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Friday, Jun 24, 2022

Research Solutions Prepares to Up-List to Nasdaq

Research Solutions Inc., a company that provides academic articles to research organizations, has submitted a symbol reservation as a first step to list its shares on the Nasdaq, the company announced Monday. The Encino company plans to use its current ticker symbol of RSSS on the Nasdaq. The company’s shares currently trade over the counter. “We believe that up-listing to Nasdaq will provide a broader stockholder base, increased liquidity and improved stockholder value,” Chief Executive Peter Derycz said in a statement. The company noted that approval is based on a number of factors, and while the company “intends to satisfy all of the applicable listing criteria, no assurance can be given that its application will be approved.” Shares of Research Solutions closed Monday down 2 cents, or nearly 1 percent, to $2.28.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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