RDE, Inc., a retail-catalog and mail-order house, has announced its application for its common stock to be listed on the Nasdaq Capital Market. This move, reported today, comes as the company seeks to enhance its visibility and accessibility in the financial markets.
The Norcross, Georgia-based company, operating under the name 07 Trade & Services, disclosed in an SEC filing that the listing is contingent upon meeting Nasdaq's requirement of having a majority of independent directors on its board. These directors would also serve on the newly established Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee, which are set to form upon Nasdaq's approval.
RDE's board includes Paul K. Danner, Kevin Harrington, and M. Scot Wingo, who will act as chairpersons for the Audit, Nominating and Corporate Governance, and Compensation Committees, respectively. Each has been identified as independent in the company's most recent Form 10-K filed on April 9, 2024.
The company, formerly known as uBid Holdings, Inc./New and Incumaker, Inc., has undergone name changes in the past, with the most recent occurring on June 14, 2019. RDE's efforts to transition to a Nasdaq listing signal its commitment to adhering to the corporate governance standards required by the exchange.
The current business address for RDE, Inc. is listed as 1100 Woodfield Road, Suite 510, Schaumburg, Illinois, with the principal executive offices located in the zip code 60173. The company's telephone number is (847) 506-9680.
RDE's common stock is presently traded over-the-counter on the OTCQB under the trading symbol RSTN. The company, which is categorized as an emerging growth company, has not indicated whether it has elected to use the extended transition period for complying with new or revised financial accounting standards.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.