XO Communications Inc. on Wednesday announced plans to file an application to list its common shares on the NASDAQ National Market.
Shares of XO have been trading on the OTC Bulletin Board under the symbol XOCM since the company emerged from bankruptcy more than a year ago. XO must meet certain requirements in order to be listed on the NASDAQ.
Listing XO’s common stock on the NASDAQ will improve liquidity and help the Reston, Va., telecom provider expand through acquisitions using cash and stock, XO CEO Carl Grivner said in a statement.
Shares of XO were trading this afternoon at $6.98.
