Kraig Biocraft Laboratories (OTCQB: KBLB), a leading developer of spider silk-based fibers, on Tuesday announced that it has submitted its formal application to list the Company’s common stock on the Nasdaq Capital Market. “After significantly strengthening our technology, business model, and corporate governance, to position Kraig Labs for future growth, an uplisting to the Nasdaq Capital Market is the natural evolution for the Company and our shareholders. We are pleased to be working on the process with the Maxim Group for this raise of up to $24 million,” Kim Thompson, Kraig Biocraft Laboratories’ CEO and Chairman of the Board, said in the news release. “Kraig Labs has been blessed with loyal shareholders, and we expect that moving to Nasdaq will raise the Company’s visibility and expand our shareholder family.”
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About Kraig Biocraft Laboratories, Inc.
Kraig Biocraft Laboratories, Inc., a reporting biotechnology company, is the leading developer of genetically engineered spider silk based fiber technologies. The Company has achieved a series of scientific breakthroughs in the area of spider silk technology with implications for the global textile industry. For more information, visit www.KraigLabs.com.
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