The Case of BitMine and the Path from OTC to Exchange Listing In June 2025, BitMine Immersion Technologies, Inc. (“BitMine”), which had previously traded on the OTCQX market, successfully uplisted to the NYSE American. BitMine, having commenced trading on the OTCQX Best Market on September 28, 2023, began trading on the NYSE American under the …

The Essence of Global Management and Consolidated Accounting Seen Through the Lens of NASDAQ Listing ~ IFRS 18 Compliance and the Cutting Edge of Cloud-Based Consolidated Accounting ~ We hope this message finds you well. We are pleased to announce that our CEO, Mr. Masato Minamitsuka, and Director, Mr. Satoru Wakaida, will be speaking at …

Problem Background and Overview From late 2024 to early 2025, cases were observed on the Nasdaq market where companies with the fundamental problem of being unable to raise sufficient capital were utilizing sales by existing shareholders (Resale Shares) to narrowly meet the MVUPHS requirement and achieve a listing. Typically, small and medium-sized ventures, often in …

Please note that the original article is in Japanese. The following is a summary of its content. Background: A Shift from Formal to Substantive Compliance In recent years, U.S. stock exchanges have seen an increase in companies with stock prices below $1.00. Many have used frequent reverse stock splits as a formal mechanism to regain …

(Image courtesy of the SBC website.) Introduction On September 17, 2024, SBC Medical Group Holdings (SBC), the operator of Shonan Beauty Clinic in Japan, was listed on Nasdaq through a merger with a Special Purpose Acquisition Company (SPAC), Pono Capital Two (Press Release). Initially, SBC’s valuation was set at $1.2 billion, but this was ultimately …

Today, we have the pleasure of speaking with Mr. Steven Shinmachi of Gateway Group about the means by which companies can raise capital to achieve growth. Gateway Group is an industry-leading financial communications and digital media advisory firm that provides support to companies at various stages of development, from private startups to companies listed on …

Introduction In the U.S. securities market, particularly among startup companies listing on Nasdaq, classified voting shares are widely adopted to allow founders to maintain control of the company. A well-known example is Alphabet Inc., the parent company of Google. Alphabet Inc. has issued the following three classes of stock: Class A Shares: Available to general …

Please note that the original article is in Japanese. The following is a summary of its content. Introduction: The Reality After the Bell This article (Part 2) picks up after the 2019 Nasdaq IPO of Kura Sushi USA (KSUSA), focusing on the real-world costs, human resource challenges, and investor relations (IR) strategies necessary for sustainable …

Please note that the original article is in Japanese. The following is a summary of its content. Introduction: A Dialogue on the Nasdaq Journey This article is Part 1 of an interview with Mr. Koji Shinohara, the former CFO of Kura Sushi USA, Inc. (KSUSA) who led its 2019 Nasdaq IPO and has now joined …