Spy has applied to the U.S. Securities and Exchange Commission to deregister its shares from the OTC BB stock exchange. As a result, the American sports eyewear firm will no longer have to file quarterly or annual financial statements with the agency. Its shares should continue to be quoted on the OTC Pink Marketplace and the ticker symbol XSpy, but the company said there will be no guarantee that they will continue to be trade on any forum after the deregistration process is completed.