Since 2020, Edward Sylvan promised to get SEGI uplisted to OCTQB or NASDAQ.
However, SEGI was downgraded to PINK limited status in the OTC market as Edward Sylvan couldn’t deliver filings for Q2 2023 and Q3 2023 in the respective time frame.
Sycamore Entertainment Group does not fulfill the legal requirements for an uplist to OTCQB or Nasdaq.
Those requirements can be found here: https://www.legalandcompliance.com/otcqb-listing-requirements/
To be eligible to be quoted on the OTCQB, all companies will be required to:
- Meet a minimum closing bid price on OTC Markets of $.01 for each of the last 30 calendar days.
- Companies may not be subject to bankruptcy or reorganization proceedings the company’s application.
- Either be subject to the reporting requirements of the Securities Exchange Act of 1934 and be current in such reporting obligations or, if an international issuer, be eligible to rely on the registration exemption found in Exchange Act Rule 12g-2(b) and be current and compliant in such requirements or be a bank current in its reporting obligations to its bank regulator.
- Be duly organized, validly existing and in good standing under the laws of each jurisdiction in which it is organized and does business.
- Submit an application and pay an application and annual fee.
- Maintain a current and accurate company profile on the OTC Markets website.