March saw 52 micro-cap acquisition announcements made by OTC QX, QB, and PINK issuers.
Disclosed deal value for the month reached over $475 million. The majority of consideration for March acquisitions was stock (approx. $400 million).
Highlights include; Adaptive Medias, Inc. (OTCQB: ADTM) executing an LOI to acquire a "digital advertising technology company" with $30 million in annual revenues for a combination of cash and stock and School Specialty, Inc. (OTCQB: SCOO
8 issuers uplisted from the OTC Markets to a senior exchange in the first quarter of 2016. 7 companies jumped from the OTC to the NASDAQ while 1 left the OTC to join the NYSE Mkt. The majority of graduates left the PINK tier of the OTC for a senior exchange. Highlights include; SPI Energy Co Ltd completing a series of acquisitions prior to uplisting and IZEA, Inc. completing two acquisitions prior to joining the NASDAQ.
Congratulations to all of the Q1 2016 OTC graduates