Verde Resources, a developer of carbon-sequestering road construction materials, filed with the SEC on Tuesday to raise up to $6 million in an initial public offering. Currently traded on the OTC under the symbol VRDR, the St. Louis-based company aims to uplist to the Nasdaq.

Founded in 2010, Verde specializes in BioAsphalt and Verde V24, a proprietary cold-mix asphalt emulsifying agent. These technologies have undergone rigorous third-party validation at NCAT, successfully enduring 50,000 single-axle loads. While the company reported modest revenue of $10,000 for the 12 months ending September 30, 2025, it maintains a significant operational footprint, including a biocharBiochar is a carbon-rich material created from biomass decomposition in low-oxygen conditions. It has important applications in environmental remediation, soil improvement, agriculture, carbon sequestration, energy storage, and sustainable materials, promoting efficiency and reducing waste in various contexts while addressing climate change challenges. More facility in Borneo and a North American licensing agreement with Ergon. Maxim Group LLC is serving as the sole bookrunner for the deal.