Four OTC Markets Issuers Uplisted to Nasdaq & NYSE in November 2018
Four issuers uplisted from the OTC Markets to the NASDAQ or NYSE in November 2018. Learn more about these OTC ‘graduates’ below.
Aphria Inc. (NYSE: APHA)
On November 2, 2018, APHA uplisted from the OTCPink to the NYSE. Aphria is a leading global cannabis company driven by an unrelenting commitment to our people, product quality and innovation.
In preparation for its listing on the New York Stock Exchange, in June of 2018, Aphria closed a $258,750,794 short form prospectus offering consisting of the sale of 21,835,510 shares of common stock at a purchase price of $11.85 per share. The underwritten offering was led by Clarus Securities Inc. and included Canaccord Genuity Corp., Cormark Securities Inc., Haywood Securities Inc. and INFOR Financial Inc.
Avalon GloboCare Corp. (NASDAQ: AVCO)
On November 5, 2018, AVCO uplisted from the OTCQB to the Nasdaq Capital Market. Avalon GloboCare is a global intelligent biotech developer and healthcare service provider dedicated to promoting and empowering high impact, transformative cell-based /technologies and their clinical applications, as well as healthcare facility management through its core platforms, namely “Avalon Cell” and “Avalon Rehab.”
In preparation for its listing on the Nasdaq, Avalon (i) closed a private placement offering in the aggregate amount of $5,437,250, whereby the Company sold 3,107,000 shares of common stock at a price per share of $1.75, and (ii) closed a $2,113,762.50 underwritten public offering of the Company’s common stock at price per share of $2.25. Boustead Securities, LLC acted as the Company’s placement agent and underwriter for these offerings.
Roan Resources, Inc. (NYSE: ROAN)
On November 9, 2018, ROAN uplisted from the OTCQB to the NYSE. Roan is an independent oil and natural gas company headquartered in Oklahoma City, OK focused on the development, exploration and acquisition of unconventional oil and natural gas reserves in the Merge, SCOOP and STACK plays of the Anadarko Basin in Oklahoma.
Creative Realities, Inc. (Nasdaq: CREX)
On November 15, 2018, CREX uplisted from the OTCQB to the Nasdaq Capital Market. Creative Realities helps retailers and brands use the latest technologies to inspire shopper engagement in and around the Store.
In connection with its uplist to the Nasdaq, Creative Realities closed a $10,000,000 underwritten public offering, consisting of 2,857,142 shares of common stock and warrants to purchase 1,428,571 shares of common stock at the combined public offering price of $3.50 per share. The warrants have a per share exercise price of $4.375, subject to adjustment, are exercisable immediately and will expire five years (5) from the date of issuance. A.G.P./Alliance Global Partners acted as the sole book-running manager for this offering. The Benchmark Company LLC acted as co-manager.