Stewards to Begin Trading on Nasdaq Capital Market Under Symbol “SWRD”

Stewards plans to uplist to the Nasdaq Capital Market, aiming to expand investor visibility without issuing new shares.

Rhea-AI Summary

Stewards (SWRD) has received approval to uplist its common stock from the OTCID Market to the Nasdaq Capital Market, with trading expected to begin under the ticker “SWRD” at market open on Thursday, Sept. 10, 2026.

The uplisting does not include a concurrent public offering or issuance of new shares and remains subject to the effectiveness of the company’s Form 8-A and satisfaction of customary Nasdaq listing conditions. Stewards describes the move as a milestone in building its diversified financial platform across private credit, income-producing real assets and technology-enabled financial infrastructure. Since 2020, its private credit business has originated more than $153 million in cumulative direct and syndicated funding across more than 10,000 small and midsized businesses.

Positive

• Nasdaq Capital Market uplisting approved, with trading targeted for Sept. 10, 2026
• No new shares issued in uplisting, avoiding immediate shareholder dilution
• Private credit platform has originated over $153 million since 2020
• Funding provided to more than 10,000 small businesses since 2020

Negative

• Start of Nasdaq trading remains subject to Form 8-A effectiveness and listing conditions

Market Context

42.4% 24-hour gain followed Stewards’ July 21 shareholder update, which referenced its intended Nasd...

Analysis

42.4% 24-hour gain followed Stewards’ July 21 shareholder update, which referenced its intended Nasdaq listing; today’s approval advanced that same disclosed listing plan, subject to Form 8-A effectiveness and customary Nasdaq conditions.

Key Figures

Nasdaq trading start: Sept. 10, 2026

Nasdaq trading start

Sept. 10, 2026

Expected commencement of trading on the Nasdaq Capital Market

Historical Context

1 past event · Latest: Jul 21

1 event

1. Jul 21

   Nasdaq listing plan

   24h Move

   +42.4%

   Update referenced intended Nasdaq listing subject to meeting Nasdaq requirements

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

form 8-a, revenue-based financing, merchant cash advances

3 terms

form 8-a regulatory

"subject to the effectiveness of the Company’s Form 8-A"

A Form 8-A is a short registration document filed with the U.S. Securities and Exchange Commission to register a class of a company's securities for trading and to make the company subject to ongoing public reporting rules. Think of it as the paperwork that officially opens a company’s actions and financials to regular public scrutiny, which matters to investors because it creates predictable, official disclosure and enables broader trading in the security.

revenue-based financing financial

"provides short-duration revenue-based financing"

A financing arrangement where an investor or lender provides capital in exchange for a fixed percentage of a company’s future sales until an agreed total repayment is reached. Think of it like getting money now and paying it back as a slice of each paycheck rather than fixed monthly payments or giving away ownership. It matters to investors because returns depend directly on how quickly the company grows revenue and it affects cash flow and dilution risk differently than loans or equity.

merchant cash advances financial

"primarily through merchant cash advances"

A merchant cash advance is a short-term financing arrangement where a lender gives a business a lump sum in exchange for a share of the business’s future card sales or a fixed percentage of daily receipts until repaid. It works like selling a portion of future paychecks for immediate cash and usually carries higher costs and flexible repayment tied to sales volume. Investors track them because they create unique repayment timing, credit risk and return profiles for lenders and merchant balance sheets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Company’s common stock to begin trading on Nasdaq on Sept. 10, 2026

FORT LAUDERDALE, Fla., Sept. 09, 2026 (GLOBE NEWSWIRE) -- Stewards, Inc. (OTCID: SWRD) (“Stewards” or the “Company”), a diversified financial platform spanning private credit, real assets and technology-enabled financial infrastructure, today announced that it has received approval from the Listing Qualifications Department of The Nasdaq Stock Market LLC to list its common stock on the Nasdaq Capital Market.

The Company’s common stock will begin trading on the Nasdaq Capital Market under its existing ticker symbol, “SWRD,” at market open on Thursday, Sept. 10, 2026, through a direct uplisting from the OTCID Market. The uplisting does not involve a concurrent public offering or issuance of new shares by the Company. Commencement of trading remains subject to the effectiveness of the Company’s Form 8-A and satisfaction of customary Nasdaq listing conditions.

