Last Week, 3 Companies Uplisted From OTC To NASDAQ
Last Week, 3 Companies Uplisted From OTC To NASDAQ. FlexShopper, Inc. (NASDAQ: FPAY), Limbach Holdings, Inc. (NASDAQ: LMBH), and Moxian, Inc. (NASDAQ: MOXC) all uplisted from the OTCQB to the NASDAQ Capital Market.
FlexShopper, Limbach, and Moxian join Xenetic Biosciences, Inc. (NASDAQ: XBIO), TapImmune, Inc. (NASDAQ: TPIV), and Diffusion Pharmaceuticals Inc. (NASDAQ: DFFN) all of which left the OTC Markets for a senior exchange in November.
Moxian, Inc. (NASDAQ: MOXC), founded in 2013 in Shenzhen, China, is an offline-to-online (O2O) integrated platform operator. The Company’s “Moxian+” mobile App platform connects Users to Merchant Clients through games, rewards and social events that they enjoy and in return, Users provide valuable information that Merchant Clients can use to effectively promote products and services offered at their brick and mortar stores.
Moxian, Inc. left the OTCQB for the NASDAQ on November 15th. Immediately prior to uplisting to the NASDAQ, MOXC completed a $10,005,000 public equity offering where Axiom Capital Management Inc. and Cuttone & Co., Inc. acted as placement agents for the offering.
Terms of the MOXC public offering where as follows: 2,501,250 shares of its common stock at a public offering price of $4.00 per share.
Limbach Holdings, Inc. (NASDAQ: LMBH), with estimated revenues of approximately $400 million in 2016, is an integrated building systems provider – managing all components of mechanical, electrical, plumbing and control systems, from system design and construction through performance and maintenance.
FlexShopper, LLC, a wholly owned subsidiary of FlexShopper, Inc. (NASDAQ: FPAY), is a financial and technology company that provides brand name electronics, home furnishings and other durable goods to consumers on a lease-to-own (LTO) basis through its ecommerce marketplace (www.FlexShopper.com) and patent pending LTO payment method. FlexShopper also provides LTO technology platforms to retailers and e-retailers to facilitate transactions with consumers that want to acquire their products, but do not have sufficient cash or credit.
FlexShopper left the OTCQB for the NASDAQ on November 18th.
On June 10th, FPAY raised $20 million from an entity affiliated with Pacific Investment Management Company LLC, through the issuance and sale of shares of Series 2 Convertible Preferred Stock.