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Posted On: 01/06/2021 6:37:31 PM
Post# of 86157
Sounds like you have had too many Miller Lites. There are requirements that must be met before being uplisted to the NASDAQ. The main hurdle for Univec would be the market value - depending on how much stock is actually floating around out there.
https://www.investopedia.com/ask/answers/08/o...nasdaq.asp
"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."
"While a lot of fanfare may occur when a stock is newly listed on an exchange—especially on the NYSE—there isn't a new initial public offering (IPO). Instead, the stock simply goes from being traded through the OTC market to being traded on the exchange."
There would not be an overnight jump in market price if it moves to the NASDAQ - that would have to happen ahead of time as a requirement of the move.
https://www.investopedia.com/ask/answers/08/o...nasdaq.asp
"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."
"While a lot of fanfare may occur when a stock is newly listed on an exchange—especially on the NYSE—there isn't a new initial public offering (IPO). Instead, the stock simply goes from being traded through the OTC market to being traded on the exchange."
There would not be an overnight jump in market price if it moves to the NASDAQ - that would have to happen ahead of time as a requirement of the move.
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