Business Context and Reporting Period
Company: Community Bancorp (Parent of Community National Bank)
Filing Type: Form 8-K (Current Report)
Date of Report: January 8, 2026
Event: Announcement of an application to uplist common shares from the OTCQX Market to the Nasdaq Capital Market.
Key Financial Metrics
This filing does not contain specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses solely on the corporate action regarding the stock listing application.
Material Changes
Market Listing Status: The Company has applied to transition its trading venue from the OTCQX Market to the Nasdaq Capital Market. This represents a potential material change in the liquidity and visibility of the Company's securities, contingent upon approval.
Outlook, Risks, and Management Commentary
- Current Status: The Company is actively working to meet Nasdaq's financial, governance, and other listing requirements.
- Risks and Contingencies: Management explicitly states there is no assurance that the Company will meet the listing requirements or that the application will be approved.
- Outcome: If approved, trading will shift to the Nasdaq Capital Market. If not, trading will remain on the OTCQX Market.
Investor Verification Checklist
- Verify the specific Nasdaq listing requirements (financial and governance) that Community Bancorp must meet.
- Monitor for subsequent filings regarding the acceptance or rejection of the listing application.
- Review the press release filed as Exhibit 99.1 for any additional details on the timeline or specific criteria being addressed.
- Assess the potential impact of an OTCQX to Nasdaq transition on the stock's liquidity and valuation.