2 OTC Issuers Uplisted In January
2017 started off with two issuers graduating from the OTC Markets to senior exchanges in January. One joined the NASDAQ while the other joined the NYSE Mkt.
Americas Silver Corporation (NYSE MKT: USAS)
Americas Silver Corporation (NYSE MKT: USAS) left the OTCQX for the NYSE Mkt on January 19, 2017.
Americas Silver Corporation is a silver mining company focused on growth in precious metals from its existing asset base and execution of targeted accretive acquisitions. Americas owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho, USA.
In a press release, Darren Blasutti, President and CEO of USAS, said; “Listing on the NYSE MKT is an important milestone for Americas Silver which will create greater exposure among institutional and retail investors in the U.S. and internationally at this important time of growth for the Company.”
Meridian Waste Solutions, Inc. (NASDAQ: MRDN, MRDNW)
Meridian Waste Solutions, Inc. (NASDAQ: MRDN, MRDNW) left the OTCQB for the NASDAQ Capital Market on January 25, 2017.
Meridian Waste Solutions, Inc. focuses on finding and implementing solutions to solid waste needs and challenges within the industry and for their customers. Currently, the company operates in St. Louis, Missouri and services over 65,000 residential, commercial, industrial and governmental customers. In addition to a fleet of commercial, residential and roll off trucks, the Company operates three transfer stations and one municipal solid waste landfill.
In connection with the uplisting, MRDN completed a $12.4 million underwritten public offering of 3,000,000 shares of common stock and warrants to purchase 3,000,000 shares of common stock. Joseph Gunnar & Co., LLC is acting as sole book-running manager for the offering. Axiom Capital Management, Inc. is acting as a co-manager for the offering and Garden State Securities, Inc. is acting as a Selected Dealer in the offering.