Vertical Data says it is pursuing uplisting to national stock exchange
VDTA•Vertical Data closed a private placement of 1,413,640 common shares at $3 per share, raising approximately $4.24 million, and said it is pursuing an uplisting to a national stock exchange.
1. Private placement closed
Vertical Data closed an approximately $4.24 million private placement of 1,413,640 common shares at $3 per share. Chairman and CEO Deven Soni said the common-stock sale maintains simplicity and transparency in the company’s financing strategy.
2. Uplisting effort
The company said it is actively pursuing an uplisting to a national stock exchange to support growth and expansion. Insiders invested approximately $1 million, about 24% of proceeds, and placement agent B. Riley Securities invested another $1 million.
