STOCK TITAN

Inno Holdings Inc. - INHD STOCK NEWS

Welcome to our dedicated page for Inno Holdings news (Ticker: inhd), a resource for investors and traders seeking the latest updates and insights on Inno Holdings stock.

Inno Holdings Inc. (NASDAQ: INHD) is a visionary building technology company dedicated to revolutionizing the construction industry with its proprietary cold-formed steel-framing technology and innovative solutions. Founded with the mission to transform traditional building methods, Inno Holdings manufactures cold-formed steel members and prefabricated homes, providing a full range of services from raw material transformation to the final product.

Inno's finished products are versatile and find applications across a variety of building types including residential, commercial, industrial, and infrastructure projects. The company's cutting-edge products improve construction efficiency, reduce material waste, and have a lower environmental impact compared to conventional building materials.

One of the company's most notable innovations is the Mobile Factory. Launched in December 2023, this self-contained production facility can generate steel-framing members onsite, significantly enhancing productivity and reducing the carbon footprint of construction projects. The Mobile Factory can produce essential components such as wall panels, floor trusses, and roof trusses directly at the construction site, making it ideal for both urban areas and remote locations with limited infrastructure.

The Mobile Factory incorporates advanced Internet of Things (IoT) technology, allowing for remote control and management. The proprietary IoT system developed by Inno Holdings facilitates real-time data exchange and efficient operations, promising a production capacity of more than 1,000 linear feet per day.

Inno Holdings has also made significant strides in expanding its manufacturing capabilities. In March 2024, the company announced a major expansion of its manufacturing operations and automation infrastructure. This strategic move aims to meet the growing demand for light-gauge steel framing, off-site construction, and prefab home manufacturing, a market estimated to be worth $270 billion globally. The expansion includes a 3,500 square-foot addition to their facility and the integration of advanced robotic arms and other automation technologies, expected to reduce manual labor by 30%.

Known for its dedication to sustainability, Inno utilizes cold-formed steel, which results in significantly lower material waste—averaging only 2% compared to the 20% typical in wood-based projects. Every piece of steel scrap generated is 100% recyclable, underscoring the company's commitment to environmental stewardship.

Inno Holdings has also made headlines with its listing on the Nasdaq Capital Market in December 2023, which has enhanced its visibility and provided better access to capital markets. This milestone is a testament to the company's strategic vision and commitment to delivering value to its stakeholders.

For more information, visit the official website: www.innoholdings.com

Rhea-AI Summary

Inno Holdings announced a 1-for-10 reverse stock split of its common stock, effective after close of trading on October 9, 2024. The stock will trade on a split-adjusted basis under the ticker INHD from October 10, 2024. The reverse split aims to increase the per share price to meet Nasdaq's minimum $1.00 average closing price requirement.

