Envela Announces Dual Listing on NYSE Texas

Rhea-AI Summary

Envela Corporation (ELA) has announced its dual listing on the newly launched NYSE Texas exchange, while maintaining its primary listing on the NYSE American under the same ticker symbol ELA. As a Founding Member of NYSE Texas, Envela is supporting the launch of this fully electronic equities exchange based in Dallas.

The company's CEO, John Loftus, emphasized Texas's resilient economy and entrepreneurial spirit as key factors in their decision. NYSE Group's Chief Development Officer, Chris Taylor, welcomed Envela's support for the new exchange, highlighting how NYSE Texas enables companies to leverage the state's pro-business environment.

IRVING, TX / ACCESS Newswire / May 15, 2025 / Envela Corporation today announced the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange based in Dallas. The Company will maintain its primary listing on the NYSE American and will trade under the same ticker symbol, ELA, on NYSE Texas.

"As a proud Texas-based company, we're excited to support the launch of NYSE Texas as a Founding Member and to be part of this bold step forward in market innovation," said John Loftus, CEO of Envela "Texas offers an outstanding environment for business-driven by a resilient economy and the entrepreneurial spirit that defines the Lone Star State. Envela has always thrived on adaptability, and this dual listing marks another strategic move as we embrace the future of U.S. capital markets."

"We are delighted to welcome Envela Corporation to NYSE Texas," said Chris Taylor, Chief Development Officer, NYSE Group. "NYSE Texas allows companies to capitalize on Texas's pro-business dynamics and we applaud Envela for supporting NYSE Texas and the State of Texas through this new listing."

About Envela®

Envela Corporation (NYSE American:ELA) is a leading provider of re-commerce services, driving innovation at the forefront of the circular economy. We Reuse, Recycle, and Reimagine to offer consumers alternatives, contribute to environmental sustainability, and maximize product value. As a sustainability-focused company, Envela extends product lifecycles to minimize resource consumption and carbon emissions. By focusing on our core strengths, we create exceptional value and strive to leave the world better than we found it-without attempting to be everything to everyone.

The company operates through two primary business segments: Consumer and Commercial. The Consumer segment includes retail stores and online platforms offering premium brands and luxury hard assets, while the Commercial segment delivers tailored re-commerce solutions to clients, including many Fortune 500 companies. To learn more about our innovative approach, visit Envela.com.

Cautionary Statement Regarding Forward-Looking Information

This press release contains statements that may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995's safe harbor provisions, including statements regarding future events and developments; potential expansions, purchases and acquisitions; potential future success of business lines and strategies; and management's expectations, beliefs, plans, estimates and projections relating to the future. Words such as "believes," "anticipates," "plans," "may," "intends," "will," "should," "expects" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management's then current views and assumptions and, as a result, are subject to certain risks and uncertainties, which could cause the Company's actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, risks described more fully in Item 1A in the Company's Annual Report on Form 10-K, which are expressly incorporated herein by reference, and other factors as may periodically be described in the Company's filings with the SEC. By making these statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release except as required by law.

Investor Relations Contact

ir@envelacorp.com
972-587-4030

SOURCE: Envela Corporation

View the original press release on ACCESS Newswire

FAQ

What is the significance of Envela's (ELA) dual listing on NYSE Texas?

Envela's dual listing on NYSE Texas represents support for the newly launched exchange as a Founding Member while maintaining its primary NYSE American listing, allowing the company to capitalize on Texas's pro-business environment.

Will Envela's stock symbol (ELA) change with the NYSE Texas dual listing?

No, Envela will continue trading under the same ticker symbol 'ELA' on both NYSE American and NYSE Texas.

What is NYSE Texas and where is it located?

NYSE Texas is a newly launched fully electronic equities exchange based in Dallas, designed to capitalize on Texas's business-friendly environment.

Who are the key executives involved in Envela's NYSE Texas listing?

John Loftus, CEO of Envela, led the company's dual listing initiative, while Chris Taylor, Chief Development Officer of NYSE Group, welcomed Envela to the exchange.