Cloudastructure's shares will debut on the Nasdaq under "CSAI" starting January 30, 2025, enhancing investor access.
Quiver AI Summary
Cloudastructure, Inc., a cloud-based video surveillance provider utilizing artificial intelligence and computer vision, has announced the approval of its Class A common shares for listing on the Nasdaq Capital Market under the ticker symbol "CSAI," with trading expected to start on January 30, 2025. CEO James McCormick expressed pride in the direct listing, which will enhance the company's visibility in a dynamic market as it continues its growth trajectory and approaches key milestones. The listing represents a significant opportunity for Cloudastructure, which offers innovative security solutions that minimize total cost of ownership and maximize efficiency for enterprises. Additionally, the company plans to launch a new Investor Relations section on its website to keep shareholders informed.
Potential Positives
- Cloudastructure's common shares have been approved for listing on the Nasdaq Capital Market, signaling increased credibility and visibility in the financial market.
- The direct listing is expected to enhance exposure to a broader range of investors, positioning the company for potential growth.
- The launch of a new Investor Relations section on its website demonstrates Cloudastructure's commitment to transparency and communication with shareholders.
- The press release highlights the company's solid growth trajectory and upcoming milestones, indicating a positive outlook for future performance.
Potential Negatives
- Despite the positive news of the Nasdaq listing, the press release contains extensive forward-looking statements that carry inherent risks and uncertainties, which may undermine investor confidence if future outcomes do not align with expectations.
- The heavy reliance on forward-looking statements may lead to skepticism among potential investors, as they are cautioned against relying on these projections without guarantees of future performance.
- The mention of upcoming important milestones may imply that the company has not yet achieved significant accomplishments, which could raise concerns regarding its current stability and growth potential.
FAQ
What is the significance of Cloudastructure's listing on Nasdaq?
Cloudastructure's direct listing on Nasdaq marks a pivotal moment, enhancing investor exposure and supporting its growth trajectory in AI-powered security solutions.
When will Cloudastructure's common shares start trading on Nasdaq?
Cloudastructure's common shares are expected to commence trading on Nasdaq on or about January 30, 2025.
Who is Cloudastructure's financial advisor for the listing?
Maxim Group LLC acted as the exclusive financial advisor to Cloudastructure for its direct listing on Nasdaq.
What features does Cloudastructure offer in its security platform?
Cloudastructure provides cloud-based surveillance with AI-driven analytics, remote guarding solutions, and a cost-effective, contract-free pricing model.
Where can investors find information about Cloudastructure?
Investors can access information about Cloudastructure on its new Investor Relations section at https://investor.cloudastructure.com/.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
PALO ALTO, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) --
Cloudastructure, Inc. (“we,” “us,” “our,” “Cloudastructure” or the “Company”)
, a cloud-based video surveillance platform with artificial intelligence (“AI”) and computer vision analytics, today announced that its Class A common shares (the “common shares”) have been approved for listing on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “CSAI”. Cloudastructure common shares are expected to commence trading on Nasdaq on or about January 30, 2025.
“We are honored to have been approved for a direct listing of our shares on the Nasdaq Capital Market,” said James McCormick, Chief Executive Officer of Cloudastructure. “As a leader in intelligent security, Cloudastructure harnesses the power of AI-driven, cloud-based architecture to deliver adaptable, efficient, and cost-effective surveillance solutions across diverse industries. This direct listing offers us exposure to investors within the world’s most liquid and dynamic market. Importantly, it comes at a pivotal time for the Company as we are on a solid growth trajectory with a number of important upcoming milestones. Overall, the listing marks a new chapter for Cloudastructure, as we execute on our vision of becoming the definitive leader in AI-powered security solutions.”
Maxim Group LLC acted as the exclusive financial advisor to Cloudastructure in connection with the direct listing.
The Company also announced plans to launch a new Investor Relations section on its website
https://investor.cloudastructure.com/
. This dedicated section will serve as a central resource for shareholders, featuring information such as stock information, press releases, shareholder meetings, FAQs, and more.
ABOUT CLOUDASTRUCTURE
Headquartered in Palo Alto, California, Cloudastructure’s advanced award-winning security platform utilizes a scalable cloud-based architecture that features cloud video surveillance with proprietary, state-of-the-art AI/ML analytics, and a seamless remote guarding solution. The combination enables enterprise businesses to achieve proactive, end-to-end security, and pairs that platform with an attractive value proposition that eschews proprietary hardware and offers contract-free, month-to-month pricing and unlimited 24/7 support. With Cloudastructure, companies can achieve unparalleled situational awareness in real time and thereby stop crime as it is happening, while simultaneously achieving up to a 75% lower Total Cost of Ownership than other systems. For more information, visit
https://www.cloudastructure.com/
.
Forward-Looking Statements
Certain statements in this press release may be considered forward-looking, such as statements containing estimates, projections and other forward-looking information. Forward-looking statements are typically identified by words and phrases such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” or the negative of such words and other comparable terminology. However, the absence of these words does not mean that a statement is not forward-looking. Any forward-looking statements expressing an expectation or belief as to future events is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future events and involve risks, uncertainties and other factors beyond our control. Therefore, we caution you against relying on any of these forward-looking statements. Actual outcomes and results may differ materially from what is expressed in any forward-looking statement. Except as required by applicable law, including U.S. federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results or revised expectations.
Media Contact:
Kathleen Hannon
Sr. Communications Director
Cloudastructure, Inc.
Kathleen@cloudastructure.com.
(704) 574-3732
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
CSAI@crescendo-ir.com
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
