Securities products offered by Open to the Public Investing are not FDIC insured. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see our Fractional Share Disclosure to learn more. When you enable T-Bill investing on the Public platform, you open a separate brokerage account with JSI (the "Treasury Account"). Investopedia requires writers to use primary sources to support their work. An indication of interest to purchase securities involves no obligation or commitment of any kind. I have no business relationship with any company whose stock is mentioned in this article. Put together, that means revenue is guided to $67M on the low side and maybe $110M on the high side. 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ALPP no longer has any really promising lines of business. A company may decide its financial goals aren't being met and may delist on its own. hbbd```b``kXdL r/0 I am not receiving compensation for it (other than from Seeking Alpha). No money or other consideration is being solicited and, if sent in response, will not be accepted. In November 2020, ALPP bought Impossible Aerospace, which makes long-flight, high-performance drones. "While. I took a starter position as I write this article and plan on doing more due diligence on this stock. | Source: There're a few other cannabis stocks that are pending uplisting to Nasdaq. otc stocks uplisting 2021 Bear in mind: Just because a stock is on a major exchange doesnt mean its a worthy investment. Scenario 1: The market stays bullish. In August 2021, IAI appointed Jamie Benoit to lead a corporate transformation of IAI into a provider of Zero Trust technology solutions to commercial and government organizations. The investor presentation indicated that the company has filed for an uplisting and the CEO recently said, "We continue to work towards uplisting to the NASDAQ stock exchange, which, we believe, will be of benefit to our shareholders. Management explained that they filed an application to uplist to NASDAQ in June during the second quarter conference call. It is not intended to constitute investment advice or any other kind of professional advice and should not be relied upon as such. No minimum hold periods. (Editor's Note: This article has been modified post-publication. Growth Ahead: Enthusiast Gaming has a five-phase plan in place that it is in the middle of completing. Past performance is no guarantee of future results. 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. I could not find this filing. There are also many companies that announce uplisting that never do and some for which uplisting is a non-event. One of Alpines businesses is Quality Circuit Assembly, a company which contracts to make custom circuits. . Thats Hertz (NASDAQ:HTZ), which was previously public but ended up getting delisted. Given current news, however, the company cant be expected to be cheap. Global Markets. Information Analysis Approved for Uplisting of Common Stock to NASDAQ Companies that cross-list may also choose to delist their stock from one exchange while remaining on another. Additional information can be found here. For more information on risks and conflicts of interest, see these disclosures. Alternative Assets. One analyst is forecasting double-digit growth fueled by the company entering the U.S. market and a. The first negative that comes to mind about this company is that it competes against much larger companies, but the financial picture and the technical picture are out of whack with the stock price hitting new lows while the company has a blowout first-half report. Customer Relationship Summary. Trend Innovations Holding Inc. Announces Executive Changes In Sept. the company reported record revenue and had higher revenue for the first six months this year than the entire prior fiscal year. Relatively few companies voluntarily jump from one exchange to another. In January 2021, ALPP bought Vayo, another high-performance drone maker. Information Analysis Incorporated. Additional information about your broker can be found by clicking here. Create your Watchlist to save your favorite quotes on Nasdaq.com. One analyst is forecasting double-digit growth fueled by the company entering the U.S. market and a second analyst has a share price target of $1.80, 300% higher than the current market price. 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. The company also plans to uplist from the Toronto Venture Market to the TSX. Related Link: NERD ETF Co-Founder Talks Tencent, Sea Limited, Foreign Gaming Stocks. Heres what happened to Hertz and whats to come: Hertz isnt the only company to uplist this year. Their drone business becomes a world leader in its field, and ARKX picks up ALPP, pushing the multiple up even more. One stock that I anticipated would be uplisting based on conversations with management filed an application to uplist to Nasdaq just a I was about to complete this article. Tuesday, 02/09/2021 10:12:10 AM. 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. Both leagues are for games owned by Activision Blizzard, Inc. (NASDAQ:ATVI). endstream endobj 2959 0 obj <. Transphorm to Uplist to the Nasdaq Capital Market "Initial Listing Guide," Pages 6-8. This is another stock that I am avoiding until there is evidence of technological disruption. 