Braiin, which is developing an AI platform and autonomous robotics for agriculture and other applications, filed on Monday to register its shares with the SEC and complete a direct listing on the Nasdaq. The shares of common stock will be sold by existing shareholders; Braiin 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 68.7 million shares. Prior to its 4:1 stock split, Braiin sold approximately 219 thousand shares in private placements at $40.68 per share. If the company listed its shares at price of $10.17, adjusted for the split, it would command a market value of $699 million.
Braiin Limited leverages AI/ML technologies across AgTech, PropTech, and Consumer Experience as a Service (CXaaS) with a primary focus on agriculture where its platform integrates autonomous aerial drones, IoT sensors, and machine-learning models to deliver real-time crop health, soil condition and weather-risk insights. Its consumer platform can support household energy usage, home warranty and protection add-ons, and SME product lines for landlord and commercial property services.
Braiin had previously agreed in 2023 to go public via SPAC merger with Northern Revival Acquisition (NRAC). The transaction never closed, and NRAC has since been delisted.
The Subaico, Australia-based company was founded in 2015 and booked $73 million in revenue (incl. acquisitions) for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol BRAI. Braiin filed confidentially on July 14, 2025. 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.
