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Posted On: 03/26/2022 12:10:32 AM
Post# of 87117
Univec, Inc. can apply to Nasdaq for up listing as a penny stock. The private companies will have to be audited for 2020 and 2021 at some point in the process but not to file. But my understanding the process can start as soon as the private companies are merged into Univec, Inc. Nasdaq won't even start the process until the mergers are complete.
There is a good chance Doc merged in January so we would have a good jump on the 3 to 5 month process. Doc can sure launch this without Nasdaq approval as there is a lot of big money waiting to move into Univec, Inc. after the mergers and press releases start.
As far as the share price required, the rules are right on their site. With the companies merged we would "qualify" for all three levels. The level we get will be determined by our closing price. Level one and two require a closing price of $2 for level one and $3 for level two, this is for five consecutive days. Level three states one day closing at $4 but the Nasdaq lady told me for Univec they would want to see two days closing at $4 or more. The reason is we came out of darkness for a number of years.
Please, don't think that Nasdaq sets our opening price, they do not for an up list. The "market" supply and demand will determine the price based upon the press releases and company financial numbers. Good PR's and numbers will create demand.
We also have to get our SEC registration again and also SEC approval to up list. That should get done before the Nasdaq finishes their approval, because the process happens at the same time.
It sure looks like we are almost there and it will be worth the wait, IMO.
There is a good chance Doc merged in January so we would have a good jump on the 3 to 5 month process. Doc can sure launch this without Nasdaq approval as there is a lot of big money waiting to move into Univec, Inc. after the mergers and press releases start.
As far as the share price required, the rules are right on their site. With the companies merged we would "qualify" for all three levels. The level we get will be determined by our closing price. Level one and two require a closing price of $2 for level one and $3 for level two, this is for five consecutive days. Level three states one day closing at $4 but the Nasdaq lady told me for Univec they would want to see two days closing at $4 or more. The reason is we came out of darkness for a number of years.
Please, don't think that Nasdaq sets our opening price, they do not for an up list. The "market" supply and demand will determine the price based upon the press releases and company financial numbers. Good PR's and numbers will create demand.
We also have to get our SEC registration again and also SEC approval to up list. That should get done before the Nasdaq finishes their approval, because the process happens at the same time.
It sure looks like we are almost there and it will be worth the wait, IMO.
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