The market maker working with Hopscotch Go has filed paperwork with the Financial Industry Regulatory Authority.
Hopscotch Go Corporation, the holding company of FAA-certificated air carrier Hopscotch Air, Inc., cleared its first hurdle toward having its common shares trade on the OTC markets.
The market maker working with Hopscotch Go has filed paperwork with the Financial Industry Regulatory Authority.
The filing is a necessary step toward regulatory approval, the company said.
FINRA will now conduct its own due diligence.
There is no timetable for FINRA’s approval.
The company notes approval is not guaranteed.
CEO Andrew Schmertz says, “As Hopscotch Go continues to raise money through our SEC-qualified Regulation A offering, clearing this hurdle is an important step for us.”
The air taxi is seeking to raise to $20 million.
It plans to use the funds to expand its Cirrus SR22 fleet.
Hopscotch Air offers an on-demand air taxi service along the Philadelphia-to-Boston corridor.
Schmertz says, “There’s more work to be done, however, and we look forward to working with FINRA as they review the application.”
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