RE:Anyone paying attention... On the Sedar website, Nextech has filed the “Short Form Prospectus” and the
“Underwriting or Agency agreement” on Feb 24th. ( you will have to scroll to the bottom of the webpage to locate them). If you do a search for “ Nasdaq” ( using Ctrl F ) on both these pdf docs, you will find “ Nasdaq Offering” mentioned a few times.
This confirms that the public offering is related to up-listing on Nasdaq – otherwise they would not have mentioned “Nasdaq Offering” on these legal docs.
Nextech still has not filed these docs on SEC via forms S1 or F1. My guess is that rather than up-list immediately, they want to wait for a date beneficial to company to up-list.
Nextech would have paid application fees to Nasdaq to process their application, and since there were no more clarifications from Nasdaq since end December, it likely means that the application was deemed complete and that they have finalized their evaluation of the application.
It would then be Nasdaq’s responsibility to inform the applicant that either they are approved, or not approved or what criteria they still need to meet before approval can be given. I believe Nasdaq has done this by now.
Nextech has applied to up-list on Nasdaq Capital Markets. As the below attached tweet suggests, you can actually phone their Head of Up-listing to ascertain if they have now met all the up-listing requirements:
https://mobile.twitter.com/Gr8fulDaytrader/status/1362106485677961216