NEW YORK, Sept. 25, 2020 (GLOBE NEWSWIRE) — Logiq, Inc. (formerly Weyland Tech) (OTCQX: WEYL) (OTCQX:LGIQ), a global provider of award-winning eCommerce solutions, has received notification from the Financial Industry Regulatory Authority (FINRA) that its new name, Logiq, Inc., would take effect on the over-the-counter market on September 25, 2020. At the open of trading today, on September 25, 2020, the company commenced trading of its common stock under the new name, Logiq, Inc., and its ticker symbol changed from “WEYL” to “LGIQ.”
“Our new name and ticker reflects our evolution from operating primarily as a mCommerce services company to becoming a leading innovator of data-driven consumer intelligence and marketing technology,” said Logiq CEO, Tom Furukawa. “We’ve now entered a new stage of accelerated growth and development.”
Over the last year, Logiq acquired a leading e-Commerce platform, formed major industrypartnerships and expanded its global presence. Its offerings now extend from
Corsair Gaming (CRSR) – Get Report had a rough debut in its debut as a publicly traded company.
Shares of the Fremont, California-based company, which had priced 14 million shares at $17, were down 8.5% to $15.67.
The company, which designs and sells PC- or console-based gaming and esports hardware for enthusiasts, said in an S-1 filing that as of June 30, it had shipped more than 190 million gaming and streaming products since 1998, with more than 85 million in the past five years.
Corsair said its net revenue “has grown significantly” since 2017.
For 2017, 2018, 2019 and for the six months ended June 30, 2019 and 2020, net revenue totaled $855.5 million, $937.6 million, $1,097.2 million, $486.2 million and $688.9 million, respectively.
Corsair is headed by co-founder, president and CEO Andrew Paul, who was previously president of the multichip division at Cypress Semiconductor.