Verde Resources, Inc. has submitted an IPO application to the U.S. Securities and Exchange Commission (SEC), seeking to raise up to $6 million. The company specializes in developing carbon sequestration materials for road construction and currently trades over-the-counter under the ticker "VRDR." Pricing terms have not yet been disclosed.
Verde Resources is a road construction and building materials firm holding licensing rights for BioAsphalt and its patented cold-mix asphalt emulsifier, Verde V24. Its technology has been third-party validated by the National Center for Asphalt Technology (NCAT), enduring 50,000 single-axle load tests. As of September 30, 2025, the company had produced 80,000 liters of Verde V24.
Under a licensing agreement with Ergon covering the U.S., Canada, and Mexico, Verde Resources also operates a facility in Borneo capable of producing up to 6,000 tons of biochar annually. Headquartered in St. Louis, Missouri, the company was founded in 2010 and reported $10,000 in revenue for the 12 months ending September 30, 2025.
Verde Resources confidentially filed for listing on June 30, 2025, and plans to list on Nasdaq under the ticker "VRDR." Maxim Group LLC serves as the sole bookrunner for the offering.