RDE, Inc. to Begin Trading on Nasdaq Capital Market on Wednesday, August 7th
Rhea-AI Summary
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.
Positive
- 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
Negative
- None.
News Market Reaction
On the day this news was published, RSTN declined 4.70%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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:
ClearThink
nyc@clearthink.capital
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