Uplistings, explained (+ examples of uplisted stocks), Open to the Public Investing, Inc. The $11.8 billion Bed Bath & Beyond spent on its own stock since 2004 comes to more than twice the $5.2 billion in debt it had on its books in its most recent SEC filing, a debt load that proved . An affiliate of Public may be testing the waters and considering making an offering of securities under Tier 2 of Regulation A. 5 Triple A-Rated Stocks to Buy for October; The company was hit hard by the pandemic. I wrote this article myself, and it expresses my own opinions. The issuers of these securities may be an affiliate of Public, and Public (or an affiliate) may earn fees when you purchase or sell Alternative Assets. With a completed five-phase plan, Enthusiast Gaming thinks it can turn its average revenue per user from $0.40 to $3by 2023. The Listing Center is the preferred method for submitting all listing and compliance-related documents. Trading of the Company's ordinary shares on Nasdaq is expected to begin on December 22, 2021. A stock symbol is a unique series of letters assigned to a security for trading purposes. Luminosity Gaming is one of the most well-known esports teams in the world with over 70 million fans and the former home of popular streamer Ninja. Esports Teams: There are a handful of publicly traded companies that own professional esports teams. This content is not investment advice. This compensation may impact how and where listings appear. The S-1 A filing indicates the company plans to issue more shares to coincide with the uplisting which would further balloon the stock price valuation. The seventh makes circuits, more on this one immediately below. Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value. 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. Investments in T-bills involve a variety of risks, including credit risk, interest rate risk, and liquidity risk. Nevertheless, at this point, ALPP is not cheap. The technology on these drones is impressive, but so is the personnel that comes with it. Nasdaq Uplisting: Enthusiast Gaming Holdings Inc ENGMF currently trades in Canada and as an OTC stock in the U.S. Plans to uplist on the Nasdaq were filed Thursday morning. Micro caps that uplist will enjoy greater liquidity and experience greater exposure to analyst coverage and institutional investment. Of course, there are always unforeseen developments more often in the microcap world than otherwise and there are macro conditions that are beyond the control of company management. Phase one centered on building the companys scale and owning the fan experience. Some companies choose to move to get the visibility and liquidity provided by a stock exchange. 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. One of Alpines businesses is Quality Circuit Assembly, a company which contracts to make custom circuits. This is a decentralized market that has, unlike a standard exchange, no physical location. Companies that have undertaken listings have seen increased valuations, Hershey said. Stocks on standard exchanges are known for being less volatile as well as having higher trading activity and liquidity. The stock price jumped on the date the acquisition was announced and then went back to its base level. 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. To date, all revenue reported has been from AVX smart home product sales and installation. Shortly after, on April 23rd, 2021, the company filed a 6-K and issued a press release the same day of obtaining approval of successfully uplisting to the Nasdaq Capital Market. 2958 0 obj <> endobj From Benzinga. Companies listing on The Nasdaq Stock Market can currently complete the following forms electronically. Go I wasn't selling at uplist to Nasdaq anyway. A stock uplisting is when a stock goes from being listed on the OTC markets to a major exchange (like the Nasdaq or New York Stock Exchange). The drone business is technically impressive but financially break-even or money-losing. I write about and invest in mostly early commercial stage companies that have a large TAM and zero to little direct competition. I could not find a linkable chart for this stock. One important set of customers for QCA is electric vehicle companies. Zara, H&M and other companies pioneered it. 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. 2978 0 obj <>stream Trading on Nasdaq will be effective at the market open on August 27, 2021 and the shares will trade under the Company's current ticker symbol "SOTK". Before you start, gather some basic company information. It is priced too high to stagnate: if it doesnt significantly grow revenues (at least), justifying its current multiple, it will collapse to a lower multiple. | April 21, 2023 Finally, two recent acquisitions in the drone space are starting to create synergies between the subsidiaries of the company. Roundhill Investments CEO Will Hershey told Benzinga in December that Enthusiast Gaming was planning to uplist, which could be a catalyst for shares. One could expect this will boost their visibility and investability for institutions. Investors should read and understand the risk factors detailed in the Company's 10-K for the fiscal year ended December 31, 2020, and in other filings with the Securities and Exchange Commission. Build and diversify your portfolio with all the major crypto. I wrote this article myself, and it expresses my own opinions. Although the NYSE may seem like the pinnacle for a publicly-traded company, it may make sense for a company to switch exchanges. The Company does not undertake to update these forward-looking statements. 