从美国OTC市场到纳斯达克：企业上市终极指南！

Core Insights - Increasing number of Asian companies are targeting the US capital markets, often starting with the OTC market before seeking to transition to NASDAQ [1] - The article outlines the main pathways for transitioning to NASDAQ, analyzes suitable listing methods for different types of companies, and discusses key preparations to enhance the success rate of this transition [1] Group 1: Main Pathways to NASDAQ - Two primary pathways for transitioning from OTC to NASDAQ are identified: the OTC cultivation pathway and the reverse merger pathway [2][5] - The OTC cultivation pathway is suitable for companies that have achieved stable profitability and wish to enhance their valuation before transitioning [2] - The reverse merger pathway allows companies to expedite their entry into the US capital market by acquiring a shell company listed on the OTC market [5] Group 2: OTC Cultivation Pathway - Key steps for the OTC cultivation pathway include ensuring financial reporting meets SEC standards, enhancing stock liquidity and market capitalization, meeting NASDAQ listing criteria, and submitting a NASDAQ listing application [2][6] - This pathway helps companies build market credibility and investor base gradually, aiming for a higher valuation upon transition [3] Group 3: Reverse Merger Pathway - Key steps for the reverse merger pathway involve selecting a "clean" shell company, completing equity swaps, enhancing stock trading activity, and formulating a clear transition plan to NASDAQ [6][8] - The main advantage of the reverse merger pathway is speed, with the process potentially completed in 3 to 6 months, and it is less complex than traditional IPOs [8] - This pathway is best suited for companies with clear post-listing development plans and time-sensitive objectives [8]