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

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

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

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

2016 was a slow year for OTC graduations. With 35 uplists, 2016 saw the lowest number of OTC graduates in over 5 years.