By Tredu.com • 2025-04-30 00:10:20
Tredu
GBank Financial Holdings Inc., the parent company of GBank, is set to make its debut on the NASDAQ under the ticker symbol "GBFH". The company, which has been trading on the OTCQX, will transition to the Nasdaq Capital Market on April 30, 2025. This move is expected to enhance the liquidity and value of its shares, as highlighted by Edward M. Nigro, Executive Chairman.
The uplisting to NASDAQ is a significant milestone for GBank Financial Holdings, as noted by T. Ryan Sullivan, President and CEO. The company's shares have been approved for listing, and shareholders are not required to take any action. The ticker symbol "GBFH" will remain unchanged, ensuring a seamless transition for current investors.
GBank Financial Holdings has also announced that the U.S. Securities and Exchange Commission has declared effective its Registration Statement on Form S-1. This pertains to the registration and resale of over one million shares of common stock, which were issued during a private placement transaction. Importantly, the company is not offering new shares, maintaining the current number of outstanding shares.
Currently, GBFH's stock is priced at $41.50, reflecting a 5.06% increase with a $2 change. The stock has fluctuated between $40 and $43 today, with a 52-week high of $46 and a low of $16.44. The market capitalization stands at approximately $592.35 million, with a trading volume of 30,439 shares on the PNK exchange.