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Stock impact report

Tiny NJ Broker Behind 2,000% IPOs Set to Return After Hiatus [BNN Bloomberg (Canada)]

Network-1 Technologies, Inc. (NTIP) 
NASDAQ:AMEX Investor Relations: ir.network-1.com
Company Research Source: BNN Bloomberg
1 Financial Securities Inc. is preparing to guide a group of microcap companies to US exchanges. The Red Bank, New Jersey-based firm is listed as the underwriter for the parent of Macau-based alcoholic beverage wholesaler Epsium Enterprise Ltd. and Brazilian snack-producer BRB Foods Inc. in filings within the past month, setting up a return after leading just one deal last year, data compiled by Bloomberg show. That comes after the firm was listed on filings to help companies like Chinese supplement maker AiXin Life International up-list from trading on the pink sheets in the US, deals that have yet to materialize. Network 1 captured Wall Street's attention when tiny Chinese companies like garment maker Addentax Group Corp. became bigger than swaths of Corporate America before plunging in the following days. In 2022, the IPOs it worked on surged by an average of nearly 2,000% on their first day of trading, Bloomberg calculations show. Read more: Wall Street's Mysterious 2,200% I Show less Read more
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