VenHub Global (NASDAQ: VHUB), a company that raised growth capital under Reg CF, began trading on the Nasdaq today via a direct listing.
Shares initially rose in early trading, topping $40, but have since reversed, now trading at just over $7/share.
VenHub Global is a creator of robotic smart stores. The fully automated sales platform describes itself as the future of retail, operating 24/7, and offering a mobile app that enables purchase and pickup in minutes. The company reports over 1,000 preorders across 48 states. VenHub stores are already operating in several locations across California.
VenHub raised funds in a Regulation Crowdfunding (Reg CF) offering using Issuance last year, seeking up to $4.35 million. According to the offering page, VenHub raised $2.735 million from 2490 investors. Shares were priced at $9.94 each, with early investors benefiting from a significant discount in the share price.
Darren Marble, CEO and founder of Issuance, said they were thrilled to see retail investors able to trade shares on the Nasdaq.
“VenHub’s Regulation CF offering, conducted through our FINRA-regulated Funding Portal, Issuance Express, raised over $2.1 million—with totals across phases approaching $2.7 million—from more than 2,200 everyday American investors,” said Marble. “Many participated at effective entry prices as low as the blended average of $4.05, or in earlier phases around $2.83 to $4.49, made possible by VenHub’s thoughtful bonus share structure with time-based and amount-based incentives that increased accessibility for smaller investors.”
Marble said the funding round and Nasdaq listing demonstrated the potential of equity crowdfunding for ordinary Americans to invest in and benefit from forward-thinking firms.
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