Staffing 360 Solutions announces application for NASDAQ capital market listing
Such listing is dependent on the Company meeting all of the necessary listing requirements of NASDAQ.
"We are pleased to announce our initial application with NASDAQ as we take the necessary steps to increase our visibility in the capital markets," stated Brendan Flood, Executive Chairman of Staffing 360 Solutions. "The steps we are taking to list on a national exchange validates our unwavering commitment to creating a major global staffing company with strong corporate governance and full transparency as we drive toward our stated mission of reaching $300 million in revenue."
Staffing 360 Solutions has already achieved a majority of the listing requirements. Based on management's analysis, the Company believes it will qualify for alternate bid price criteria, which would allow it to uplist to a national exchange based on a $2.00 bid price.
Mr. Flood continued, "The Board and our executive team are confident that a national exchange listing such as NASDAQ will be of tremendous benefit to existing and potential shareholders alike. Not only would we expect a national exchange listing to allow us to attract additional investors and increase liquidity, we would also expect it to make Staffing 360 Solutions available to a broader segment of the institutional investment community as we strive to improve our revenue, earnings and shareholder value."
The company anticipates uplisting to a national exchange once it meets all of the necessary listing requirements