WTR Small-Cap Spotlight
WTR Small-Cap Spotlight is Water Tower Research's weekly podcast covering small-cap and micro-cap equities. Each episode features exclusive CEO interviews, analyst deep-dives, and actionable stock ideas across sectors including biotech, energy, technology, and industrials. Hosted by Tim Gerdeman, WTR Vice Chair & Co-Founder, the show gives investors direct access to the management teams and analysts behind under-the-radar opportunities. New episodes weekly on Apple Podcasts, Spotify, and all major platforms.
WTR Small-Cap Spotlight
Lucosky Brookman: The Old Playbook Is Dead — Inside the Microcap Listing Squeeze
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In this episode of the WTR Small Cap Spotlight Podcast, Joseph Lucosky, Managing Director of Lucosky Brookman LLP, joins host Tim Gerdeman to explain why the old microcap IPO playbook is dead, and what's replacing it. Joe walks through the wave of exchange rule changes since late 2024, the 86% collapse in Q1 2026 microcap IPO volume, NASDAQ's new 51013 discretionary review process, and the rise of alternative pathways, including uplists, cross-lists, direct listings, and reverse mergers. He also explains why getting a deal done in this environment requires an advocate, not a paper-pusher. That point is backed up by the firm's track record of completing two of the five microcap IPOs in Q1 2026, including the deal that ended a 78-day NASDAQ drought.