South Korean AI Disaster Prevention Firm Roze AI Files for Direct Listing on Nasdaq

Stock News05-12

South Korean artificial intelligence disaster prevention and fire safety software company Roze AI (ROZE.US) submitted a stock registration application to the U.S. Securities and Exchange Commission (SEC) on Monday, planning a direct listing on the Nasdaq. The ordinary shares to be listed will be sold by existing shareholders; Roze AI will not raise new capital through the listing. The company did not disclose an expected listing timeline. Registered shareholders plan to sell up to 19.2 million shares. Roze AI previously raised $7 million through a pre-IPO private placement, selling 875,000 Class C preferred shares at $8 per share. At this price, the company's market valuation would reach $933 million. Roze AI is a South Korea-based disaster prevention technology company that has developed an AI fire detection and prevention platform called DAP (Disaster AI Platform). The platform integrates wireless IoT sensing devices, AI data analytics, and digital twin simulation technology, enabling early detection, extinguishing, and alert transmission for fire incidents. DAP has been deployed at government agencies, military bases, and power plants in South Korea. The company is also developing a proprietary system-on-chip (SoC) designed to process fire and disaster data in real-time and plans to supply it to the broader disaster prevention solutions market. Founded in 2015 and headquartered in Seongnam, South Korea, the company intends to list on Nasdaq under the ticker symbol ROZE. As this is a direct listing, there are no underwriters; RBW Capital Partners will serve as the financial advisor.

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