Sustainable construction materials developer Verde Resources files for a $6 million Nasdaq uplisting
IPO Overview
Verde Resources, which develops carbon-sequestering materials for road construction, filed on Tuesday with the SEC to raise up to $6 million in an initial public offering. The company is currently listed on the OTC under the symbol “VRDR.”
Verde Resources is a road construction and building materials company that licenses BioAsphalt, and a proprietary cold mix asphalt emulsifying agent called Verde V24. Its technologies have been validated through third-party testing at NCAT with 50,000 single-axle loads, and as of September 30, 2025, 80,000 liters of Verde V24 have been produced. Under a license with Ergon covering the US, Canada, and Mexico, the company also maintains a facility in Borneo able to produce up to 6,000 tons of biochar annually.
The St. Louis, MO-based company was founded in 2010 and booked $10 thousand in revenue for the 12 months ended September 30, 2025. Verde Resources filed confidentially on June 30, 2025. It plans to list on the Nasdaq under the symbol VRDR. Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.
Company Overview
We are a road construction and building materials company offering proprietary, environmentally sustainable materials and seeking to redefine our industry with a clear mission: enabling the #TransitiontoZero?. Our proprietary product BioAsphalt? incorporates biochar, a powerful carbon sequestering material, into infrastructure with the goal of reducing emissions, improving performance, and lowering overall costs. We also offer a licensed proprietary cold mix biochar asphalt emulsifying agent, which we call “Verde V24”。 Further, we expect to generate revenues from the generation by our products, and our subsequent sale, of carbon removal credits. We believe our proprietary products, know-how and business plan place us at the forefront of sustainable innovation in the construction and building materials sector, an industry we believe is long overdue for transformation. Our strategic roadmap for achieving net-zero emissions—what we call the Verde Net Zero Blueprint—has achieved the following significant milestones: The issuance to our company in April 2025 of the world’s first carbon removal credit from asphalt production and application, certified by Puro.earth, the leading global registry for engineered carbon removal. Technological validation of our BioAsphalt? by NCAT, including receipt of preliminary performance results from NCAT in July 2025 that demonstrated consistent durability.