VenHub Global Inc., a provider of artificial intelligence (AI)-powered retail concepts, began trading Friday on the Nasdaq Global Market under the ticker symbol “VHUB.”
The Las Vegas-based company combines robotics, automation and a mobile-first technology. It operates five locations in California, including the Los Angeles Union Station, according to the company’s website.
In October, VenHub said it had filed a registration statement with the Securities and Exchange Commission (SEC) outlining its plan to go public via a direct listing.
“Consumers are increasingly demanding frictionless, 24/7 access to retail, while operators are facing higher costs and ongoing workforce challenges,” founder and CEO Shahan Ohanessian said.
Ohanessian said the company’s Nasdaq listing is more than a financial milestone.
“It is a statement of execution and readiness that will help unlock additional opportunities to further our growth as we bring VenHub's unique vision to the public markets,” he said.
VenHub said it is in the process of securing more than 20 patents across robotics, automation, smart infrastructure and store operations.
“Since we first began iterating in 2021 on what a revolutionary smart store solution for the retail industry has to include, we have achieved a steady stream of technology milestones,” said Ohanessian.
On Friday the company outlined several new features planned for future smart stores.
They include:
- Digital advertising panels to create additional media and revenue opportunities.
- Flexible packaging compatibility to expand SKU capacity and support more product categories.
- VenHub Go, a smaller-format smart store designed for dense urban locations, campuses and international markets.
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