On December 14, 2020 GT Biopharma, Inc. (OTCQB: GTBP) (GTBP.PA) an immuno-oncology company focused on innovative therapies based on the Company’s proprietary NK cell engager (TriKE) technology platform reported that it has submitted an application to uplist its common stock to the NASDAQ Capital Market (Press release, GT Biopharma, DEC 14, 2020, View Source [SID1234572804]).

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Anthony Cataldo, CEO and Chairman of GT Biopharma commented, "It is our belief that uplisting to a major exchange will allow a broader base of worldwide institutions, funds and retail investors to participate in our future success. Moreover, with the success of the data most recently presented at the ASH (Free ASH Whitepaper) conference we have received tremendous institutional interest and believe that this transition will increase corporate visibility, improve our stock’s trading liquidity, and broaden awareness of GT Biopharma in the investment community."

Acceptance for listing the Company’s shares is subject to approval and satisfaction of several factors, including minimum listing requirements for the Nasdaq Capital Market. The Company is optimistic that it can satisfy all of the applicable listing requirements, however, there is no assurance that its application will be approved.