PEABODY, Mass.--(BUSINESS WIRE)--Energi, a leading provider of risk management and insurance programs for the energy industry, today announced its membership in the NASDAQ Private Market, the new capital market for leading private companies. As an issuer member of NASDAQ Private Market, Energi gains access to the marketplace’s leading platform to facilitate liquidity programs for the company’s shareholders. In addition, Energi will take advantage of NASDAQ Private Market’s integrated stock plan administration and capitalization table management solutions.
“The NASDAQ Private Market offers a flexible, dynamic platform that enables us to best bring liquidity to our shareholders, unlock value and support our continued growth as a private company,” said Brian K. McCarthy, CEO of Energi. “This is a win-win solution that aligns perfectly with our longstanding commitment to bringing the most innovative solutions to our customer and broker network.”
“Meeting the qualification requirements for joining the market is a testament to Energi’s success,” said Greg Brogger, President of NASDAQ Private Market. “NASDAQ Private Market is proud to partner with Energi and we look forward to supporting the company by facilitating its equity management and liquidity needs.”
The market entrance was announced at Energi’s Risk Management and Insurance Summit in San Antonio, Texas. With a focus on “Pioneering the North American Energy Industry,” the 2014 conference brought together Energi’s shareholders, policyholders, broker network and strategic partners to discuss key issues within the energy and insurance industries.
Recently, Brian K. McCarthy was interviewed in the NASDAQ CEO Spotlight Series. He discussed Energi’s growth and business plan as well as the significance of the membership on the NASDAQ Private Market for Energi’s Shareholders.
Energi is a Peabody, Massachusetts-based industrial reinsurance company that provides specialized insurance and risk management products to targeted market segments of the North American energy industry. The core programs include fuel distribution, fuel transport, energy construction, agricultural cooperatives, renewable energy, energy efficiency, utilities and oil & gas exploration. Founded in 2005 by insurance professionals and energy industry leaders, Energi is licensed in all 50 states and Canada. For more information, visit www.energi.com.
About NASDAQ Private Market
The NASDAQ Private Market, LLC is the new capital market for leading private companies. Through its broker-dealer network and partners, NASDAQ Private Market connects companies with a global community of investors, and provides an integrated equity solution for managing everything from cap table management to stock plan administration. Whether a company seeks to optimize an eventual IPO or remain private permanently, NASDAQ Private Market provides complete capital market support to meet its needs. For certain eligible investors and shareholders, NASDAQ Private Market is a place to discover and engage with some of the most exciting private companies.
NASDAQ Private Market was formed in March of 2013 as a joint venture between The NASDAQ OMX Group, Inc. and SharesPost, Inc. Securities-related services are offered through NPM Securities, LLC, a registered broker-dealer and alternative trading system, which is a member FINRA/SIPC and a wholly-owned subsidiary of The NASDAQ Private Market, LLC. Securities offered through NPM Securities, LLC are not listed or traded on The NASDAQ Stock Market LLC, nor are the securities subject to the same listing or qualification standards applicable to securities listed or traded on The NASDAQ Stock Market, LLC. To learn more about NASDAQ Private Market, visit www.npm.com.