Potential NASDAQ Uplisting The valuations of all of the OTC miners are significantly lower than those of their NASDAQ or NYSE listed peers. Past performance is not indicative of future performance. Social media stays positive. Is this happening to you frequently? Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. "Uplisting to The Nasdaq Capital Market is another important milestone in IAI's transformation into a leading provider of Zero Trust technology to commercial and government customers and in our efforts to build long-term shareholder value," saidJamie Benoit, CEO of IAI. Not all public companies successfully uplist. I started studying price movement of uplisting stocks in early 2016 and shared my findings in this article and followed up with a deeper look in subsequent articles (1,2,3). Phase two was to monetize through advertising, which is in process. In the meantime to help answer any questions you may have, we encourage you take a few moments to review our list of frequently asked questions or give us a call. Over-the-counter securities are not listed on an exchange, but trade through a broker-dealer network. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Past performance is no guarantee of future results. Chip Stapleton is a Series 7 and Series 66 license holder, CFA Level 1 exam holder, and currently holds a Life, Accident, and Health License in Indiana. H2YUjH q2#,H(C-@ j Brokerage services for US-listed, registered securities are offered to self-directed customers by Open to the Public Investing, Inc. (Open to the Public Investing), a registered broker-dealer and member of FINRA & SIPC. The OTC markets are not an exchange, but rather a broker-dealer network that allows people to trade stocks directly. I write mostly about small-cap stocks and welcome discussion. Uplisting onto the Nasdaq Capital Market is a significant milestone in Sono-Teks evolution and were excited to have achieved this important goal, said Dr. Christopher L. Coccio, Chairman and CEO. Phase one centered on building the companys scale and owning the fan experience. Acquisitions are accretive and synergistic. Information Analysis Approved for Uplisting of Common Stock to NASDAQ 5 Triple A-Rated Stocks to Buy for October; The company was hit hard by the pandemic. We undertake no obligation to update any forward-looking statement. No settlement delays. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. The above content provided and paid for by Public and is for general informational purposes only. In previous articles, I provided evidence that there was a good possibility of gaining a return exceeding 100% within six months in stocks that are in the uplisting process. The Company anticipates trading to begin on November 26, 2021under the ticker symbol "IAIC". Latest & Upcoming IPOs - Taking a Company Public - Nasdaq Build and diversify your portfolio with all the major crypto. What Was the Over-the-Counter Bulletin Board (OTCBB)? 2978 0 obj <>stream Financial Industry Regulatory Authority. 2023 EDGAROnline LLC, a subsidiary of OTC Markets Group. When a stock gets delisted from a major US exchangenamely the NYSE or Nasdaqthe news tends to fade. Alternatively, if an exchange delisted a company for failing to comply with listing requirements, the company may try to uplist its stock once it can meet the standards again. Then, you choose a password and set up answers to some security questions and you are all set. endstream endobj 2959 0 obj <. Just look at Top Ships (NASDAQ:TOPS), which has used the loophole of reverse stock splits to keep its share price high enough to satisfy the Nasdaq Exchanges minimum. ALPP proves that uplistings can be just as (if not more) volatile than new IPOs (initial public offerings). The company has recently begun penetration of the U.S. market offering its SaaS solutions. An uplisting happens when a stock upgrades from an alternative stock exchange to a major stock exchange. Users completing forms for companies listing on The Nasdaq Stock Market will need to provide the company's Central Index Key (CIK) code or CUSIP along with the company's current or reserved trading symbol. Focus has filed an S1-A citing an intent to uplist on at least three occasions. Thats Hertz (NASDAQ:HTZ), which was previously public but ended up getting delisted. "Moving to the Nasdaq gives our shares exposure to a broader range of investors, improves the liquidity of our common stock, and enhances our Companys profile.. They also require companies to file financial disclosures and other paperwork before they can begin listing. Stocks on standard exchanges are known for being less volatile as well as having higher trading activity and liquidity. 2021: $15.7B. via NewMediaWire - Minim, Inc. , the creator of intelligent networking products under the globally recognized Motorola brand, today reported second quarter financial results for the period ended June. As a general rule, the price of a T-bills moves inversely to changes in interest rates. Additional information about Synaptogenix, Inc. may be found on its website:www.synaptogen.com. For example, small-market business owner and operator Alpine 4 Holdings (NASDAQ:ALPP) uplisted from the OTC markets to the Nasdaq in late October 2021. Information Analysis Incorporated. I am not receiving compensation for it (other than from Seeking Alpha). An indication of interest to purchase securities involves no obligation or commitment of any kind. I wrote this article myself, and it expresses my own opinions. The company also plans to uplist from the Toronto Venture Market to the TSX. Tuesday, 02/09/2021 10:12:10 AM. I am not receiving compensation for it (other than from Seeking Alpha). Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. Listing requirements are the minimum standards that must be met by a company before it can list its shares on a stock exchange. