How much capital must I raise in my Reg A+ and how many investors must I have to list?
There is no minimum capital required to be raised for OTCQB/OTCQX listing.
However, since OTCQX companies must pass the SEC’s penny stock test, some may be required to raise enough capital to meet the $5 Million Net Tangible Assets requirement.
As for the number of shareholders, no requirement for OTCQB, but we assume FINRA would have concern approving a new 15c211 if the Issuer has less than 50 shareholders.
For OTCQX, OTC Markets require a minimum of 100 round lot beneficial shareholders.