Community Bancorp (CMTV) filed an application to uplist its common shares from the OTCQX Market to the Nasdaq Capital Market on January 8, 2026. The move is intended to broaden the company’s investor base and increase liquidity for its stock, potentially enhancing visibility among institutional investors and improving trading volume once approval is obtained.
The company’s CEO, Christopher Caldwell, said the uplisting represents a significant milestone that underscores Community Bancorp’s commitment to growth and shareholder value. “Applying for a Nasdaq listing is a major step that signals our confidence in the company’s long‑term prospects and our dedication to delivering value to investors,” he said.
Community Bancorp’s financial performance in 2024 provides context for the uplisting. Revenue rose to $40.68 million, a 1.95% increase from the prior year, while earnings fell to $12.64 million, a 5.05% decline. In the fourth quarter, earnings reached $4.1 million ($0.73 per share), up 15.98% from Q4 2023, indicating a rebound in quarterly profitability despite a slight year‑over‑year earnings decline. The mixed results suggest the company is navigating a transition period while maintaining a solid revenue base.
The Nasdaq Capital Market requires companies to meet specific financial, governance, and disclosure standards. Community Bancorp is working to satisfy these criteria, including minimum net income, equity, and market‑cap thresholds, as well as board composition and audit committee requirements. While the company has not yet received approval, the application demonstrates its readiness to meet Nasdaq’s standards and its intent to position itself on a more prominent exchange.
The uplisting application reflects Community Bancorp’s long‑standing community focus—its parent company, Community National Bank, has served Vermont and New Hampshire since 1851—and its strategic goal of expanding access to capital markets. Approval would likely enhance the company’s ability to attract new investors and support future growth initiatives, though the outcome remains uncertain until Nasdaq completes its review.
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