The uplisted and cross-listed companies raised approximately $304 million in Q1.
A total of 9 companies which operate in 4 different sectors made up the 2023 Q1 class of uplisted companies. Five (5) of the newly exchange traded companies were listed organically, meaning they did not require a simultaneous underwritten public offering in order to consummate the uplisting or cross-listing to a Senior U.S. Exchange. Four (4) of the uplists and cross-lists included simultaneous underwritten public offerings, ranging from approximately $3,900,000 to $252,000,000.
Placing a particular emphasis on uplisted and cross-listed issuers operating in the Micro-Cap space (issuers with up to $300 million market cap), our 2023 Q1 Uplisting Quarterly Report explores all the data and trends behind these numbers, while providing a comparative look into the various elements of the uplisting and cross-listing process.