Sixteen issuers uplisted from the OTC Markets to a senior exchange in the fourth quarter of 2017. The majority of graduates were revenue generating companies listed on the OTCPINK. M&A played a critical role in 37% of this quarter's graduates' growth. Acquisitions were particularly impactful for RumbleON, Inc. (NASDAQ: RMBL) and Ameri Holdings, Inc. (NASDAQ: AMRH). See the full list of Q4 2017 OTC Graduates Below. Fourth Quarter 2017 OTC Graduate Report: October 2, 2017 -- FC

In the third quarter of 2017, 102 microcap issuers listed on the OTCQX, OTCQB, or OTCPINK announced M&A transactions. The combined disclosed transaction value of these 102 transactions was over $560 million. Average individual transaction value for the quarter was $14 million. In Q3, average disclosed purchase consideration consisted of 42% cash, 52% stock and 6% seller debt. Full list of last quarter's acquirers below. Q2 2017 - OTC MicroCap M&A: Nouveau Monde Graphite Inc

Fifteen issuers uplisted from the OTC Markets to a senior exchange in the third quarter of 2017. The majority of graduates were revenue generating companies listed on the OTCQB. M&A played a critical role in 47% of this quarter's graduates' growth. Acquisitions were particularly impactful for Aspen Group Inc. (NASDAQ: ASPU) and Eastside Distilling, Inc. (NASDAQ: ESDI). See the full list of Q3 2017 OTC Graduates Below. Third Quarter 2017 OTC Graduate Report: July 11, 2017 - Si

In the second quarter of 2017, 184 microcap issuers listed on the OTCQX, OTCQB, or OTCPINK announced M&A transactions. The combined disclosed transaction value of these 184 transactions was over $838 million. Average individual transaction value for the quarter was $15 million. In Q2, average disclosed purchase consideration consisted of 48% cash, 47% stock and 5% seller debt. Full list of last quarter's acquirers below. Q2 2017 - OTC MicroCap M&A: LICO ENERGY METALS INC.

Seventeen issuers uplisted from the OTC Markets to a senior exchange in the second quarter of 2017. The majority of graduates were revenue generating companies listed on the OTCQX. M&A played a critical role in 41% of this quarter's graduates' growth. Acquisitions were particularly impactful for Youngevity International, Inc. (NASDAQ: YGYI). Youngevity International, Inc. (NASDAQ: YGYI) completed over ten acquisitions since January 2015. YGYI common stock traded on the OTCQX

In the first quarter of 2017, 121 microcap issuers listed on the OTCQX, OTCQB, or OTCPINK announced M&A transactions. The combined disclosed transaction value of these 121 transactions was over $280 million. Average individual transaction value for the quarter was $6.5 million. In Q1, average disclosed purchase consideration consisted of 42% cash, 29% stock and 29% seller debt. Full list of last quarter's acquirers below. Q1 2017 - OTC MicroCap M&A: Invictus MD Strategies Co

Fifteen issuers uplisted from the OTC Markets to a senior exchange in the first quarter of 2017. The majority of graduates were revenue generating companies listed on the OTCQB. M&A played a critical role in over 50% of this quarter's graduates' growth. Acquisitions were particularly impactful for Meridian Waste Solutions, Inc. (NASDAQ: MRDN), New Age Beverages Corporation (NASDAQ: NBEV), and AUXILIO, Inc. (NYSE Mkt: AUXO). After completing its first 'platform' acquisition in

With 46 acquisition announcements made by OTC PINK, QB, and QX micro-cap issuers, November was a relatively active month for microcap M&A. Disclosed transaction value for the month exceeded $300 million. The majority of consideration for November acquisitions was cash (approx. $195 million). See the full list of November OTC micro-cap issuers working on acquisitions below. OTC MicroCap Acquisitions - November 2016 Commencement Bank (WA) (OTCQX: CBWA) Commencement

With 19 acquisition announcements made by OTC PINK, QB, and QX micro-cap issuers, October was a relatively slow month for microcap M&A. Disclosed transaction value for the month exceeded $145 million. The majority of consideration for September acquisitions was cash (approx. $130 million). See the full list of October OTC micro-cap issuers working on acquisitions below. OTC MicroCap Acquisitions - October 2016 Crownia Holdings Ltd (OTCQB: CWNHF) CROWNIA HOLDINGS S

With 26 acquisition announcements made by OTC PINK, QB, and QX micro-cap issuers, September was a relatively slow month for microcap M&A. Disclosed transaction value for the month exceeded $166 million. The majority of consideration for September acquisitions was stock (approx. $111 million). See the full list of September OTC micro-cap issuers working on acquisitions below. OTC MicroCap Acquisitions - September 2016 Brazil Resources Inc. (OTCQX: BRIZF) Brazil Res