Funding
Vertical Data Raises $4.24 Million at $3.00 a Share, With Insiders and B. Riley Buying
By News Desk ·
Key takeaways
- Vertical Data closed an approximately $4.24 million private placement at $3.00 per share, issuing 1,413,640 shares.
- CEO and other insiders bought a combined $1.0 million, about 24% of proceeds, and B. Riley Securities participated for $1.0 million.
- Vertical Data is pursuing an uplisting to a national exchange and must file a resale registration within 30 days.
Vertical Data closed an approximately $4.24 million private placement at $3.00 per share, issuing 1,413,640 shares, with B. Riley Securities among the participants. TradingView reported the closing on November 7, 2026.
Vertical Data's $4.24 Million Common Stock Sale
The CEO and other insiders bought a combined $1.0 million, approximately 24% of proceeds. B. Riley Securities participated for $1.0 million, according to FinanzNachrichten.de, which described the transaction as a private placement of common stock. The release cites no additional terms or implications for the placement agent's investment.
Vertical Data is pursuing an uplisting to a national exchange, a step subject to exchange standards, application and approval, with no assurance of completion. The company must file a resale registration within 30 days, which may affect when investors can resell the shares.
Vertical Data's Earlier Funding and Uplisting Steps
According to akta.pro company records, Vertical Data has two funding rounds on record and total funding of $6.5 million, with the last round dated August 12, 2026.
| Round | Date | Amount |
|---|---|---|
| Seed | August 2024 | $2.3 million |
| Post-IPO equity | August 2026 | $4.1 million |
Deals and Hires Before the Placement
Vertical Data closed a non-brokered private placement of 1,373,152 shares of common stock for approximately $4.12 million in gross proceeds in August 2026, with net proceeds intended for general corporate purposes and working capital, Stock Titan reported. The company appointed Chris Downs as interim Chief Financial Officer effective August 17, 2026, to lead finance and accounting during a planned uplisting from the OTCQB Venture Market to a national securities exchange, Stock Titan reported. In October 2026, Vertical Data announced a $192.1 million letter of intent with a global AI developer for a 128-server cluster in Western Europe, plus a Canadian deployment valued at $189 million, Investegate reported.
Resale Registration Due Within 30 Days
Vertical Data must file a resale registration within 30 days of the closing, according to the report.