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News  ›  Benzinga

Verde Files Registration Statement for Underwritten Public Offering and Applies for Nasdaq Uplisting

Benzinga Logo Benzinga By Prnewswire
Verde Files Registration Statement for Underwritten Public Offering and Applies for Nasdaq Uplisting

Verde Resources Inc. (OTCQB:VRDR), a sustainable infrastructure company, filed an S-1 registration statement for an underwritten public offering targeting $5-8 million in gross proceeds. The company simultaneously applied for Nasdaq listing, contingent on closing the offering. Proceeds will fund scaling of BioAsphalt™ technology production, expanding licensing partnerships globally, and R&D for defense-related applications.

Insights
BACpE   neutral

Mentioned as having a speaker (Arshad Ghafur) at the forum, with no specific positive or negative context


VRDR   positive

Company is pursuing growth initiatives including a public offering, Nasdaq uplisting, scaling production with established partner Ergon, expanding global licensing partnerships, and advancing technology for defense applications. These are constructive developments indicating business expansion and market validation.