Today (October 14th, 2021), $ALPP - Alpine 4 Holdings filed an 8-K form with the SEC. Typically 8-K forms report on unscheduled material events/changes that could have implications on shareholders. Therefore, 8-K reports can essentially cover any event no matter how small/large its potential implication on the shareholders. Today, ALPP's 8-K filing was very significant to the shareholders.
Today, ALPP disclosed (in their 8-K filing) in a press release that they have been approved by The NASDAQ Stock Market to list on the NASDAQ on October 20th, 2021 (next Wednesday) under the ticker $ALPP.
Currently $ALPP trades on the OTC Markets which is seen to be very risky for many investors due to volatility, illiquidity, market manipulation, and the fact that these companies usually do not amount to much.
However, $ALPP will be able to shed this misconception, and become a more legitimate stock for investors through their “uplisting” on the NASDAQ.
An uplisting is when a stock that trades on more informal exchanges (OTC, TSX.V etc) get approved to go public on major/formal markets (NASDAQ, NYSE etc.). Typically, penny stock/OTC investors see an uplisting as one of the most bullish things that can happen to a stock on that market, and it is what every OTC investor one day dreams of when they invest into their OTC position.
This is the case as many institutions do not invest in OTC markets for a variety of reasons. This uplisting will allow institutional investors to get their first chance to invest in $ALPP, and we may see large sums of institutional money flow into this stock, which could help it soar on their first couple of trading days (on the NASDAQ).