RCS - Corero Network Sec. - Corero Commences Trading on the US OTCQB Market

Corero Network SecurityAnnouncement

29/02/2024 12:00

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RNS Number : 9581E  Corero Network Security PLC  29 February 2024

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 (mailto:corero@vigoconsulting.com)

 

For more information, visit www.corero.com (http://www.corero.com/) , and
follow us on LinkedIn (https://www.linkedin.com/company/corero/)
 and Twitter (https://twitter.com/Corero) .

 

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