I could not find this filing. 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. After all, many retail investors arent interested in the broker-dealer networks that are the OTC markets, where delisted stocks often go. American Battery Metals Corporation (OTCQB:ABML) applied to uplist from the OTC to the Nasdaq in May 2021. Read on to find out more about the difference between these two markets, and how companies can move from being traded over-the-counter to a standard exchange. August 26, 2021 08:00 ET Then, you choose a password and set up answers to some security questions and you are all set. Right now they are a $476M company, but two months ago they were 5% of that. For further information, visit www.sono-tek.com. "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. EDGAR and SEC are trademarks of the U.S. Securities and Exchange Commission. I am not receiving compensation for it (other than from Seeking Alpha). . article, one of my holdings just filed an application to uplist. Not all public companies successfully uplist. To date, all revenue reported has been from AVX smart home product sales and installation. Investopedia does not include all offers available in the marketplace. The Company anticipates trading to begin on November 26, 2021 under the ticker symbol "IAIC". The Grand Central Sports Bar and Handle 19 in Washington, D.C., have both selected Newgioco's ELYS platform to run their sportsbooks. TECO Treaty Energy Corporation: If you read the SEC rules for uplisting to the Nasdaq then you will see that is not possible righ - #751171. 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). I wrote this article myself, and it expresses my own opinions. One could expect this will boost their visibility and investability for institutions. Scenario 1: The market stays bullish. Thanks to Nasdaq and NYSE listing and regulatory requirements, uplistings tell investors how a stock is faring and what may be next for the company behind the ticker. Some uplisted stocks are returning to a major exchange while others are achieving it for the first time. QCA will also be tapped to make the circuits for the drones, so there is a vertical integration synergy as well. They are inherently uncertain, and investors must recognize that events could turn out to be significantly different from our expectations. "Initial Listing Guide," Pages 6-8. There would be a way to express this kind of bet if ALPP had options, but it doesnt. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. Before you start, gather some basic company information. The planned reverse split for CANB, for example, will give the declining price trend more room to run. The stock started trading on the OTC markets under the ticker symbol HTZZ., By summer 2021, the company officially exited. Entering text into the input field will update the search result below, and perhaps in future articles I want to take a look at stocks that have indicated plans to uplist and find new potential explosive gain candidates. IPO dates are estimated and may change, and in some cases companies postpone or withdraw their plans. Listing requirements are the minimum standards that must be met by a company before it can list its shares on a stock exchange. Information Analysis Incorporated. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. The company filed an information statement with the SEC and plans a 300-1 reverse split to meet Nasdaq stock price requirements. Also, they are approaching $500M market cap which is an important threshold for many institutions to invest. I have been avoiding taking an interest in any cannabis-related stock due to the hype. Related: What are micro-cap and OTC stocks? NEW YORK, June 7, 2021 /PRNewswire/ --Synaptogenix, Inc.(OTC: SNPX), an emerging biopharmaceutical company focused on developing therapies for neurodegenerative diseases, announced today that it has been approved to uplist to The Nasdaq Capital Market ("Nasdaq"). In order to help you gather all the information you will need to complete your form, you may access many of our forms in preview mode. The Company's shares will continue to trade on the OTCQB under the symbol "SPRCF" until trading on . The NYSE delisted Hertz stock because of its bankruptcy filing. In November 2020, ALPP bought Impossible Aerospace, which makes long-flight, high-performance drones. Trend Innovations Holding Inc. Announces Executive Changes You should consult your legal, tax, or financial advisors before making any financial decisions. Trading on Nasdaq will be effective at the market open on August 27, 2021 and the shares will trade under the Companys current ticker symbol SOTK. Over-the-Counter (OTC) trades for securities are transacted via a dealer network as opposed to on a centralized exchange such as NYSE. Very few engineers could be better positioned to push drone technology forward. An indication of interest to purchase securities involves no obligation or commitment of any kind. Companies listing on our Nordic market can currently complete the following forms electronically: Users can also make symbol reservation requests, submit logo forms and update their prospectus online. In January 2021, ALPP bought Vayo, another high-performance drone maker. But, as noted above, there are several steps it must take before they can list. 2958 0 obj <> endobj Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. They also require companies to file financial disclosures and other paperwork before they can begin listing. No settlement delays. If you like what you read, spread the knowledge (and love): An uplisting is when a stock that trades in some market transfers to a bigger and more respectable exchange. Subsidiary QLC becomes a go-to supplier of circuits for the booming EV industry. Uplistings, explained (+ examples of uplisted stocks), Open to the Public Investing, Inc. (Editor's Note: This article has been modified post-publication. The uplisting to NASDAQ is a . Latest news about uplisting - Stock Market - CloudQuote 4 OTC Stocks on the Move: BRLL CBDL MINE SING Phase one centered on building the companys scale and owning the fan experience. Provide us your corporate email address and basic contact information so we can email you a link, which we will use to verify your credentials. There is no guarantee of any industry impact at all, but this could be a positive factor for ALPPs competitiveness in the drone industry going forward. The Company historically specializes in software conversions, systems modernization and security. The Common Stock. Argo Blockchain's Uplisting: What Investors Should Know About - Insider Within a few minutes of your submission, you will receive a system-generated acknowledgment email that confirms receipt and includes a PDF attachment of the application or notification form submitted. The Hangout. Visit the Nasdaq Listing Center to: Submit Applications Submit listing applications and forms safely and securely CONTACT US Email: listingapplications@nasdaq.com Phone: +1 301 978 8008 Visit. