RDE, Inc. to Begin Trading on Nasdaq Capital Market on Wednesday, August 7th
RDE, Inc. (Nasdaq: RSTN), owner of Restaurant.com and CardCash.com, has received approval to trade on the Nasdaq Capital Market starting August 7th, 2024. The company, which focuses on incentives and rewards in retail, dining, and entertainment, will maintain its ticker symbol 'RSTN'. This move from the OTC Markets' OTCQB level signifies RDE's financial progress over the past year, particularly since acquiring CardCash.
CEO Ketan Thakker expressed excitement about entering a new growth phase and improving the company's capital markets strategy. The Nasdaq listing is expected to position RDE among some of the world's most innovative companies, potentially enhancing its visibility and attracting new investors.
RDE, Inc. (Nasdaq: RSTN), proprietaria di Restaurant.com e CardCash.com, ha ricevuto l'approvazione per trattare sul Nasdaq Capital Market a partire dal 7 agosto 2024. L'azienda, che si concentra su incentivi e premi nella vendita al dettaglio, nella ristorazione e nell'intrattenimento, manterrà il suo simbolo di borsa 'RSTN'. Questo passaggio dal livello OTCQB degli OTC Markets segna il progresso finanziario di RDE nell'ultimo anno, in particolare dopo l'acquisizione di CardCash.
Il CEO Ketan Thakker ha espresso entusiasmo per l'ingresso in una nuova fase di crescita e per il miglioramento della strategia dei mercati dei capitali dell'azienda. La quotazione al Nasdaq dovrebbe posizionare RDE tra alcune delle aziende più innovative al mondo, potenzialmente aumentando la sua visibilità e attirando nuovi investitori.
RDE, Inc. (Nasdaq: RSTN), propietario de Restaurant.com y CardCash.com, ha recibido aprobación para negociar en el Nasdaq Capital Market a partir del 7 de agosto de 2024. La compañía, que se centra en incentivos y recompensas en el comercio minorista, la restauración y el entretenimiento, mantendrá su símbolo de cotización 'RSTN'. Este movimiento desde el nivel OTCQB de los Mercados OTC significa el progreso financiero de RDE en el último año, especialmente desde que adquirió CardCash.
El CEO Ketan Thakker expresó su entusiasmo por entrar en una nueva fase de crecimiento y mejorar la estrategia de mercados de capitales de la empresa. Se espera que la cotización en Nasdaq posicione a RDE entre algunas de las empresas más innovadoras del mundo, potencialmente aumentando su visibilidad y atraído nuevos inversores.
RDE, Inc. (Nasdaq: RSTN), Restaurant.com와 CardCash.com의 소유자는 Nasdaq Capital Market에서 2024년 8월 7일부터 거래할 수 있는 승인을 받았습니다. 소매, 외식, 오락 분야의 인센티브와 보상에 집중하는 이 기업은 'RSTN'이라는 종목 기호를 유지합니다. OTC 시장의 OTCQB 수준에서의 이러한 이동은 RDE의 재정적 발전을 나타내며, 특히 CardCash를 인수한 이후의 성과를 보여줍니다.
CEO Ketan Thakker는 회사의 자본 시장 전략을 개선하고 새로운 성장 단계에 진입하게 되어 흥분된 마음을 표현했습니다. Nasdaq 상장은 RDE가 세계에서 가장 혁신적인 기업 중 하나로 자리 잡을 것으로 기대되며, 이는 회사의 가시성을 높이고 새로운 투자자를 유치할 수 있는 기회를 제공할 것입니다.
RDE, Inc. (Nasdaq: RSTN), propriétaire de Restaurant.com et CardCash.com, a reçu l'approbation pour négocier sur le Nasdaq Capital Market à partir du 7 août 2024. L'entreprise, qui se concentre sur les incitations et les récompenses dans le commerce de détail, la restauration et le divertissement, conservera son symbole boursier 'RSTN'. Ce mouvement depuis le niveau OTCQB des marchés OTC marque le progrès financier de RDE au cours de l'année dernière, notamment depuis l'acquisition de CardCash.
Le PDG Ketan Thakker a exprimé son enthousiasme à l'idée d'entrer dans une nouvelle phase de croissance et d'améliorer la stratégie des marchés de capitaux de l'entreprise. La cotation au Nasdaq devrait positionner RDE parmi certaines des entreprises les plus innovantes au monde, ce qui pourrait accroître sa visibilité et attirer de nouveaux investisseurs.
