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Sourceless Inc. Signals Potential NASDAQ Listing in 2026

Sourceless Inc., a Delaware-based Web3 and artificial intelligence infrastructure company, said it is preparing for a potential listing on the NASDAQ Global Market by the end of August 2026, following a new internal valuation exceeding $13 billion. The company said the listing has not been finalized, and that its regulatory posture, compliance alignment and ongoing institutional reviews are the basis for its stated positioning ahead of a possible public market debut. The announcement concerns a prospective event rather than a completed one. Sourceless described the August 2026 date as an anticipated window, not a scheduled listing, and characterized the $13 billion figure as an internal valuation rather than a market-tested price. No underwriter, exchange approval or filing date was disclosed in the company’s statement. Listing window tied to NASDAQ compliance framework According to the company, the anticipated listing window aligns with NASDAQ’s updated market-value compliance framework. That framework now requires companies to maintain a minimum Market Value of Listed Securities, or MVLS, of $5 million for continued listing eligibility. Sourceless said the rule was approved by the U.S. Securities and Exchange Commission in July 2026 and is currently under a temporary stay. The company described the resulting environment as a stricter one for new issuers, with greater emphasis placed on stability and investor protection than in previous listing cycles. The MVLS threshold governs continued eligibility rather than initial admission, and it is one of several standards an issuer must satisfy on the Global Market tier. Sourceless said that despite the heightened requirements, its multibillion-dollar internal valuation places it well above the $5 million threshold, a gap the company said reinforces confidence in its readiness for that tier. The company did not state that any regulator, exchange or agency has reviewed, endorsed or approved its valuation, its listing plans or its compliance position. Institutional reviews referenced by Sourceless were described as ongoing. What the company does Sourceless Inc. operates a full Web3 ecosystem that integrates decentralized identity through STR.Domains, blockchain infrastructure, artificial intelligence engines and cross-chain financial modules, according to the company. Those components are described by Sourceless as a single ecosystem rather than a set of separate products. Decentralized identity systems such as STR.Domains are designed to give users and organizations addressable identifiers on distributed networks. Cross-chain financial modules, as the term is used in the company’s description, refer to components intended to operate across more than one blockchain network rather than a single chain. Sourceless did not disclose user numbers, revenue, transaction volumes or customer names in connection with the listing statement. The company said it is currently conducting a private SAFE round, offering early-stage equity exposure ahead of its anticipated public market debut. A SAFE, or simple agreement for future equity, is a private instrument. Sourceless did not disclose the size of the round, its participants or its closing date, and the statement does not constitute an offer or solicitation. Prospective investors should note that the listing described in the announcement has not been completed and may not occur. Context for the announcement For a company of the scale Sourceless describes, a NASDAQ Global Market listing would represent a shift from private financing, of the kind represented by its current SAFE round, to public disclosure obligations and continued listing standards. The compliance framework the company cited is directed at that second stage, requiring listed issuers to sustain a minimum market value over time rather than only at the point of admission. The temporary stay Sourceless referenced means the approved rule is not presently in force as described, a status the company acknowledged in its statement. Sourceless said the combination of a stricter issuer environment and its own valuation is what supports its stated readiness, and it framed a potential 2026 debut as one of the most significant technology listings of the year should it proceed....

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