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. Revenues for 2020 are estimated by management to be $33.5M, although the CEO said that the company could have done ~$44M but for the effect of COVID (CEOs shareholder letter). Delisting is the removal of a security from a stock exchange. You should consult your legal, tax, or financial advisors before making any financial decisions. An 8-1 reverse stock split on Dec. 12 in order to meet Nasdaq stock price requirements. After a fraud scandal from former CEO Mark Frissora, it proved too much for Hertz to bear. I give ALPP a Neutral rating and I remain uninvested for now. About The "Stock Day" Podcast. I'll save that one for last in my list of uplisting stocks found from digging through S-1 SEC filings. 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. Charles Schwab is an example of a company moving back and forth between the NYSE and the Nasdaq. Type a symbol or company name. Before you start, gather some basic company information. Four of these are pretty boring: sheet metal and fabrication. 2021: $15.7B. ALPP can continue raising equity capital at high valuations. Check the background of this firm on FINRAs BrokerCheck. 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. T-bills are subject to price change and availability - yield is subject to change. I don't know if this company will ever uplist but it is trading at over 150x sales and generating very little revenue. CURE Pharmaceutical (OTCQB:CURR) is a drug formulation and delivery technology company researching and manufacturing novel dosage forms. I could not find this filing. 2023 EDGAROnline LLC, a subsidiary of OTC Markets Group. While we are very much a global company, the U.S. remains our most prominent source of audience and revenue. Companies can also take advantage of this portal to safely and securely submit supplemental documentation. Announces Pricing of $4.0 Million Private Placement Priced At-the-Market Per Nasdaq . There are many reasons why a company may trade OTC, but it's not an option that provides much exposure or even a lot of liquidity. mCloud Technologies (OTCQB:MCLDF) is a software as a service ("SaaS") provider of artificial intelligence and analytic solutions to maximize energy production, reduce energy waste in commercial spaces and reduce time to correct power outages. Focus Universal (FCUV) developed a smart instrumentation solution named the "Uviquitor" that the company claims can be used as a universal controller and or measuring instrument through a cell phone that will replace numerous wired and non-wired instruments and controllers at a fraction of the price. mCloud just completed a 10-1 reverse split in order to qualify for NASDAQ listing stock price regulations. The business model includes high margin recurring revenue for each asset that the company has under contract. Companies listing on the Nasdaq Stock Market can complete the entire application process electronically. I have no business relationship with any company whose stock is mentioned in this article. I have been avoiding taking an interest in any cannabis-related stock due to the hype. That decision, coupled with the Nasdaq's significantly lower fees, prompted the switch. A Nasdaq staff person will then contact you to follow up on your submission within one or two business days. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. This process can be both voluntary or involuntary. I took a starter position as I write this article and plan on doing more due diligence on this stock. H2YUjH q2#,H(C-@ j More than300 million users are on the Enthusiast Gaming platform monthly across 100 internet properties in the U.S. Enthusiast Gaming has more touchpoints to young people than any other gaming company. Growth Ahead: Enthusiast Gaming has a five-phase plan in place that it is in the middle of completing. Subsidiary QLC becomes a go-to supplier of circuits for the booming EV industry. Browse our latest articles and investing resources. I tend to be early in my investment decisions, so join me when and if you see fit. Over-the-counter markets can be used to trade stocks, bonds, currencies, and commodities. 0 2. I am not receiving compensation for it (other than from Seeking Alpha). My research on uplisting has led me to change how I invest. ALPP struggles to stay NASDAQ-listed and institutions shy away. Investopedia does not include all offers available in the marketplace. Delisting occurs when a listed security is removed from a standard exchange. . Tuesday, 02/09/2021 10:12:10 AM. Please disable your ad-blocker and refresh. By accessing this page, you agree to the following . OTC markets are broker-dealer networks that tend to be volatile. endstream endobj startxref 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. Going Public - Listing on First North Growth Market, UPDATED: Board Diversity Matrix Disclosure Requirements and Examples >>, Nasdaqs Board Diversity Rule: What Companies Should Know >>, Board Diversity Matrix Instructions and Templates >>, Nasdaq Publishes Notice on Regulatory Considerations for Small Capitalization IPOs >>, Advancing Boardroom Diversity: A Guide to Resources and Relationships >>, U.S. and Nordic Applications and Forms Preview, Listing Applications, including Listing Agreements, Listing of Additional Shares Notifications, Applications for companies and Certified Advisers on First North, Applications for listing structured products, such as warrants, certificates, exchange traded funds, option rights, Danish funds, coupon