RDE, Inc. (Nasdaq: RSTN), Eigentümer von Restaurant.com und CardCash.com, hat die Genehmigung erhalten, ab dem 7. August 2024 auf dem Nasdaq Capital Market zu handeln. Das Unternehmen, das sich auf Anreize und Belohnungen im Einzelhandel, im Gastgewerbe und in der Unterhaltungsbranche konzentriert, wird sein Börsensymbol 'RSTN' beibehalten. Dieser Schritt vom OTCQB-Level der OTC-Märkte bedeutet den finanziellen Fortschritt von RDE im vergangenen Jahr, insbesondere nach der Übernahme von CardCash.
CEO Ketan Thakker äußerte Begeisterung über den Eintritt in eine neue Wachstumsphase und die Verbesserung der Kapitalmarktstrategie des Unternehmens. Die Nasdaq-Notierung wird erwartet, RDE unter den innovativsten Unternehmen der Welt zu positionieren, was möglicherweise die Sichtbarkeit erhöht und neue Investoren anzieht.
- Uplisting from OTCQB to Nasdaq Capital Market, potentially increasing visibility and investor access
- Retention of ticker symbol 'RSTN', maintaining brand continuity
- Indication of financial progress and growth since CardCash acquisition
- None.
Insights
RDE's uplisting to Nasdaq Capital Market is a significant milestone for the company, potentially enhancing its visibility and liquidity. This move could attract a broader investor base and institutional interest, which may positively impact the stock's trading volume and price. However, it's important to note that uplisting alone doesn't guarantee improved financial performance.
The company's focus on digital platforms in the incentives and rewards space, particularly with Restaurant.com and CardCash.com, positions it in the growing digital commerce sector. The mention of "financial progress" following the CardCash acquisition suggests potential synergies, but investors should look for concrete financial metrics in upcoming reports to validate this claim.
While the uplisting is generally positive, investors should remain cautious and monitor RDE's ability to meet Nasdaq's continued listing requirements, including maintaining a minimum bid price and meeting financial and liquidity standards.
RDE's uplisting to Nasdaq comes at a time when the digital rewards and incentives market is experiencing significant growth. The company's platforms, Restaurant.com and CardCash.com, operate in the intersection of e-commerce, dining and gift card sectors, which have shown resilience and adaptation in the post-pandemic economy.
The move to Nasdaq could potentially increase RDE's competitive positioning against larger players in the space. It may enhance the company's ability to attract partnerships, execute strategic acquisitions, or raise capital on more favorable terms. However, it also exposes RDE to heightened scrutiny and comparison with more established peers.
Investors should watch for RDE's ability to leverage this uplisting for tangible business growth, including potential expansion of its merchant network, user base and technological capabilities to stay competitive in the rapidly evolving digital incentives landscape.
SCHAUMBURG, IL, Aug. 06, 2024 (GLOBE NEWSWIRE) -- RDE, Inc. (Nasdaq: RSTN) (the “Company”), the owner and operator of leading digital platforms, Restaurant.com and CardCash.com, with a focus on incentives and rewards in retail, dining and entertainment experiences, is pleased to announce it has received approval for its common shares to trade on the Nasdaq Capital Market effective at market open on August 7th, 2024.
RDE, Inc. shares previously traded on the OTC Markets’ OTCQB level. The Company’s ticker “RSTN” will remain unchanged.
Ketan Thakker, Chief Executive Officer of RDE, Inc., commented, “The transfer of our listing to the Nasdaq Capital Market reflects the financial progress RDE has made over the past year, since our acquisition of CardCash. Our team is excited as we enter this next phase of growth for our business and look to improve our capital markets strategy and positioning. We are thrilled to be listed on the Nasdaq Capital Market, which includes some of the world’s most innovative companies.”
About RDE, Inc.
RDE, Inc. (Restaurant, Dining and Entertainment) is a pioneer in the incentive and rewards industry with a focus on retail, dining & entertainment experiences. Its Restaurant.com is the nation’s largest restaurant-focused digital deals brand and CardCash.com is a leading secondary gift card exchange platform. Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deal options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our restaurant certificates and gift cards allow customers to save at thousands of restaurants across the country with just a few clicks. CardCash.com is renowned for its leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales.
For more information, visit: www.rdeholdings.com and https://www.restaurant.com and www.cardcash.com.
Forward-Looking Statements
Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although RDE, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, RDE, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.
Investors Contacts:
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