Computer products maker Interlink Electronics Inc. has been approved to have its shares listed on the Nasdaq Capital Market, the company announced Thursday.
The Westlake Village manufacturer will begin trading on the Nasdaq April 25 under the symbol LINK. Interlink applied to the Securities and Exchange Commission in December to move its common stock from the over-the-counter market, where it’s currently trading, to the Nasdaq.
The Nasdaq Capital Market used to be called the Nasdaq SmallCap Market, one of three market tiers on the Nasdaq. The Nasdaq requires its trading companies to meet minimum thresholds for the number of publicly traded shares, total market value, stock price and the number of shareholders.
At the time of the filing, Chief Executive Steven Bronson said the company decided to change markets to provide investors more visibility into its operating and financial performance as a fully reporting public company while it continues to grow its business.
Interlink makes touchpads and computer mouse products for rugged environments, such as oil refineries, automobile assembly lines and machine shops. It also serves the medical device market.
Shares closed up 25 cents, or more than 3 percent, to $8.50 on the over-the-counter market.