Enzolytics Inc (ENZC)

[foxi]

It looks like they could use the "Market Value Standard" track in the Nasdaq Global Market to satisfy financial and liquidity requirements. (See page 8) I don't know if they're able to meet other requirements (audit trail, governance, etc).

Agreed that Nasdaq may not be realistic this year - but there are other tracks than revenue history and other tiers besides the premium Global Select Market.

https://listingcenter.nasdaq.com/assets/initialguide.pdf

https://www.otcmarkets.com/otcapi/company/financial-report/312797/content


Nasdaq would be nice because it'd open the doors to other investors and help shake off those MM's who just live in the OTC.


Has the company clarified what market it's planning to uplist to? I found this tweet from Godfather talking about the audit and uplisting to OTCQB (from Feb 2021, yep that's nearly a year ago) so maybe OTCQB is their target.

$ENZC - so why uplist to OTCQB ? Because, we will still be a publicly traded company and subsidiary to $GILD where common shares still exist and only ENZC controlling block (Preferred shares) are bought out. Don't know the full details of the agreement, but something like that.

— 𝐆𝐨𝐝𝐟𝐚𝐭𝐡𝐞𝐫 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 (@GodfatherCap) February 24, 2021