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification by the SEC or as stated in the offering materials relating to an investment opportunity, as applicable. mCloud just completed a 10-1 reverse split in order to qualify for NASDAQ listing stock price regulations. At the time of the move, Kraft was planning to separate into two companies. The Company's shares will continue to trade on the OTCQB under the symbol "SPRCF" until trading on . Before you start, gather some basic company information. Canbiola (OTCQB:CANB) is a cannabis based drug ("CBD") company. American Battery Metals Corporation (OTCQB:ABML) applied to uplist from the OTC to the Nasdaq in May 2021. OTC Market Groups Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. JSI uses funds from your Treasury Account to purchase T-bills in increments of $100 par value (the T-bills value at maturity). I have no business relationship with any company whose stock is mentioned in this article. The Common Stock has been approved for listing on the Nasdaq Capital Market and is expected to begin trading thereon under the symbol "AUGX" on Tuesday, October 26, 2021. Listing Center - Nasdaq If we take this optimistic $44M number as revenue ALPP trades at ~11x revenue. Involuntary delistings are generally due to a company's failing financial condition. If you are a new issuer and have not already reserved your trading symbol or you would like to change your symbol upon listing, please complete a Symbol Reservation Form before you begin. Both leagues are for games owned by Activision Blizzard, Inc. (NASDAQ:ATVI). I'll save that one for last in my list of uplisting stocks found from digging through S-1 SEC filings. That decision, coupled with the Nasdaq's significantly lower fees, prompted the switch. In addition to meeting listing requirements, successful uplistings require a company to earn trust from individual investors and institutional investors (like fund managers). As of June 29, 2021, the stock is trading at $9.75. These forward-looking statements are based on currently available competitive, financial and economic data and our operating plans. Their drone business becomes a world leader in its field, and ARKX picks up ALPP, pushing the multiple up even more. Given current news, however, the company cant be expected to be cheap. 2021. I will provide updates on companies that I introduce as long as the goalposts set by management are met. The company just filed its application to uplist to Nasdaq as I am finishing this article. An 8-1 reverse stock split on Dec. 12 in order to meet Nasdaq stock price requirements. Although the NYSE may seem like the pinnacle for a publicly-traded company, it may make sense for a company to switch exchanges. I think either of those scenarios is possible. I'll save that one for last in my list of uplisting stocks found from digging through S-1 SEC filings. The new ETFs mandate includes drones, and it is reasonable to hope they will invest in ALPP. "OTC Bulletin Board (OTCBB).". To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Latest News about uplisting. Global Markets. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Automate your investment strategy with recurring investments. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. I tend to be early in my investment decisions, so join me when and if you see fit. Such forward-looking statements are subject to risks and uncertainties and other influences, many of which the Company has no control over. There is a lot going on with this company that will come out over the next few months. -!Xt2ud}(3w";ZJ;:*:@KL-tPTp &i. Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. The uplisting to NASDAQ is a success, and institutions begin buying. Investopedia requires writers to use primary sources to support their work. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Do Not Sell My Personal Information (CA Residents Only). endstream endobj startxref Tags Top Stories Small Cap Bitcoin mining stocks. Rachel Curry is Pennsylvania-based content writer and journalist talking all things finance. Management guidance is for $42-55M revenue for 2021 without any acquisitions; $25-40M additional revenue with estimated acquisitions; and more upside depending on how quickly the pandemic subsides. Access your saved applications and notification forms. Otherwise, the transition could be a flop. Most people think they are up to date on OTC stocks but the landscape has changed dramatically. Information Analysis Incorporated What the Nasdaq Uplisting Could Mean for Worksport - Benzinga The business model includes high margin recurring revenue for each asset that the company has under contract. Go I wasn't selling at uplist to Nasdaq anyway. . For more information on risks and conflicts of interest, see these disclosures. article, one of my holdings just filed an application to uplist. A Nasdaq staff person will then contact you to follow up on your submission within a couple of business days. Companies looking to move from the over-the-counter market to a standard exchange must meet certain financial and regulatory requirements. Additional factors that may influence or cause actual results to differ materially from expected or desired results may include, without limitation, the Company's inability to obtain adequate financing, the significant length of time associated with drug development and related insufficient cash flows and resulting illiquidity, the Company's patent portfolio, the Company's inability to expand its business, significant government regulation of pharmaceuticals and the healthcare industry, lack of product diversification, availability of the Company's raw materials, existing or increased competition, stock volatility and illiquidity, and the Company's failure to implement its business plans or strategies.
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