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.