The stockholders equity requirement for NYSE is $4 million. Verus’s current stockholder equity is $256k according to their last quarterly report. One way to achieve that would be to grow the equity organically and then uplist, which would be the best option for shareholders but unlikely to achieve until next year. Second option is to concurrently make an offering and uplist now, but this would further dilute the stock and hurt shareholders, especially if they’re not in a position of strength like they are in right now in terms of market sentiment. And of course, they also need the R/S to fulfill the price requirement as well.
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