Germany's ENTRADE Energiesysteme AG was welcomed as a member company of the NASDAQ Private Market based in San Francisco after the contract was signed on 25 September 2015.
Through the NASDAQ Private Market platform, private companies can more effectively manage their equity ownership, current and prospective investor relationships, and secondary liquidity for their employees and shareholders. The NASDAQ Private Market’s electronic platform has been operating since March 2014 and enables private companies to allow approved parties to access company information and transact in their securities. Candidate companies must meet certain quantification and qualification standards for membership, and ENTRADE is proud to be the first German representative on the platform.
This is a giant step forward for our company”, comments Julien Uhlig, CEO of ENTRADE AG. “The NASDAQ Private Market can provide us with access to liquidity and capital to promote the growth of ENTRADE. Significantly, it will offer our shareholders the possibility of selling their holdings to institutional investors.”
The authorized capital of ENTRADE Energiesysteme AG consists of 6,325,000 shares, each with a one euro share of the company’s nominal capital.