Last week, Longfin Corp. (Nasdaq: LFIN) announced that it intends to voluntarily delist its Class A Common Stock from NASDAQ. Longfin used Regulation A+ to raise capital and list on the Nasdaq in December 2017. LFIN was the only Reg A+ IPO from 2017 to end the year above it’s IPO price. The company’s stock price has been on extremely volatile
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On Tuesday, Long Blockchain Corp. (NasdaqCM: LBCC) announced that the Company received a delisting determination letter from the Hearings Panel of The Nasdaq Stock Market relating to the Company’s common stock. In December, Long Island Iced Tea Corp. rebranded as “Long Blockchain Corp.” and saw its stock price rise to highs of about $10. LBCC currently sits at around $1 with
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At the end of 2017, Long Island Iced Tea changed its name to Long Blockchain (NASDAQ: LBCC). Long Blockchain, whose business had primarily been selling soft drinks, said it would seek to partner with or invest in companies that develop the decentralized ledgers known as blockchain, the technology that underpins bitcoin. Upon announcing its move into blockchain, LBCC spiked from
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