New York—Sequential Brands Group, Inc., which is behind such brands as Revo, William Rast and Ellen Tracy, announced today that the company has been approved to be listed on NASDAQ.
“We are excited to up-list our common stock to the NASDAQ exchange,” said Yehuda Shmidman, chief executive. “We believe this is a milestone that will prove critical to Sequential’s success as a public company, as it is expected to generate additional liquidity for our equity and place us in a better position to raise new capital to execute our acquisition strategy. In taking this important step, we believe Sequential Brands Group is well positioned for the next phase of growth.”
Sequential’s common stock is expected to begin trading on the NASDAQ on Tuesday under its current trading symbol “SQBG”.
Sequential Brands Group, Inc. “owns, promotes, markets, and licenses” a portfolio of consumer brands that presently includes Revo, William Rast, People’s Liberation, DVS Action Sports, Heelys, Caribbean Joe and Ellen Tracy. Sequential has licensed and intends to license its brands in a variety of consumer categories to retailers, wholesalers and distributors in the United States and in certain international territories. www.sequentialbrandsgroup.com