Roze AI, a South Korea-based AI disaster prevention and fire safety software, filed on Monday 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; Roze AI will not raise new capital in its listing. The company did not disclose the anticipated timing of its listing.
The Registered Stockholders plan to sell up to 19.2 million shares.
Roze AI raised $7 million in a pre-listing private placement by selling 875,000 Class C Preferred Shares at $8.00 per share. At that price, the company would imply a market cap of $933 million.
Roze AI is a South Korea-based disaster prevention technology company that develops an AI-powered fire detection and prevention platform called DAP (Disaster AI Platform). The platform combines wireless IoT sensing devices with AI data analysis and digital twin simulation to enable early detection, suppression, and alert transmission for fire incidents. DAP has been deployed at government facilities, military bases, and power plants in South Korea. The company is also developing a proprietary System on Chip (SoC) designed to process fire and disaster data in real time, which it intends to supply to broader disaster prevention solution markets.
The Seongnam-si, South Korea-based company was founded in 2015. It plans to list on the Nasdaq under the symbol ROZE. As a direct listing without a firm commitment offering, there are no underwriters on the deal; instead, RBW Capital Partners will serve as financial advisor.
