Publicly held pool and spa industry leader CPSM Inc. announced this week from Palm City, Florida, that it has filed an S-1 form and received formal SEC authorization to begin trading on the OTCQB Market.
OTCQB is the venture stage marketplace for developing and entrepreneurial companies reporting to a U.S. regulator. It is the middle tier of three marketplaces for trading over-the-counter stocks operated by the OTC Markets Group.
“The move up to the OTCQB and completion of our S-1 filing is what we believe to be an important step to enhancing shareholder value, improving market liquidity, and providing greater access to growth capital,” Lawrence Calarco, CPSM Inc. chairman, said.
CPSM Inc.’s formal application to the OTC markets, submitted Dec. 21, was accepted Dec. 28. Its S-1 filing with the SEC, which became effective Dec. 22, will not result in any direct proceeds to the company.
CPSM Inc. (Custom Pool & Spa Mechanics) serves Florida’s rapidly growing industry of pool and spa maintenance, design, and construction. Through its wholly owned subsidiary company Custom Pool and Spa Mechanics, Inc., CPSM has been maintaining pools for nearly 40 years.
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