Staffing 360 Solutions Inc. (OTCBB: STAF) filed an application for uplisting its common stock on the Nasdaq Capital Market, the company announced today.

The listing is dependent on the company meeting all of the necessary listing requirements of Nasdaq, and the company said it has already achieved a majority of the listing requirements.

Staffing 360 believes it will qualify for alternate bid price criteria, which would allow it to uplist to the national exchange based on a $2.00 bid price.

"We are pleased to announce our initial application with Nasdaq as we take the necessary steps to increase our visibility in the capital markets," said Executive Chairman Brendan Floods. "The steps we are taking to list on a national exchange validates our unwavering commitment to creating a major global staffing company with strong corporate governance and full transparency as we drive toward our stated mission of reaching $300 million in revenue."

Staffing 360 Solutions launched in 2012 and is pursuing broad spectrum staffing companies in the IT, financial, accounting, healthcare and cybersecurity industries. The company reported revenue of $25.6 million in its fiscal fourth quarter ended May 31.