News about the uplisting of a stock to a bigger exchange is almost always seen as a major positive by investors and hence, it may be a good time to start tracking the KwikClick Inc (OTCMKTS:KWIK) stock.
On Wednesday, KWIK stock moved down 0.77% to $6.45 with 3.39K shares, compared to its average volume 1.01K shares. The stock moved within a range of $6.45 – 6.65 after opening trade at $6.65.
KwikClick, Inc. Announces Plans To Uplist To OTCQB Markets; Completes Required Filings To Facilitate Process
Yesterday, the company announced that it had initiated the procedure for delisting from the OTC Pink Sheets and then uplisting to the OTCQB. KwikClick noted yesterday that it had not only completed the application but submitted it to the relevant parties in order to begin the process. The company noted that a move to the OTCQB is going to benefit investors considerably.
First of all, a listing on the new exchange is going to lead to greater reporting standards, provide the company with higher analyst coverage, and news coverage and on top of that, the compliance requirements are also going to be more strident.
It should be noted that the OTCQB is regarded as an ‘established public market’ by the United States Securities and Exchange Commission. On the other hand, the OTC Pink Sheets do not command such status and hence, the uplisting could well prove to be a significant one for KwikClick and its investors.
Matt Williams, KwikClick, Inc. President, said, “Uplisting to the OTCQB will assist our company in providing greater shareholder value. It will allow us to achieve greater market visibility along with increased trading liquidity within the investment community. We look forward to showcasing our company to a larger audience of domestic and international investors.” Mr. Williams added, “Uplisting to OTCQB is the first of several exciting advancements planned. We believe that while this is just the first step toward a NASDAQ listing, it provides immediate market credibility to expedite our mission to become a global E-commerce player.”