bonds and structured bonds, Environmental, Social and Governance Disclosure Forms, Outstanding Amount Change Forms for Fixed Income Instruments, Warrants and Certificates. Phase three is to sell content, which is in process with 115,000 paying subscribers and licensing deals with Snap Inc (NYSE:SNAP) and Samsung Electronics (KRX: 005930). Their drone business becomes a world leader in its field, and ARKX picks up ALPP, pushing the multiple up even more. The Companys solutions are environmentally-friendly, efficient and highly reliable, and enable dramatic reductions in overspray, savings in raw material, water and energy usage and provide improved process repeatability, transfer efficiency, high uniformity and reduced emissions. There is also the OTC Markets Groupthe largest operator of over-the-counter tradingwhich has eclipsed the OTCBB. Synaptogenix has conducted clinical and preclinical studies of its lead therapeutic candidate, Bryostatin-1, in Alzheimer's disease. The rare inside view you never heard. I will be doing an update on my coverage as soon as I can get an interview with the management, but I am encouraged in my enthusiasm by its uplisting application. I'm finding OTC stocks involved in A.I., machine learning, and medical devices that are creating their own niche, have no competition and have booming revenues just from reviewing stocks that have indicated that they are seeking to uplist. Investopedia requires writers to use primary sources to support their work. You can also submit supplemental documentation electronically. None of these entities provide legal, tax, or accounting advice. We are the largest gaming media platform in North America and believe a NASDAQ listing will allow us to enlarge our shareholder base and accelerate our growth strategy, including our M&A roadmap, Montgomery said. Information Analysis Incorporated Acquisitions are not accretive and synergies fail to appear. At the time of the move, Kraft was planning to separate into two companies. For more information on risks and conflicts of interest, see these disclosures. . A stock that moves from the OTC to Nasdaq often keeps its symbolboth allowing up to five letters. ALPP proves that uplistings can be just as (if not more) volatile than new IPOs (initial public offerings). FAIRFAX, Va., Nov. 19, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated ("IAI" or "the Company") (OTCQB:IAIC) announced today that the Company's common stock has been approved for. Discover how we're making the markets work for all investors. Most of us are aware of the fast fashion trend. Besides my articles on SA, readers can find my work at MicroCapClub.com and StockPick.app. Over-the-Counter (OTC) trades for securities are transacted via a dealer network as opposed to on a centralized exchange such as NYSE. Companies like to be on standard exchanges to get respect from retail investors so they can view it as a major public company. The NYSE delisted Hertz stock because of its bankruptcy filing. Most of this revenue will be booked in Q2 or Q3 according to guidance. They may get an extra boost from a recent DOJ ruling which prevents the worlds leading drone maker, Chinese manufacturer DJI, from using American-made parts. No money or other consideration is being solicited and, if sent in response, will not be accepted. OTC securities trading takes place in a few different ways. 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. hb```,B cb&CAAA v^p@{@hLZ8pk>=l3g7syS/)b.XvA9zYC[8=]}gKpCo~1 Newgioco Group (NWGI) is an international sports gambling and casino company based in Canada. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Nasdaq Uplisting: Enthusiast Gaming Holdings Inc (OTC:ENGMF) currently trades in Canada and as an OTC stock in the U.S. Plans to uplist on the Nasdaq were filed Thursday morning. With that in mind, let's look at these seven NYSE-listed penny stocks that look particularly promising: Gerdau (NYSE: GGB) Ion Geophysical Corp. (NYSE: IO) Team Inc. (NYSE: TISI ) Regis Corp.. Many fundamentals look good, with revenue from the electric vehicle industry and acquisitions positioning them in the drone industry. The company owns the Vancouver Titans esports team in the Overwatch League and the Seattle Surge which competes in Call of Duty League. 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. The Bitcoin is valued at $55 million at the time of writing. Will I Lose My Shares If a Company Is Delisted? Involuntary delistings are generally due to a company's failing financial condition. The ruling does not impact DJI immediately but may crimp their manufacturing starting mid-2021. Its customer list includes over 100 well-known Fortune 500 companies. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. Depending on the circumstances, the stock symbol may change. This makes OTC stocks more volatile than stocks on the NYSE or Nasdaq. Global Markets. All rights reserved. Too much in the pipeline not to see this through so tda not being updated is just a inconvenience for now. endstream endobj 2959 0 obj <. For further information, visit www.sono-tek.com. Securities trade OTC is because they don't meet the financial or listing requirements to list on a market exchange. We look forward to continuing to execute on our strategic plan and growth initiatives as we build long term shareholder value.. This uplist represents an important milestone in our Company's history and is a testament to the work of our employees who continue to pursue the Synatogenix mission seeking restorative and novel therapeutics for those with life altering