With its new $30 million funding from Intel, visor maker Vuzix is upgrading its stock. Previously available on the over-the-counter bulletin board system, the company says that starting Wednesday Jan 28, VUZI will be traded on the larger NASDAQ Capital Markets exchange.
A press release from the company says the infusion of Intel money allowed the company’s balance sheet to meet NASDAQ listing requirements.
It’s been a good year for Vuzix, both in product terms and financial terms. Here’s a stock chart for the last month; it ran from $3.10 on December 15 to more than $7 today.
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