NAME is coming soon to the NASDAQ.
Demand Media moved one step closer to spinning off its Rightside domain name business today with the filing of an amended registration statement.
The company plans to issue new shares for the spinoff that will trade on the NASDAQ under the ticker NAME.
The SEC filing does not say how many shares of Rightside will be issued for each share of Demand Media stock. Demand Media plans a reverse stock split before the spin off.
Rightside has apparently struck deals with Donuts to “buy” more of the TLDs it previously had shared rights to. The filing shows that Rightside is launching .rocks, .attorney, .degree, .haus, .lawyer, .mortgage, .software, .market, .vet, .dentist, .consulting, .reviews and .futbol, all of which were originally applied for by Donuts.
The company says it still has 61 active new TLD applications through its partnership with Donuts.
Rightside is betting on the success of new top level domain names, but it still has a sizable portfolio of “old” domain names. The filing states that Rightside has a portfolio of over 300,000 second level domain names.