29 February 2024
Corero Network Security
plc
("Corero"
or the "Company")
Corero Commences Trading on
the US OTCQB Venture Market Under Ticker Symbol
"DDOSF"
Listing significantly
enhances US market reach and appeal
Corero Network Security plc (AIM:
CNS) (OTCQB: DDOSF), the specialists in distributed denial of
service ("DDoS") protection solutions, announces that it has
commenced trading on the OTCQB Venture Market (the "OTCQB"), a
regulated US stock exchange. The OTCQB listing is an important step
in the Company's strategy to increase its US investor reach and
deepen both its exposure and presence in the country.
The OTCQB, operated by OTC Markets
Group Inc., is recognised by the US Securities and Exchange
Commission as an established public market providing public
information for the analysis and value of securities. The market
offers strict compliance and quality standards and is designed for
entrepreneurial companies in the US and abroad.
With ever-increasing support and
interest from UK investors, Corero expects OTCQB trading to be
highly complementary to its existing AIM listing by amplifying the
Company's exposure to the US market, generating additional
commercial opportunities, and connecting Corero to a vast network
of potential US investors.
This, combined with Corero's
operational focus on the US market and recent appointment of a
US-based Chief Executive Officer, Carl Herberger, further
demonstrates the Company's commitment both to the US market and to
ensuring it is best placed to enhance shareholder value and
liquidity.
Carl
Herberger, Chief Executive Officer at Corero,
commented:
"This is an important milestone in Corero's growth journey.
Being listed on the OTCQB will complement our existing AIM trading
and greatly enhance Corero's market reach and exposure to US
investors as we look to expand our already extensive presence in
the country.
To
be listed on a reputable, regulated US exchange significantly
increases Corero's appeal and further demonstrates our growth
potential. I am looking forward to engaging with the US investor
market and the opportunities this will bring."
B. Riley Securities acted as
Corero's OTCQB sponsor. B. Riley Securities, Inc., is a
full-service investment bank and subsidiary of B. Riley Financial,
Inc., based in Los Angeles with offices across the US, providing
corporate finance, research, sales, and trading
services.
About Corero Network Security
Corero Network Security is a leading
provider of DDoS protection solutions, specialising in automatic
detection and protection solutions with network visibility,
analytics, and reporting tools. Corero's technology protects
against external and internal DDoS threats in complex edge and
subscriber environments, ensuring internet service availability.
With operational centres in Marlborough, Massachusetts, USA, and
Edinburgh, UK, Corero is headquartered in London and listed on the
London Stock Exchange's AIM market (ticker: CNS) and the US OTCQB
market (OTCQB: DDOSF).
Enquiries:
Corero Network Security plc
|
Tel: +44(0)20 7390
0230
|
Carl Herberger, Chief Executive
Officer
|
|
Phil Richards, Chief Financial Officer
|
|
|
|
Canaccord Genuity Limited (Nominated Adviser and
Broker)
|
Tel: +44(0)20 7523 8000
|
Simon
Bridges / Andrew Potts / Harry Rees
|
|
|
|
Vigo Consulting
|
Tel: +44(0)20 7390 0230
|
Jeremy Garcia / Kendall
Hill
|
|
corero@vigoconsulting.com
|
|
For more information,
visit www.corero.com,
and follow us on LinkedIn and Twitter.
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