Five OTC Markets Issuers Uplisted From The OTCQB To The Nasdaq in December 2018
Five OTC Markets Issuers Uplisted From The OTCQB To The Nasdaq in December 2018. All of Decembers uplists were from the OTCQB to the Nasdaq and no issuer uplisted to the NYSE. Learn more about these OTC ‘graduates’ below.
Wrap Technologies Inc. (Nasdaq: WRTC)
On December 4th, 2018, WRTC uplisted from the OTCQB to the Nasdaq Capital Market. Wrap Technologies is an innovator of modern policing solutions. The Company’s BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet.
Diamedica Therapeutics Inc. (NASDAQ: DMAC)
On December 7th, 2018, DMAC uplisted from the OTCQB to the Nasdaq Capital Market. DiaMedica Therapeutics is a clinical stage biopharmaceutical company focused on developing novel treatments for neurological and kidney diseases.
Enochian Biosciences Inc. (Nasdaq: ENOB)
On December 10th, 2018, ENOB uplisted from the OTCQB to the Nasdaq Capital Market. Enochian Biosciences is a biopharmaceutical company focused on the development and commercialization of novel gene-modified cell therapies aimed to change the course of treatment in HIV/AIDS and cancer.
The Alkaline Water Company Inc. (Nasdaq: WTER)
On December 10th, 2018, WTER uplisted from the OTCQB to the NASDAQ Capital Market. The Alkaline Water Company Inc. is a leading producer of premium bottled alkaline drinking water sold under the brand name Alkaline88®.
In order to meet certain NASDAQ financial requirements, the WTER announced a non-brokered private placement financing of 1,619,947 units at a price of CDN$2.50 per Unit for gross proceeds of CDN$4,049,867.
DATASEA INC (Nasdaq: DTSS)
On December 19th, 2018, DTSS uplisted from the OTCQB to the Nasdaq. Datasea is a technology company in China engaged in the development of information technology (or IT) systems and network security solutions.
In connection with the uplisting, DTSS completed an underwritten public offering of 1,450,000 shares of common stock at a public offering price of $4.00 per share for gross proceeds of $5.8 million, before underwriting discounts and commissions and offering expenses. ViewTrade Securities, Inc. acted as the Sole Underwriter and Sole Book-Running Manager for the offering.