TG-17, which provides personal security services via a tech-enabled platform, filed on Tuesday with the SEC to register its shares with the SEC and complete a direct listing on the Nasdaq. The shares of common stock listed will be sold by existing shareholders; TG-17 will not raise new capital in its listing. The company did not disclose a reference price or anticipated timing of its listing.
The Registered Stockholders plan to sell up to 8.3 million shares. This past August, TG-17 issued 0.7 million Series E shares through the conversion of an outstanding amount owed to a shareholder, implying a price per share of $10. If the company listed its shares at that price, it would command a fully diluted market value of $325 million.
TG-17, through its operating subsidiary Bond, provides cloud-based personal security services through its AI-driven platform and mobile app. The company currently offers 14 monitoring and emergency coordination services in 28 countries, serving corporate, government, and individual clients. Bond also offers security consulting, executive protection, and drone-based response services.
The New York, NY-based company was founded in 2017 and booked $10 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol OBAI. As a direct listing without a firm commitment offering, there are no underwriters on the deal; instead, Maxim Group will serve as a financial advisor.
