overall, GiG Software expects its OTCQX listing to provide its business with increased visibility and liquidity, while growing its US footprint. The listing will complement GiG’s existing market presence, raise the provider’s profile, and help it to reach more North American investors.

As an OTCQX-listed company, GiG Software will adopt the GIGXF ticker symbol.

The Move Highlights GiG’s Commitment to Delivering Value

Richard Carter, GiG Software’s chief executive officer, commented on the latest development, calling it an “important milestone” for his team. According to Carter, trading on the OTCQX will allow GiG to tap into the large and diverse US investor base, generating a wealth of benefits for the company. These include stronger market presence, greater reach and deeper engagement in the US, Carter said.

As GiG continues to scale, this step highlights our commitment to delivering shareholder value alongside our strong growth trajectory. We are excited to offer US investors the opportunity to participate in our growth story and look forward to the commercial opportunities that trading on the OTCQX will bring.

Richard Carter, CEO, GiG Software

GiG Software Dropped 5 Sweepstakes Brands

Earlier this year, GiG Software announced a significant change of plan and dropped five sweepstakes brand amid the sector’s continued uncertainty. Instead, the company decided to pursue growth in key markets, including Brazil’s freshly regulated gaming and betting market.

Back then, CEO Carter said that he found no point in wasting resources into sweepstakes with partners GiG was “not so sure about.”

This decision came amid a continued pushback against the US sweepstakes sector.