Two Issuers Uplist From The OTC In February
Two issuers graduated from the OTC Markets to senior exchanges in February. One joined the NASDAQ while the other joined the NYSE Mkt. Both uplisted on the same day – February 14th.
Auxilio provides complete document workflow solutions and IT security services to healthcare organizations across the United States. Auxilio has helped its clients save more than $80 million since 2004 by providing Print as a Service (PRaaS) vendor neutral solutions which lower costs, improve operational efficiency and enhance security. Auxilio’s intelligent workflow automation suite delivers a customer driven approach transforming printed documents to digital workflows, reducing waste and driving additional savings opportunities. Auxilio serves a national portfolio of nearly 220 hospital campuses and manages over 1.5 billion documents annually from over 90,000 devices supporting over 280,000 caregivers.
In a press release, Joe Flynn, CEO of Auxilio. “Uplisting to the NYSE MKT is the most effective method for us to increase stock liquidity and exposure to attract institutional investors, and is a key piece of the equation in our plan to enhance shareholder value.”
New Age Beverages Corporation is a Colorado-based, healthy functional beverage company originally founded in 2003 and re-created via the combination of XingTea®, Aspen Pure® Rocky Mountain Water, Búcha® Live Kombucha, and New Age Beverages in June 2016.
In connection with the uplisting, NBEV completed a $15 million underwritten public offering of 4,285,714 shares of common stock at a price of $3.50 per share. Aegis Capital Corp. and Maxim Group LLC are acting as joint book-running managers for the offering.