Reverse stock split is an action intended to fulfill the stock price requirements for official listing on NASDAQ, which requires that the Company's common stock price be at $4.00 or higher at the time of listing.
SOFO,BRFH,AZ,FNGR,SPRC,IAIC (WAVD),some examples of recent uplisters without R/S at the time of listing.
4 dollars per share are enough to be able to go public and I believe that with the potential this company has, it can do it without any R/S