Connecting Excellence Group Plc (AQSE:XCE) announced that its shares have commenced trading on the U.S. OTC Venture Market under the ticker (USOTC:XCELF). The company confirmed that no new ordinary shares were issued in connection with the secondary listing.
The OTCQB is considered a mid-tier marketplace for growth-oriented companies and is recognised by the U.S. Securities and Exchange Commission as an established public trading venue.
The board said the OTCQB admission is expected to provide access to a broader pool of U.S. investors, many of whom are already familiar with listed companies operating Bitcoin treasury strategies. Management believes the move could enhance liquidity and expand the shareholder base.
XCE’s core executive search business, Spencer Riley, has an established footprint in the United States, generating approximately 30% of its revenue from U.S. clients over the past year. The company said OTC trading aligns with its growing brand presence in the U.S., particularly across high-growth traditional industries and among firms seeking executive talent with expertise in Bitcoin-focused strategies.
The listing is also intended to support XCE’s broader ambition of promoting Bitcoin education and corporate adoption, integrating its recruitment operations with a disciplined Bitcoin treasury framework.
Chief Executive Officer Scott Ellam described the OTCQB listing as a key milestone. “Our admission to trading on the OTCQB is a strategic milestone for the Company. We are a profitable operating business first, with a proven international executive recruitment platform at our core, and an experienced capital markets team to deliver on our Bitcoin treasury strategy.
“US investors also have a strong understanding of Bitcoin, innovative capital structures and the value of cash-generative businesses that grow as a direct result of their ability to attract high performing revenue generating individuals and cash flowing companies to the organisation. Our business is a people driven business, backed by a Bitcoin treasury strategy so the OTCQB trading opens the opportunity for US investors, along with US clients, US based Executive Recruiters and US based competitor companies to join XCE on the journey as we positively disrupt international executive search and champion Bitcoin corporate adoption.
“The OTC will help to broaden our reach, increase liquidity and align XCE with a shareholder audience that shares our long-term conviction in building sustainable value through people, performance and disciplined Bitcoin accumulation.”
About Connecting Excellence Group Plc
Connecting Excellence Group is an international executive recruitment firm combining a scalable search platform with a long-term Bitcoin treasury strategy. Its flagship subsidiary, Spencer Riley, places senior leaders across global markets including engineering, logistics, life sciences, automation, technology, professional services and B2B industries.
The company’s Bitcoin treasury approach is designed to underpin long-term growth, with performance-linked equity incentives aimed at attracting and retaining top revenue-generating talent. XCE also intends to pursue strategic acquisitions using performance-based equity structures and is developing a specialist Bitcoin executive recruitment division to serve both native Bitcoin companies and traditional businesses seeking digital asset expertise.
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