$SWRD News: Secures $79M refinancing on 1818 Park as moving to uplist to NQ
Following up from my previous post on this 450k microfloat working on uplisting otc: Stewards ($SWRD) secures $79M refinancing on 1818 Park as execution continues Stewards ($SWRD) continues to put out fundamental news while many people are focused solely on the potential Nasdaq uplisting.
Today’s announcement:
● Completed a $79M refinancing of its 1818 Park luxury multifamily property in downtown Hollywood, FL.
● Property is reported to be \~94% occupied.
● Financing included institutional lenders Värde Partners and CCL Capital, with BayBridge arranging the transaction.
To me, this matters because it shows the company is continuing to execute operationally rather than simply talking about an uplisting. Institutional financing on a nearly fully occupied property isn’t the kind of news I’d expect if the underlying asset were struggling.
The other thing I’m watching is the Nasdaq price requirement. As of today, the stock has now put together three consecutive trading-day closes above $4. If management is pursuing a Nasdaq uplisting under the commonly discussed initial listing standard, maintaining that streak would be an important milestone, although it’s only one of several listing requirements. The company would still need to satisfy Nasdaq’s other quantitative and governance standards.
I’m not telling anyone to buy. Do your own due diligence. Just sharing news as it comes out because I think this is one of the more interesting low-float OTC stories I’m following right now.