Six OTC Issuers Uplisted to Senior Exchanges in August 2017
Six issuers uplisted from the OTC Markets to the NASDAQ, NYSE American, and NYSE in August. Learn more about these OTC ‘graduates’ below.
Bank Princeton New Jersey (NASDAQ: BPRN)
On August 1, 2017, Bank Princeton New Jersey uplisted from the OTC PINK to the NASDAQ Global Select Market. The Bank of Princeton is a community bank founded in 2007 with 13 branches in New Jersey and Pennsylvania.
Upon uplisting BPRN completed a $55 million underwritten public offering of common stock. Sandler O’Neill + Partners, L.P. acted as sole book-running manager for the offering. Boenning & Scattergood, Inc. and FBR Capital Markets & Co., a B. Riley Financial Company, acted as co-managers.
Aspen Group Inc. (NASDAQ: ASPU)
On August 2, 2017, Aspen Group Inc. uplisted from the OTCQB to the Nasdaq Capital Market. Aspen Group, Inc. is a post-secondary education company.
Citius Pharmaceuticals Inc. (NASDAQ: CTXR)
On August 3, 2017, Citius Pharmaceuticals uplisted from the OTCBB to the Nasdaq Capital Market. Citius is a specialty pharmaceutical company dedicated to the development and commercialization of critical care products with a focus on anti-infectives, cancer care and unique prescription products using innovative, patented or proprietary formulations of previously approved active pharmaceutical ingredients.
Upon uplisting CTXR priced an underwritten public offering of common stock and warrants to raise approximately $6.8 million. Aegis Capital Corp. is acting as the sole book-running manager for the offering and Dawson James Securities, Inc. is acting as co-Manager for the offering.
Eastside Distilling, Inc. (NASDAQ: ESDI)
On August 10, 2017, Eastside Distilling uplisted from the OTCQB to the NASDAQ Capital Market. Eastside Distilling is located in Southeast Portland’s Distillery Row, and has been producing high-quality, master crafted spirits since 2008.
Upon uplisting ESDI priced an underwritten public offering of common stock and warrants to raise approximately $5.4 million. Roth Capital Partners and Aegis Capital Corp. are acting as the joint book-running managers for the offering.
Kirkland Lake Gold Ltd. (NYSE: KL)
On August 18, 2017, Kirkland Lake Gold uplisted from the OTCQX to the NYSE. Kirkland Lake Gold Ltd. is a mid-tier gold producer with 2017 target production of 570,000 to 590,000 ounces from mines in Canada and Australia.
Opiant Pharmaceuticals, Inc. (NASDAQ: OPNT)
On August 29, 2017, Opiant Pharmaceuticals uplisted from the OTCQB to the Nasdaq Capital Market. Opiant Pharmaceuticals is a specialty pharmaceutical company developing pharmacological treatments for addictions.