DeepGreenX Group, which provides green logistics supply chain services and is developing an asset-to-digital currency platform, filed an amendment with the SEC on Friday ahead of its planned direct listing on the Nasdaq. In its latest filing, the company disclosed the number of registered shares, as well as an anticipated timing of listing of July, though an exact date was not given.
The Registered Stockholders plan to sell up to 872 million shares (7/15/25 update: 93.7 million shares).
The prospectus did not include an indicative price per share. The Nasdaq will set the opening trading price using its standard auction process for direct listings. On the first day of trading, Nasdaq will collect buy and sell orders from broker-dealers during the pre-opening period, in order to arrive at an indicative Current Reference Price.
DeepGreenX Group was founded in 2020 and booked $24 million in revenue for the 12 months ended December 31, 2024. It plans to list on the Nasdaq under the symbol DXG. As a direct listing without a firm commitment offering, there are no underwriters on the deal; instead, Kingswood will serve as financial advisor.
