Interlink Electronics Inc. announced Monday that it has filed paperwork with the Securities and Exchange Commission to move its common stock from the over-the-counter market to a national exchange.
The Westlake Village sensor maker filed a Form 10 Registration Statement. Under the Securities Exchange Act of 1934, companies are required to register common stock prior to trading on the New York Stock Exchange or Nasdaq.
Next, Interlink plans on filing an application to list its shares on the Nasdaq Capital Market, a process which could take several months before approval, Chief Executive Steven N. Bronson said in a statement.
According to Interlink’s filing, Bronson owned about 71 percent of the company’s outstanding shares as of Oct. 30.
“We are committed to being a leader in delivering force-sensing, scalable technology platforms and human machine interface solutions,” Bronson said in a statement. “The Form 10 filing is a strategic milestone in our evolution and demonstrates Interlink’s commitment to providing investors with increased visibility into the company’s operating and financial performance as a fully reporting public company while we continue to aggressively grow our business.”
Interlink shares closed unchanged at $8.50 on the over-the-counter market.