4 OTC Stocks on the Move: BRLL CBDL MINE SING August 26, 2021 08:00 ET 2970 0 obj <>/Filter/FlateDecode/ID[<88DA25BE1BF65B48904E9113F9256937><60970931E91C134FB2711F5584761E24>]/Index[2958 21]/Info 2957 0 R/Length 78/Prev 551541/Root 2959 0 R/Size 2979/Type/XRef/W[1 3 1]>>stream Data Storage Corporation Announces Pricing of Upsized $10.8 Million Then, you choose a password and set up answers to some security questions and you are all set. Using this information, we can pre-populate much of the company's information on the form for you. The company filed an information statement with the SEC and plans a 300-1 reverse split to meet Nasdaq stock price requirements. The stock has since evened out and the company has yet to give an update on its Nasdaq application or its name change to American Battery Technology Company. 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. For instance, many exchanges require companies to have a minimum number of publicly-held shares held at a specific value. OTC securities trading takes place in a few different ways. After booking $1.2M from this industry last quarter, they have already booked $1.5M for 1Q21. Companies looking to move from the over-the-counter market to a standard exchange must meet certain financial and regulatory requirements. | Source: HTZ stock is likely to remain volatile as it settles into its new exchange. On average, the company provides a 20% cost saving for each asset it manages. Alternative assets, as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (Regulation A). 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. starting mid-2021. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. Enthusiast Gaming utilizes a diverse platform of websites, YouTube channels, influencers, professional esports teams and experiences to hit several areas of the video game market. 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 . The company reported that it mined 225 Bitcoin in July and 206 . Investopedia does not include all offers available in the marketplace. November 19, 2021 09:25 ET 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. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (Public Holdings). The stunning rise in price is owed to recent excitement on social media around the company (it has a whole subreddit), which in turn is driven by a number of intersecting fundamental developments. The OTCBB was a regulated quotation service for OTC securities provided by the Financial Industry Regulatory Authority (FINRA) to its members. What I dont see happening is ALPP noodling along at its current level. The Common Stock. The seventh makes circuits, more on this one immediately below. Otherwise, the transition could be a flop. The Company's common . FORT COLLINS, CO / ACCESSWIRE / January 24, 2023 / Statera Biopharma, Inc. (NASDAQ:STAB) (the "Company" or "Statera Biopharma"), a biopharmaceutical company creating next-generation immune therapies that focus on immune restoration and homeostasis, is pleased to announce it has completed the application process for moving off the OTC Pink Sheets and uplisting to the OTCQB Venture Marketplace. Ill skip two others. It is not clear whether the company would be profitable under any of these scenarios. 2978 0 obj <>stream I've been investing in what I've learned about micro caps and have been providing updates on the individual stocks that I follow. There is also the OTC Markets Groupthe largest operator of over-the-counter tradingwhich has eclipsed the OTCBB. 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. This is exactly like when a sports team jumps to the top league after being really good at their current league. Before you start, gather some basic company information. They are inherently uncertain, and investors must recognize that events could turn out to be significantly different from our expectations. If you have an ad-blocker enabled you may be blocked from proceeding. The Companys shares will continue to trade on the OTCQX under the symbol SOTK until trading on Nasdaq commences. n -9L-cT}pM OEns0\qWg7Y4#P b`uH00ZGFD3@ ^> When a stock gets delisted from a major US exchangenamely the NYSE or Nasdaqthe news tends to fade. We do not endorse any third parties referenced within the article. %%EOF 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. Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Naturally, a U.S. registration is a significant milestone for the company, CEO Adrian Montgomery said. 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. 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. That implies a 75% downside. 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. Powered by: 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. JSI uses funds from your Treasury Account to purchase T-bills in increments of $100 par value (the T-bills value at maturity). The OTC markets have a lower trading volume than standard exchanges. OTC Market Groups Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. Financials are fairly ugly for now, and price is no better than fair. Companies that want to list on the Nasdaq, on the other hand, are required to have 1.25 million public shares held by at least 550 shareholders with a collective market value of $45 million. PDF Nasdaq Initial Listing Guide 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. Please disable your ad-blocker and refresh. Bryostatin-1 has already undergone testing in more than 1,500 people in cancer studies, thus creating a large safety data base that will further inform clinical trial designs. The exchange may require the company to issue a press release notifying shareholders about this decision. However, SHEIN brought it to the next level with ultra-fast fashion. QCA will also be tapped to make the circuits for the drones, so there is a vertical integration synergy as well. Nasdaq Listing Requirements | List Your Company | Nasdaq Phase two was to monetize through advertising, which is in process. The Bitcoin is valued at $55 million at the time of writing. 