Friedman Industries, Incorporated Announces Transfer to Nasdaq

Core Viewpoint - Friedman Industries, Incorporated will transfer its common stock listing to the Nasdaq Global Select Market, effective April 8, 2025, under the symbol "FRD" [1][7] Group 1: Company Overview - Friedman Industries is a manufacturer and processor of steel products, headquartered in Longview, Texas, with operating plants in multiple states including Arkansas, Alabama, Indiana, Illinois, and Texas [3] - The company has two reportable segments: flat-roll products and tubular products, with various facilities dedicated to processing hot-rolled steel coils and manufacturing electric resistance welded pipe [3] Group 2: Strategic Intent - The transfer to Nasdaq aims to increase market visibility and attract more investor capital, enhancing trading liquidity and institutional ownership [2][7] - The listing on Nasdaq aligns with the company's goal of building long-term equity value [2]