The firm gained its publicly traded status as part of an acquisition by a publicly traded shell company called Great Spirits Inc. Hallmark will be the surviving company in the deal and plans are to change Great Spirits' name and apply for a new stock symbol that more closely reflects Hallmark's name and business.

In addition, Hallmark CEO Thomas Willis will take on the CEO role at the publicly traded company. Former Great Spirits CEO Brian Leftwich will remain with the company on its board of directors.

After the deal, Leftwich will own approximately 34% of the company and Hallmark shareholders will own approximately 68%.

Hallmark has 200 worksite employees and is a licensed PEO in 40 states.