Upstream has announced another reporting company trading on the blockchain-enhanced marketplace following the news that ShiftPixy (NASDAQ: PIXY) added its shares to Upstream. Jupiter Wellness (NASDAQ:JUPW) a company that offers over-the-counter health treatments, will trade as a digital security. Jupiter is a micro-cap with a current valuation of around $17 million.
According to a statement distributed by Upstream, a trading platform powered by MERJ, Jupiter is aiming to boost its investor base by making its shares tradable via USDC as well as more traditional payment services like PayPal or credit cards. Approval to be listed on Upstream is subject to acceptance by MERJ but as the company is already traded on Nasdaq it should not be an issue.
Jupiter Wellness is a health and wellness firm with products that address a range of conditions, including hair loss, eczema, burns, and sexual wellness.
Brian John, CEO of Jupiter Wellness, said they are always looking for ways to provide greater liquidity and value to shareholders.
“We see a dual listing on Upstream as being an excellent way to reach a worldwide market of potential new investors who can learn about our company, our recently announced shift in focus, and all the exciting things we are working on.”
Based in Seychelles, MERJ Exchange Market is a regulated stock exchange for digital securities and NFTs that utilizes Horizon’s Ethereum-L2.
Upstream allows listed firms to leverage either SEC or OTCQX filings to fulfill reporting needs. The company has a US transfer agent, and Upstream states that user accounts are FDIC insured for up to $250,000.
Upstream notes that it is actively seeking other issuers, trading on Nasdaq, NYSE, or OTC, interested in a dual listing.