Every ten shares of common stock will be combined into one share, with no changes to the total number of authorized shares, par value per share, or other classes of stock. Fractional shares will be rounded up to the nearest whole share. VStock Transfer, will manage the exchange process for shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.84%
Tags
-
Rhea-AI Summary
INNO Holdings (NASDAQ:INHD) announces a major expansion of its manufacturing operations and automation infrastructure to capture market opportunities in the global construction materials sector. The initiative aims to enhance production capacity and efficiency, aligning with the company's commitment to innovation and sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.06%
Tags
none
-
Rhea-AI Summary
RedChip Companies will air interviews with INNO Holdings, Inc. (NASDAQ:INHD) and ASP Isotopes, Inc. (NASDAQ:ASPI) on The RedChip Small Stocks Big Money® Show, a sponsored program on Bloomberg TV. INNO Holdings is transforming the construction industry with its innovative approach to sustainable, efficient, and cost-effective building methods, while ASP Isotopes successfully acquired two incomplete ASP plants in Pretoria, South Africa, and obtained the required licenses to complete construction of the plants and produce commercial product.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.22%
Tags
none
Rhea-AI Summary
Inno Holdings Inc. (INHD) successfully closed its initial public offering of 2,500,000 shares of common stock at $4.00 per share, resulting in total gross proceeds of $10,000,000. The company began trading on the Nasdaq Capital Market stock exchange under the ticker symbol 'INHD' on December 14, 2023. Proceeds from the Offering will be used to increase marketing capabilities, production capacity, expand research and development, evaluate strategic opportunities, and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.38%
Tags
-
Rhea-AI Summary
INNO Holdings Inc. (NASDAQ:INHD) has launched a revolutionary Mobile Factory, a self-contained production facility that can generate steel-framing members onsite, increasing productivity and reducing carbon footprint in the building sector. With a production capacity of over 1,000 linear feet per day, the Mobile Factory is a game-changer for remote locations and disaster-stricken areas, offering efficient operations and management through advanced IoT technology. The addressable market for innovative technology solutions in the construction industry in the US is estimated at $40 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Inno Holdings Inc. (Nasdaq:INHD) is an innovative construction technology company aiming to revolutionize sustainable building by replacing conventional wooden structures with cold-formed steel. Inno's approach focuses on environmental innovation, emphasizing the significant reduction in material waste and the 100% recyclability of steel scrap. With a strong commitment to sustainable construction, Inno aims to lead the industry in delivering environmentally friendly, durable, and cost-effective solutions, targeting the $40 billion US construction technology market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Inno Holdings Inc. (Nasdaq:INHD) commenced trading on the Nasdaq Capital Market, marking a new chapter in the company's journey. CEO Dekui (D.K) Liu emphasized the company's commitment to growth, innovation, and shareholder value. The listing on Nasdaq is expected to enhance visibility and provide better access to capital markets. The construction technology sector is experiencing strong growth, with an estimated addressable market of $40 billion in the US.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
INNO Holdings Inc. (NASDAQ:INHD) launches revolutionary Mobile Factory, a self-contained production facility that generates steel-framing members onsite, increasing productivity and reducing carbon footprint in the building sector. With a production capacity of over 1,000 linear feet per day, the Mobile Factory is a game-changer for remote locations and disaster-stricken areas, incorporating advanced IoT technology for efficient operations and management. The addressable market for innovative technology solutions in the construction industry in the US is estimated at $40 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the current stock price of Inno Holdings (inhd)?

The current stock price of Inno Holdings (inhd) is $5.48 as of November 6, 2024.

What is the market cap of Inno Holdings (inhd)?

The market cap of Inno Holdings (inhd) is approximately 10.2M.

What does Inno Holdings Inc. do?

Inno Holdings Inc. is a building technology company that manufactures cold-formed steel members and prefabricated homes, offering a full range of services from raw material transformation to the final product.

What is the Mobile Factory?

The Mobile Factory is a self-contained production facility launched by Inno Holdings that generates steel-framing members onsite, increasing productivity and reducing the carbon footprint of construction projects.

What are the benefits of using cold-formed steel in construction?

Cold-formed steel framing reduces material waste, is 100% recyclable, and offers significant environmental benefits over traditional building materials like wood.

What recent achievements has Inno Holdings made?

Inno Holdings recently expanded its manufacturing operations and enhanced its automation infrastructure. It also listed on the Nasdaq Capital Market, enhancing its visibility and access to capital.

How does the Mobile Factory incorporate IoT technology?

The Mobile Factory uses a proprietary IoT system for remote control and management, enabling real-time data exchange and efficient operations.

What is the production capacity of the Mobile Factory?

The Mobile Factory has a production capacity of more than 1,000 linear feet per day.

What types of buildings use Inno Holdings' products?

Inno Holdings' products are used in residential, commercial, industrial, and infrastructure projects.

When did Inno Holdings list on Nasdaq?

Inno Holdings commenced trading on the Nasdaq Capital Market in December 2023.

What is the market size for Inno Holdings' technology solutions?

The addressable market for innovative technology solutions in the construction industry in the US is estimated at $40 billion.

How does Inno Holdings contribute to sustainability?

Inno Holdings uses 100% recyclable cold-formed steel, significantly reducing material waste and supporting environmentally friendly construction practices.

Inno Holdings Inc.

Nasdaq:INHD

INHD Rankings

INHD Stock Data

10.17M
2.08M
81.01%
0.2%
1.68%
Steel
Steel Pipe & Tubes
Link
United States of America
BROOKSHIRE