FreeCast, a platform for video streaming services, filed plans today to register with the SEC and pursue a direct listing on the Nasdaq. The company had initally planned a traditional IPO.
Existing stockholders plan to sell shares. The deal calls for the sale of 9,082,927 shares with an eye to raising $23 million. FreeCast will not raise new capital in the listing.
A regulatory filing did not reveal a reference price or the timing of a listing.
Freecast said it has applied to list on the Nasdaq under the symbol CAST.
The company provides SmartGuide® digital interactive technology for consumers to organize online media similar to a traditional on-screen television, or TV guide. Read more.
