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 volatileRead more
Tag Archives: Longfin Corp.
On Friday, the SEC announced that it has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its CEO, and three other affiliated individuals. According to a complaint unsealed on Friday in federal court in Manhattan, shortly after Longfin began trading onRead more
The SEC is investigating trading activity in shares of LongFin Corp (Nasdaq: LFIN) according to a 10-K the company filed this week. LongFin’s stock had soared more than 1,000 percent in two days after the company announced in mid-December it was buying a microlending company using the same blockchain technology as bitcoin. The blockchain connection and related price spike madeRead more
Eight companies used Regulation A+ to IPO on senior US exchanges (Nasdaq & NYSE American) in 2017. Seven of those companies ended the year with a share price lower than their IPO price. The one Reg A+ IPO that closed the year above its IPO price was Longfin Corp. (NASDAQ: LFIN). Not only was LFIN the last Reg A+ IPO ofRead more