Gersan Elektrik Ticaret ve Sanayi A.Ş. commenced trading on the OTCQX Best Market in the United States on July 23, 2026, under the ticker symbol GERLF. The qualification allows U.S. investors to access current financial disclosures and real-time Level 2 quotes for the Türkiye-based industrial manufacturer. This expansion into the U.S. capital markets provides efficient, cost-effective access while utilizing home market reporting standards from Borsa Istanbul, where the company continues to trade under the symbol GEREL.

The move marks a significant step in Gersan’s internationalization strategy, aimed at strengthening its global visibility and broadening awareness of its industrial platform among U.S.-based investors. Erkan Izgi, Chairman of the Board of Gersan Elektrik, stated that the company intends to pursue investment and growth initiatives aligned with its core business, supported by disciplined financial planning and consistent with public disclosure obligations.

Strategic Context and Market Presence

Gersan Elektrik operates in the electrical equipment, energy distribution, and electromechanical infrastructure sectors. Its product portfolio includes cable carrier systems, busbar systems, grounding systems, electrical panels, EV charging systems, automation systems, and lighting systems. These products are utilized in industrial facilities, commercial buildings, airports, refineries, hospitals, hotels, power transmission projects, and renewable energy infrastructure.

In recent weeks, Gersan announced it initiated a strategic acquisition process intended to support potential U.S.-based production of its busbar products. Busbar systems are critical for data center installations, a significant end market for the company where efficient power distribution and operational reliability are key considerations. This initiative forms part of the company’s broader strategy to evaluate international business development opportunities that complement its core industrial activities.

OTCQX Market Standards and Trading Volume

To qualify for the OTCQX Best Market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. For companies listed on a qualified international exchange like Borsa Istanbul, streamlined market standards enable them to utilize their home market reporting to make information available in the U.S.

Trading in Middle East-African securities on OTC Markets reached $950 million in the second quarter of 2026. OTC Markets recorded $453.34 billion in total dollar volume in the first half of the year.

Usul Ventures, an international capital markets and strategic advisory firm included in OTC Markets Group’s Premium Provider Directory, acted as process manager and strategic advisor to Gersan Elektrik. Following the trading commencement, Usul Ventures is expected to continue supporting the company’s U.S. market communication strategy and investor relations framework.

What the Numbers Show

The listing on OTCQX complements Gersan’s real-sector business development initiatives, such as the potential U.S. production capacity for busbar systems. While the financial impact of the listing itself is not immediately quantifiable in terms of revenue or profit, it signals a coordinated strategy to enhance capital markets visibility alongside operational expansion into high-growth segments like data centers. The company’s dual-listing approach allows it to leverage Turkish regulatory frameworks while accessing a broader pool of international capital.

Gersan Elektrik Ticaret ve Sanayi A.Ş. has entered into a non-binding statement of intent with SmartBolts, a U.S.-based company organized under the laws of the State of Maryland, to explore a potential strategic collaboration. The agreement provides a framework for discussions regarding the manufacture, commercialization, distribution, financing, and development of products and technologies within their respective markets. This move aligns with Gersan Elektrik's broader corporate development roadmap to evaluate international business opportunities that complement its core industrial activities.

The contemplated discussions remain exploratory and are subject to legal, technical, financial, operational, regulatory, and commercial review, due diligence, negotiation, and approval. SmartBolts specializes in tension-indicating fastener solutions that display bolt tension through a visual indication system. This technology supports the monitoring of critical bolted joints across industrial applications where installation reliability, inspection efficiency, and maintenance visibility are crucial.

Strategic Context

This development follows Gersan Elektrik's recent announcement regarding its application process for cross-trading its shares on the OTCQX Market in the United States. The company views these initiatives as complementary steps in its internationalization strategy. Erkan İzgi, Chairman of the Board of Gersan Elektrik, stated that the company intends to pursue investment and growth initiatives aligned with its core business and supported by disciplined financial planning.

Key Details of the Agreement

The non-binding statement of intent does not create a partnership, joint venture, agency, fiduciary relationship, exclusivity arrangement, or any obligation to manufacture, purchase, sell, distribute, or market any products. Any future transaction would require the execution of definitive agreements approved by the parties and their respective legal, financial, and corporate advisors. Gersan Elektrik expects to communicate material developments through Türkiye’s Public Disclosure Platform and its official reporting channels.