neurodegenerative diseases. "While. Sono-Tek Corporation This is exactly like when a sports team jumps to the top league after being really good at their current league. See Jiko U.S. Treasuries Risk Disclosures for further details. The synergies between the two companies are obvious. Bear in mind: Just because a stock is on a major exchange doesnt mean its a worthy investment. However, SHEIN brought it to the next level with ultra-fast fashion. Overview of NYSE Quantitative Initial Listing Standards. The company reported in the S-1 almost $5 million in cash but over $10 million in debt and will be selling shares coinciding with the uplisting. Alpine 4 Technologies, which is changing its name to Alpine 4 Holdings, is a holding company with nine subsidiaries. Copyright 2023 Public Holdings, Inc. All Rights Reserved. Information Analysis Incorporated. The companys OTC stock skyrocketed, gaining 50 percent of market value in the following month. What I dont see happening is ALPP noodling along at its current level. ALPP is in the process of uplisting to the NASDAQ from the OTC markets. Alpine 4 Technologies is a social media darling, and has seen an enormous increase in the stock price over the last two months. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (Public Holdings). Potential NASDAQ Uplisting The valuations of all of the OTC miners are significantly lower than those of their NASDAQ or NYSE listed peers. n -9L-cT}pM OEns0\qWg7Y4#P b`uH00ZGFD3@ ^> He has 8 years experience in finance, from financial planning and wealth management to corporate finance and FP&A. Home . I wrote this article myself, and it expresses my own opinions. Given its size, companies that meet the requirements of the NYSE occasionally move their stock there for increased visibility and liquidity. Pink Sheets is another listing service for OTC penny stocks that normally trade below $5 per share. ALPP begins flowing cash, and eventually grows into its elevated valuation as say a $1B company. As electric vehicles boom, this will hopefully be an important revenue driver for the company going forward. MILTON, N.Y., Aug. 26, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that the Companys common stock has been approved for listing on the Nasdaq Capital Market (Nasdaq). Analysts Disclosure: I am/we are long MCLDF, DUOT. It has a lot to prove with investors and upcoming earnings reports will be crucial. Spencer Gore founded IA, and before that developed the Tesla battery. Tuesday, February 09, 2021 10:12:10 AM . Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. Finally, Cathie Woods ARK funds are standing up a space-focused ETF (ARKX). Additional information about your broker can be found by clicking here. I have to admit that I read the S1-A filing several times trying to understand what an Uviquitor is in order to explain it here and I don't understand it sufficiently enough to comprehend what exactly will be disrupted, but if something is going to be disruptive, Uviquitor is a good name for it. The company obtained a bridge loan in preparation for uplisting to Nasdaq almost two years ago, acquired a drug pipeline a year and a half ago in preparation for uplisting to Nasdaq and filed its S-1 A over a year ago. To uplist, a stock must meet strict listing and regulatory requirements. Past performance is not indicative of future performance. Digging through S1 filings to find uplisting candidates is tedious but it is a good way to find a fast-growing company that is pending uplisting. The value of T-bills fluctuate and investors may receive more or less than their original investments if sold prior to maturity. Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. The new ETFs mandate includes drones, and it is reasonable to hope they will invest in ALPP. Thats Hertz (NASDAQ:HTZ), which was previously public but ended up getting delisted. In some cases, firms have to involuntarily move to a different exchange when they no longer meet the financial or regulatory requirements of their current exchange. There can be no assurance that the clinical program for Bryostatin-1 will be successful in demonstrating safety and/or efficacy, that we will not encounter problems or delays in clinical development, or that Bryostatin-1 will ever receive regulatory approval or be successfully commercialized. Sono-Teks growth strategy is focused on leveraging its innovative technologies, proprietary know-how, unique talent and experience, and global reach to further develop microscopic coating technologies that enable better outcomes for its customers products and processes. They offer more items at a cheaper price. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. A company may decide its financial goals aren't being met and may delist on its own. 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). The Hangout. I'm also not always right but I like the risk/reward characteristics of investing in micro-caps.My articles are reflective of my investment interests and hopefully provide readers with ideas that they can further explore. Explore 9,000+ stocks with company-specific analysis. 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. Type a symbol or company name. %%EOF Other stocks that have uplisted from the OTC to Nasdaq or NYSE Hertz isn't the only company to uplist this year. I'll save that one for last in my list of uplisting stocks found from digging through S-1 SEC filings. QCA will also be tapped to make the circuits for the drones, so there is a vertical integration synergy as well.
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