You're looking at the NASDAQ global market on page 8, it's a higher tier, harder to qualify market than the lower tier, NASDAQ capital market.
I don't know if OCAT meets those much stricter and more exclusive requirements for the global market, it's a much smaller club? It's also much more expensive to list on in terms of up front and annual fees.
I'd be surprised if they'd make the global market tier straight off the OTC. Almost every company I've ever seen list off the OTC goes to the lowest tier capital market place (CM) after their symbol. That table is a general summary- there's pages of details in the codes to be met for each tier, the codes are 5705, 5710, 5711, etc. All those requirements must be met, not just what that summary, general guideline table shows.
The table is just a summary outline - one must click the top "blue highlighted codes" to read the fine print- and it's lengthy and complex and gets into derivative share issues, warrants, all kinds of stuff.
Notice, the "global market" involves qualifying under sections 5405A and 5405 B3, B4, etc.
The "capital markets" is via sections 5505(A) and 5505(B)(2) etc.
Read all the details in those explanations- it's complicated. Again, the "global" being the tougher to qualify, more stringent, more expensive, etc. That's what I know. I've seen several "uplists" from OTC and I think every one of them went to NASDAQ(cm) the capital markets, like the starting, lower tier. That's what my assumptions are based on.
It's not that simple as that summary table, that's just the very starting point of the rules. It's a complex matter. OCAT isn't "in dialogue" with NASDAQ cause this is like filling out some one page form.
AI