The Nasdaq uplisting marks an important milestone in Stewards’ evolution as the Company continues to build an integrated financial platform spanning private credit, real assets and technology.

“This is an important moment for Stewards and the result of a tremendous amount of work across our entire organization,” said Shaun Quin, Chief Executive Officer of Stewards, Inc. “Our move to Nasdaq represents much more than a change in where our shares trade. It reflects the progress we have made building the Company, strengthening our leadership and governance, and positioning Stewards for its next stage of growth.”

Stewards’ operating platform is anchored by its private credit business, which provides short-duration revenue-based financing, primarily through merchant cash advances, to small and midsized businesses. Since 2020, the platform has originated more than $153 million in cumulative direct and syndicated funding across more than 10,000 small businesses.

The Company has also expanded into income-producing real assets, adding diversification to its broader platform, while continuing to invest in technology and automation designed to improve origination, underwriting and operating efficiency. Stewards is also evaluating longer-term digital financial infrastructure opportunities as part of its broader technology strategy.

“We have always believed that great businesses are built by taking a long-term approach to capital, relationships and value creation,” said Glen Steward, Chairman of the Board of Stewards, Inc. “Nasdaq gives Stewards a larger platform from which to continue building. This milestone broadens our visibility in the U.S. capital markets and introduces Stewards to a much wider community of investors as we execute our long-term strategy.”

The Nasdaq listing is expected to broaden Stewards’ visibility among institutional and retail investors and represents another step in the Company’s continued development in the U.S. public markets.

The uplisting does not involve a concurrent public offering by the Company.

About Stewards, Inc.

Stewards, Inc. (Nasdaq: SWRD) is a diversified financial platform focused on private credit, real assets and technology-enabled financial infrastructure. Through Stewards Business Capital, the Company provides revenue-based financing to small and midsized businesses through an established origination, underwriting and servicing platform. Stewards’ Real Assets business expands the platform through income-producing real estate, while the Company continues to develop technology designed to improve operating efficiency and connectivity across its businesses.

For more information, visit Stewards.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable federal securities laws. Forward-looking statements include statements regarding the commencement and timing of trading on Nasdaq, the Company’s strategy, growth plans, market opportunities, access to capital, private credit and real asset businesses, technology initiatives and future development. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied.

Such risks and uncertainties include, among others, the possibility that commencement of trading on Nasdaq is delayed or does not occur on the expected timetable, the Company’s ability to satisfy remaining listing conditions and maintain compliance with Nasdaq’s continued listing requirements, general economic conditions, credit performance, access to capital, regulatory developments, execution risks, competition and the risk that an active and liquid trading market in the Company’s common stock may not develop or be sustained. Additional information regarding risks and uncertainties is contained in the Company’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update them except as required by law.

Investor Relations

Stewards, Inc.
IR@Stewards.com
Stewards.com

Media Contact

Scott McGowan
Chief Marketing Officer
Stewards, Inc.
IR@Stewards.com

FAQ

When is Stewards’ common stock expected to begin trading on the Nasdaq Capital Market?

Stewards’ common stock is expected to begin trading on the Nasdaq Capital Market under the ticker “SWRD” at market open on Thursday, Sept. 10, 2026, subject to the effectiveness of its Form 8-A and satisfaction of customary Nasdaq listing conditions.

Does the Nasdaq uplisting involve a new share issuance or public offering by Stewards?

The uplisting to the Nasdaq Capital Market does not involve a concurrent public offering or issuance of new shares by Stewards, and the company reiterates that the uplisting does not include a concurrent public offering.

What is the focus of Stewards’ operating platform?

Stewards’ operating platform is anchored by its private credit business, which provides short-duration revenue-based financing, primarily through merchant cash advances, to small and midsized businesses. The company has also expanded into income-producing real assets and continues to invest in technology and automation to improve origination, underwriting and operating efficiency, while evaluating longer-term digital financial infrastructure opportunities.

What activity has Stewards’ private credit platform generated since 2020?

Since 2020, Stewards’ platform has originated more than $153 million in cumulative direct and syndicated funding across more than 10,000 small businesses.