GBank Financial Holdings in Las Vegas plans to apply for a Nasdaq listing.
The $1.1 billion-asset company said in a regulatory filing that it plans to list shares under the symbol GBFH.
The filing involves the roughly 1.1 million shares GBank Financial sold in an October 2024 private placement. Many of those shareholders are individual investors or related trusts.
Down Range Capital Opportunity Fund plans to sell all of its 100,00 shares, while Ledyard Capital Management plans to cash out of its 27,000 shares, the filing said. Blue Lion Opportunity Master Fund is selling about a fifth of its holdings, though it will still hold a roughly 2.9% stake.