Verde Resources, which develops carbon-sequestering materials for road construction, filed on Tuesday with the SEC to raise up to $6 million in an initial public offering. The company is currently listed on the OTC under the symbol "VRDR."
Verde Resources is a road construction and building materials company that licenses BioAsphalt, and a proprietary cold mix asphalt emulsifying agent called Verde V24. Its technologies have been validated through third-party testing at NCAT with 50,000 single-axle loads, and as of September 30, 2025, 80,000 liters of Verde V24 have been produced. Under a license with Ergon covering the US, Canada, and Mexico, the company also maintains a facility in Borneo able to produce up to 6,000 tons of biochar annually.
The St. Louis, MO-based company was founded in 2010 and booked $10 thousand in revenue for the 12 months ended September 30, 2025. Verde Resources filed confidentially on June 30, 2025. It plans to list on the Nasdaq under the symbol VRDR. Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.