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. I tend to think the current market is very forgiving and will give ALPP a lot of space, so if I had to guess, my bet would be on the positive side of this binary choice. What Was the Over-the-Counter Bulletin Board (OTCBB)? 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. No money or other consideration is being solicited and, if sent in response, will not be accepted. The diversification leads to the ability to monetize subscriptions, sponsorships, content licensing, direct sales and data. Heres what happened to Hertz and whats to come: Hertz isnt the only company to uplist this year. The U.S. Food and Drug Administration has granted Orphan Drug Designation to Synaptogenix for Bryostatin-1 as a treatment for Fragile X syndrome. As electric vehicles boom, this will hopefully be an important revenue driver for the company going forward. . You don't need to be right most of the time to make a significant profit because the gains on one investment can be spectacular enough to offset wrong decisions on the overall portfolio. As you can see in the chart below, the stock price is already on an uptrend and will get a boost from the uplisting and continued revenue growth. I am not receiving compensation for it (other than from Seeking Alpha). Through Mr. Waggoner's leadership, PharmaCyte saw value creation with its uplisting to Nasdaq having previously traded on the OTCQB. Sources: Most data is sourced from the S-1 filings that companies submit to the U.S. Securities and Exchange Commission (SEC). This compensation may impact how and where listings appear. I explain the differences between these trading platforms in this article. Rachel Curry is Pennsylvania-based content writer and journalist talking all things finance. "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.. Instead of trading on a centralized network, these stocks trade through a broker-dealer network. I expect at least two of them (and quite possibly. Nasdaq Listing Requirements | List Your Company | Nasdaq Attention from the ARK funds would itself be positive for the stock. From Benzinga. Investments in T-bills involve a variety of risks, including credit risk, interest rate risk, and liquidity risk. The drone business is technically impressive but financially break-even or money-losing. Data Storage Corporation Announces Pricing of Upsized $10.8 Million I have no business relationship with any company whose stock is mentioned in this article. Tags Top Stories Small Cap Bitcoin mining stocks. You can connect with her on Twitter at @writingsofrach. The balance sheet shows negative equity and ~$25M of debt (source). Hertz Global Holdings filed for Chapter 11 bankruptcy in 2020. Business travel plummeted along with the demand for used cars. Companies like to be on standard exchanges to get respect from retail investors so they can view it as a major public company. A stock symbol is a unique series of letters assigned to a security for trading purposes. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This makes OTC stocks more volatile than stocks on the NYSE or Nasdaq. Securities trade OTC is because they don't meet the financial or listing requirements to list on a market exchange. -!Xt2ud}(3w";ZJ;:*:@KL-tPTp &i. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. Second, it must be approved for listing by an organized exchange by filling out an application and providing various financial statements verifying that it meets its standards. Track companies who are expected to release earnings reports. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. The OTC market is more heavily regulated by the SEC than it was in the past and is currently reminiscent of what NASDAQ was at the time of the internet boom. Finally, Cathie Woods ARK funds are standing up a space-focused ETF (ARKX). Will I Lose My Shares If a Company Is Delisted? For example, a stock may upgrade from the over-the-counter (OTC) markets or a small international exchange to the Nasdaq or New York Stock Exchange. Here are some of the most intriguing names among OTC stocks to buy: Volkswagen (OTCMKTS: VWAGY) Daimler (OTCMKTS: DMLRY) Mitsubishi Heavy Industries (OTCMKTS: MHVYF) Kawasaki Heavy Industries. Past performance is not indicative of future performance. Is this happening to you frequently? That implies a 100% upside. Mailbox; Boards; Favorites; Whats Hot! The above content provided and paid for by Public and is for general informational purposes only. The Companys shares will continue to trade on the OTCQX under the symbol SOTK until trading on Nasdaq commences. While we are very much a global company, the U.S. remains our most prominent source of audience and revenue. Micro caps that uplist will enjoy greater liquidity and experience greater exposure to analyst coverage and institutional investment. Of the stocks that I found currently pending uplisting, I bought one and considering buying only one other but just as I am finishing writing this. In order to list, they must meet financial and listing requirements, which vary by exchange. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Thats Hertz (NASDAQ:HTZ), which was previously public but ended up getting delisted.