[Ionic Digital to List on Nasdaq on July 28, Stock Ticker: IOND] BlockBeats News, July 21: Ionic Digital is expected to begin trading its stock on the Nasdaq Global Select Market on July 28, following the announcement by the U.S. Securities and Exchange Commission (SEC) that its registration statement has officially become effective, clearing the final major regulatory hurdle for the company’s long-term listing plan. According to the company’s statement, Ionic’s stock ticker will be 'IOND.' Ionic has opted for a direct listing rather than a traditional initial public offering (IPO), meaning the company will not issue new shares or raise funds from this transaction. Instead, existing registered shareholders will be able to sell their shares on the public market. Ionic was initially established to take over Bitcoin mining assets from Celsius’s legacy operations. The company later began transitioning to position itself as a broader digital infrastructure company, providing services for artificial intelligence (AI) and high-performance computing (HPC) workloads. Earlier this month, Ionic submitted its Form S-1 registration statement for the first time. Prior to the listing, the company has already raised approximately $400 million in funding to support data center construction and drive its business transition from Bitcoin mining to the broader digital infrastructure sector. [Original Link]