RE:RE:GreenPower Motor files for a $35 million Nasdaq uplisting The reason that market participants like the news re a Nasdaq listing is that such listing will presumably attract some investors who do not make share purchases either on the Venture exchange or on the unlisted o-t-c market in the U.S.
New investors would be reasonably expected to increase demand for the shares, and accordingly the share price should strengthen. Therefore, market participants aren't exhibiting much concern about the anticipated capital raise.