GreenBox (OTCQB:GRBX), an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions, today announced that it has submitted its application to uplist the company’s common stock on the Nasdaq Capital Market (“Nasdaq”). If approved, the company would begin trading under the “GBOX” ticker it has reserved. “We are very pleased the recent round of financing has put us in a position to execute on our growth strategy and work towards a major milestone by submitting our application to uplist to Nasdaq. We believe being listed on a national exchange will increase corporate visibility, improve liquidity and broaden awareness of GreenBox in the financial markets,” said Fredi Nisan, chief executive officer of GreenBox. “We have made significant progress in strengthening our financial position and liquidity to meet Nasdaq’s requirements. The $3.85 million private placement announced recently allows us to pay off existing debt obligations, secure important partnerships, and release our 3rd generation technology, code name: Gen3. We believe a successful uplisting is an important next step in our evolution and increasing shareholder value.”
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About GreenBox POS
GreenBox is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The company’s applications enable an end-to-end suite of turnkey financial products, reducing fraud and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, please visit the company’s website at www.GreenBoxPOS.com.
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