LexaGene Holdings Take Steps to List on the Nasdaq

Over the years the number of sources from which investors can get the latest information about the markets has widened considerably. Nowadays investors are not only restricted to the financial papers when it comes to information about the stock market.

The internet has opened up a treasure trove of information sources and nowadays YouTube has become an excellent source. Hundreds of new channels have sprung up which are solely dedicated to the stock markets and in that niche, Rich Tv Live is currently one of the more popular channels. The channel publishes new videos almost every day on the latest happenings in the stock market and earlier on in the day, the Rich Tv analyst hosted a live stream in which he looked into LexaGena Holdings ( TSX-V:LXG) ; (OTCQB:LXXGF).

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The channel has become well known for providing excellent analyses of the latest breaking news stories and the one related to LexaGene is quite worthy of getting the coverage. The company is involved in the molecular diagnostics space and is now engaged in the development of completely automated rapid pathogen detection systems.

Earlier on this morning, LexaGene announced that it is currently in the process of taking steps so as to uplist its shares to the NASDAQ Capital Markets. The company is aiming to hand in its application for uplisting to the exchange towards the end of the year. This is a major development for the company and is likely to bring its stock into considerable focus among investors.

In this regard, it needs to be pointed out that currently the stock is listed on the OTC Markets and the TSX Venture Exchange. These are fairly small exchanges and do not see as much action as the biggest exchanges like NASDAQ. A listing on NASDAQ can open up a whole new world for LexaGene.

The exchange has a much bigger pool of participants and in addition to that, it attracts much bigger pools of capital as well. Hence, it can only come as a significant boost for the company if it is successful in getting listed on NASDAQ. However, investors need to note that the company will need to satisfy a range of conditions before it can hope to be listed on NASDAQ.

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