Indoor Harvest Corp (INQD)

[Lakota-45]

Maybe this will help; . . .

Up-listing From OTC to Nasdaq

So, what happens when a company moves from OTC to Nasdaq? It takes around four to six weeks to process a company’s uplisting application, which includes a listing agreement, a $25,000 application fee and corporate governance certification, among other requirements.

https://foundershield.com/blog/how-uplisting-stocks-works/#:~:text=Nasdaq%20Uplisting%20Requirements,-Also%2C%20the%20Nasdaq&text=At%20least%20100%20shares%20and,of%20at%20least%20%242.2%20million

Nasdaq Uplisting Requirements

Also, the Nasdaq exchange doesn’t allow any company to trade on its exchange without fulfilling the minimum criteria:

1,250,000 publicly traded shares outstanding on the listing, without including shares held by the directors or officers of the company
Company’s stock listed at a price of at least $4.00 a share
At least 100 shares and 550 shareholders
Cash flow of at least $27.5 million in the last three fiscal years
Aggregate pre-tax earnings in the prior three years of at least $11 million or pre-tax earnings in the previous two years of at least $2.2 million

~ $INQD ~