Radiant Logistics announced that its shares have begun trading on the American Stock Exchange.
Shares began trading Jan. 11 under the symbol RLGT, with a price of about $2.50 per share and a share count of 34.6 million.
“We are honored to receive the approval for listing on the [American Stock Exchange] and believe that the transition provides Radiant Logistics with increased exposure to institutional investors and investment funds, as well as more transparency for the market,” CEO Bohn Crain said in a statement.
The company’s subsidiaries include Radiant Logistics Worldwide and Distribution by Air.
Radiant shares had been traded on an over-the-counter market.
The company, based in Bellevue, Wash., offers international and domestic freight forwarding as well as services such as order fulfillment and inventory management.
In its fiscal year ended June 30, Radiant posted revenue of $203.8 million and net income of $2.85 million.