Five Issuers Uplist From The OTC In April
Five issuers graduated from the OTC Markets to senior exchanges in April. Four joined the NASDAQ while one joined the NYSE Mkt.Goodrich Petroleum Corporation (NYSE Mkt: GDP)
Goodrich Petroleum Corporation (NYSE Mkt: GDP) left the OTCQX for the NYSE Mkt on April 11, 2017.
Goodrich Petroleum is an independent oil and gas exploration and production company headquartered in Houston, Texas.
FNB Bancorp (NASDAQ: FNBG)
FNB Bancorp (NASDAQ: FNBG) left the OTCQB for the NASDAQ on April 13, 2017.
FNB Bancorp, through its wholly owned subsidiary, First National Bank of Northern California, operates 12 full service banking offices in the City and County of San Francisco, San Mateo County, and Santa Clara County. The Company’s primary business is to serve the business and commercial banking needs of individuals and small to mid-sized businesses through a variety of deposit and loan offerings.
SilverSun Technologies, Inc. (NASDAQ: SSNT)
SilverSun Technologies, Inc. (NASDAQ: SSNT) left the OTCQB for the NASDAQ on April 19, 2017.
SilverSun Technologies, Inc. is a business application, technology and consulting company providing strategies and solutions to meet our clients' information, technology and business management needs. Our services and technologies enable customers to manage, protect and monetize their enterprise assets whether on-premise or in the "Cloud". As a value added reseller of business application software, we offer solutions for accounting and business management, financial reporting, Enterprise Resource Planning ("ERP"), Warehouse Management Systems, Customer Relationship Management, and Business Intelligence. Additionally, we have our own development staff building software solutions for Electronic Data Interchange, time and billing, and various ERP enhancements.
Yangtze River Development Limited (NASDAQ: YERR)
Yangtze River Development Limited (NASDAQ: YERR) left the OTCQX for the NASDAQ on April 19, 2017.
Yangtze River Development Limited primarily engages in the business of real estate development with a port logistic project located in the middle reaches of the Yangtze River. Wuhan Newport is a large infrastructure development project implemented under China's "One Belt One Road" initiative and is strategically positioned in the "Free Trade Zone" of the Wuhan Port, a crucial trading window between China, the Middle East and Europe. To be fully developed upon completion of three phases, within the logistics center, there will be six operating zones, including a port operation area, warehouse and distribution area, a cold chain logistics area, rail cargo loading area, exhibition area and residential community. The logistics center is also expected to provide a number of shipping berths for cargo ships of various sizes. Wuhan Newport is expected to provide domestic and foreign businesses a direct access to the anticipated Free Trade Zone in Wuhan.
Catasys Inc. (NASDAQ: CATS)
Catasys Inc. (NASDAQ: CATS) left the OTCQB for the NASDAQ on April 26, 2017.
Catasys, Inc. provides big data based analytics and predictive modeling driven behavioral healthcare services to health plans and their members through its OnTrak solution. Catasys' OnTrak solution--contracted with a growing number of national and regional health plans--is designed to improve member health and, at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions. The solution utilizes proprietary analytics and proprietary enrollment, engagement and behavioral modification capabilities to assist members who otherwise do not seek care through a patient-centric treatment that integrates evidence-based medical and psychosocial interventions along with care coaching in a 52-week outpatient treatment solution.
In connection with the uplisting, CATS completed a $15 million underwritten public offering of 3,125,000 shares of common stock at a price of $4.80 per share. Joseph Gunnar & Co., LLC acted as sole book-running manager for the offering.