Although Berry Max claims that it will soon have a Nasdaq IPO, it is not listed anywhere on the recent Nasdaq filings or IPO lists.
Berry Max has recently rebranded, and it is now even claiming that the company is preparing to list on Nasdaq.
However, the current berry listings on Nasdaq are not connected to the platform in any way and Berry Max is also not listed under the recent filings.
A closer look at Berry Max’s Nasdaq listing claims
Berry.im, which has now been rebranded as Berry Max is an online crypto trading platform that has sounded alarm bells on the internet. This is after the platform went down unexpectedly, before reappearing under new branding.
Regardless of all that has happened in the last few weeks, Berry Max is now seemingly back and better than ever. It is even displaying the fact that it is “preparing for its Nasdaq IPO” proudly on the website’s banner.
When you dig deeper into these claims, however, it becomes very apparent that there is no validity to Berry Max’s insinuation that the company will soon go public.
This is because Berry Max has not been listed on Nasdaq as of yet, and it has also not been included in any of the IPO filings on Nasdaq’s calendar since the beginning of the year.
What about the Berry listings on Nasdaq?
If you simply start searching for Berry Max on the Nasdaq listings, you may come across a listing for Berry Global Group, Inc. (BERY) or a Berry Corporation (BRY). But neither of these listings are connected to Berry Max in any way.
Berry Global Group, Inc. is an international company that produces packaging and engineered products and Berry Corporation is a California-based energy company.
How long does the IPO listing process typically take?
Getting a company listed on Nasdaq is quite the process and these companies need to complete several assessments and meet certain criteria before they can be listed.
This process is also highly individual and can take anywhere between a month and a year to complete.
This creates an impossible situation for Berry Max users who have to decide whether to pay the reactivation fee.
The danger of paying the reactivation fee
The reactivation fee of $50, as stated on Berry Max’s most recent announcement, must be paid by all users before 20 May 2023 to retain their accounts on the platform.
The problem is that it will most likely take much longer than this for users to figure out if Berry max really did manage to file for a Nasdaq IPO.
This means that you either risk losing your accounts or your money if nothing comes from Berry Max’s claims.
