New York, NY (January 30, 2025) – Saul Ewing LLP successfully represented Cloudastructure, Inc., a cloud-based video surveillance platform with artificial intelligence and computer vision analytics, in its Direct Listing on the Nasdaq Capital Market (“Nasdaq”).
The common stock listed on Nasdaq and began trading on January 30, 2025 under the ticker symbol “CSAI”.
“We are pleased to announce that Cloudastructure’s common shares are now trading on the Nasdaq Capital Market,” said James McCormick, Chief Executive Officer of Cloudastructure. “This milestone represents a transformative moment for our Company, providing an opportunity to showcase our innovative, AI-driven, cloud-based security solutions to a wider audience of investors. Listing on Nasdaq elevates our visibility and reinforces our commitment to revolutionizing intelligent security with scalable, cost-effective technology as we strive to set the global standard in AI-powered surveillance. This achievement is a testament to the dedication and hard work of the entire Cloudastructure team. Today marks the beginning of an exciting new chapter, and we look forward to the opportunities that lie ahead.”
Saul Ewing's team was led by Partner Vanessa J. Schoenthaler, with support from Mo Tashakor, Carmen Otey, and Amy L. Payne.
Read Cloudastructure’s press release for more information.
About Saul Ewing’s Securities, Regulatory & Transactional Practice
Saul Ewing LLP is especially well-positioned to guide issuers and their boards of directors in all aspects of securities regulatory compliance with respect to U.S. Securities and Exchange Commission rules and regulations, and stock exchange requirements. The Direct Listing process requires a significant amount of planning and preparation. Our attorneys work hand-in-hand with clients, their auditors and investment banks, guiding them through an assessment of the benefits and costs involved in pursuing a Direct Listing. Our goal is to help clients understand the process of going to market and what it means to be a public company, so that they are prepared to face the challenges associated with transitioning from private to public status We couple our securities regulatory advice with deep industry-specific knowledge to provide unparalleled insight, economically-focused counsel, and real world solutions to complex marketplace problems.