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. 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. Stay up to date with financial events and indicators from all over the world. IPO dates are estimated and may change, and in some cases companies postpone or withdraw their plans. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. ALPP begins flowing cash, and eventually grows into its elevated valuation as say a $1B company. IPO dates are sourced from SEC filings, press releases, roadshow presentations, NASDAQ, NYSE and others. She likes to give meaning to numbers by humanizing them. Too much in the pipeline not to see this through so tda not being updated is just a inconvenience for now. In January 2021, ALPP bought Vayo, another high-performance drone maker. If we take this optimistic $44M number as revenue ALPP trades at ~11x revenue. Bitfarms Stands To Gain From An Upcoming Nasdaq Uplisting Check the background of this firm on FINRAs BrokerCheck. Recent news which mentions uplisting. Companies can jump from the OTC market to a standard exchange as long as they meet listing and regulatory requirements, which vary by exchange. Alpine 4 Technologies, which is changing its name to Alpine 4 Holdings, is a holding company with nine subsidiaries. Trading on a standard exchange often means more trading volume, less volatility, and more liquidity. The Difference Between Stock Trades on Pink Sheets and the OTCBB. Even so, the company remained . Companies can also take advantage of this portal to safely and securely submit supplemental documentation. A stock symbol is a unique series of letters assigned to a security for trading purposes. The Company's common stock will continue to trade on the OTC Markets quotation system on the OTCBB until trading commences on The Nasdaq Capital Market. Preclinical studies have also demonstrated Bryostatin's regenerative mechanisms of action for the rare disease, Fragile X syndrome, and for other neurodegenerative disorders such as multiple sclerosis, stroke, and traumatic brain injury. If January and February are a sign of things to come in 2021, traders and investors are going to make a lot of money this year. I wrote this article myself, and it expresses my own opinions. ALPP has to continue to raise equity capital but every raise creates punishing dilution. If you have an ad-blocker enabled you may be blocked from proceeding. The company reported Q3 2019 income grew to over C$1.2 million compared to a C$132,368 loss in Q2 2019 and year-to-date revenues at C$14.4 million compared to C$1.8 million for full FY 2018. 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. This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Enthusiast Gaming is a holding in the Roundhill BITKRAFT Esports & Digital Entertainment ETF (NYSE:NERD). Go I wasn't selling at uplist to Nasdaq anyway. About The "Stock Day" Podcast. The drone business is technically impressive but financially break-even or money-losing. After a fraud scandal from former CEO Mark Frissora, it proved too much for Hertz to bear. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. After a year, the brains behind the drones depart for greener pastures. We also reference original research from other reputable publishers where appropriate. For retail investors, trading an uplisted stock comes with unique risks and opportunities. by Roy M. MAY 31St, 2021. Now, Hertz has uplisted its way back to a major exchange. Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value. Nasdaq. Entering text into the input field will update the search result below. Securities trade OTC is because they don't meet the financial or listing requirements to list on a market exchange. It isn't impossible for a company that trades OTC to make the leap to a major exchange. You can complete your. 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. endstream endobj startxref The Company anticipates trading to begin on November 26, 2021under the ticker symbol "IAIC". The stock price jumped on the date the acquisition was announced and then went back to its base level. 2020: $9.8B. 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. All rights reserved. This content is not investment advice. According to the S-1 filed on Sept. 13, Newgioco has approximately 90,000 online user accounts and over 2100 physical locations such as sports bars and coffee shops. Copy and paste multiple symbols separated by spaces. Charles Schwab is an example of a company moving back and forth between the NYSE and the Nasdaq. Getting uplisted isnt a guarantee for success, but it can be a good sign that things are going well for a company. Consider two different scenarios. Some stocks may be coming to a standard exchange for the first time after calling the OTC home. The above content provided and paid for by Public and is for general informational purposes only. 