OTCQB Venture Market: SMEs, biotech and pre-investment checklist

How OTCQB works: SEC requirements, management certification and analysis framework for growth companies.

OTCQB is OTC Markets' venture tier for SMEs, early-stage biotech and scale-ups seeking visibility with US investors. Requirements include current SEC reporting, minimum bid price and annual CEO/CFO certification of disclosure accuracy. Many OTCQB companies are pre-revenue or in clinical trials. Key volatility drivers: FDA milestones, dilutive offerings and insider selling. Venture OTC checklist: cash runway, capital structure (warrants, convertibles), 30-day volume and spread, reverse split history, Form 4 insider activity. Verify tier on otcmarkets.com.