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. We look forward to continuing to execute on our strategic plan and growth initiatives as we build long term shareholder value.. Revenues steadily grew from $1.7 million in 2014 to $34.5 million in 2018 but for this fiscal year revenues will be about the same as for 2018. Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (Dalmore), member of FINRA & SIPC. 0 My feeling is that this company is a binary proposition: it will either do a lot better, or a lot worse, over the coming year. 2. hb```,B cb&CAAA v^p@{@hLZ8pk>=l3g7syS/)b.XvA9zYC[8=]}gKpCo~1 Maybe youve heard of companies going public-to-private-to-public-again (ahemPanera Bread). Login - Join Now! Subsidiary QLC becomes a go-to supplier of circuits for the booming EV industry. Touch device users, explore by touch or with swipe gestures. This makes OTC stocks more volatile than stocks on the NYSE or Nasdaq. The company has recently begun penetration of the U.S. market offering its SaaS solutions. Roundhill Investments CEO Will Hershey told Benzinga in December that Enthusiast Gaming was planning to uplist, which could be a catalyst for shares. Guidance for 2020 calls for annual revenues between C$70 and C$80 million. Other stocks that have uplisted from the OTC to Nasdaq or NYSE Hertz isn't the only company to uplist this year. Treasuries. Do not infer or assume that any securities, sectors or markets described in this article were or will be profitable. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. I've found, for example, that a money-burning biotech runs up in price on investor excitement about uplisting and then sells off immediately afterwards. Discover which stocks are splitting, the ration, and split ex-date. Simultaneous with the Nasdaq listing, Mr. Waggoner raised approximately $90 million to support PharmaCyte's worldwide operations and research and development efforts. Financial Industry Regulatory Authority. JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (Public) or any of its subsidiaries. Given its size, companies that meet the requirements of the NYSE occasionally move their stock there for increased visibility and liquidity. Customer Relationship Summary, Open to the Public Investings Fee Schedule. Most people think they are up to date on OTC stocks but the landscape has changed dramatically. These and other factors are identified and described in more detail in the Company's filings with the Securities and Exchange Commission. 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. Latest news about uplisting - Stock Market - CloudQuote You should consult your legal, tax, or financial advisors before making any financial decisions. Argo Blockchain's Uplisting: What Investors Should Know About - Insider I have been avoiding taking an interest in any cannabis-related stock due to the hype. Four of these are pretty boring: sheet metal and fabrication. But have you heard of companies going listed-to-delisted-to-listed? "OTC Bulletin Board (OTCBB).". Mind Medicine (MNMD) Stock: Incomplete Nasdaq-Uplisting Application The Listing Center is the preferred method for submitting all listing and compliance-related documents. Get help and support from our award-winning team. Sono-Tek Corporation is the leading developer and manufacturer of ultrasonic coating systems for applying precise, thin film coatings to protect, strengthen or smooth surfaces on parts and components for the microelectronics/electronics, alternative energy, medical and industrial markets, including specialized glass applications in construction and automotive. Home . See JSIs FINRA BrokerCheck and Form CRS for further information. Private. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Synaptogenix Provides Corporate Update and Outlines Potential Business Opportunities, Synaptogenix Announces Topline Results from NIH-Sponsored Phase 2 Clinical Trial of Bryostatin-1 for Advanced Alzheimer's Disease. American Battery Metals Corporation (OTCQB:ABML) applied to uplist from the OTC to the Nasdaq in May 2021. About Information Analysis IncorporatedInformation Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology products and services company. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Please see our Required Notifications page to learn more about the timing and notification requirements applicable to various corporate actions (e.g., dividend distributions, name and symbol changes, listing of additional shares). Acquisitions are not accretive and synergies fail to appear. Put your cash to work with a high-yield Treasuries account. The diversification leads to the ability to monetize subscriptions, sponsorships, content licensing, direct sales and data. The planned reverse split for CANB, for example, will give the declining price trend more room to run. You can read all about it here. See Jiko U.S. Treasuries Risk Disclosures for further details. An 8-1 reverse stock split on Dec. 12 in order to meet Nasdaq stock price requirements. Listen to our daily live shows on the latest market news. potential Nasdaq uplisting and the company's plan to launch a new subsidiary, the future looks sunny for the company. 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 balance sheet shows negative equity and ~$25M of debt (source). Going forward, phase four is to turn its userbase into a marketplace with commerce and an app store. We discuss expectations regarding our future performance, such as our business outlook, in our annual and quarterly reports, press releases, and other written and oral statements.