Spokane, Wash., July 14, 2022 /PRNewswire/ — Caspian Holdings Inc. (or “company”) (NASDAQ: KSPN), a leading e-commerce marketplace growth platform, today announced the closure of its previously announced registered direct offering and concurrent private placement with a market-priced single institutional investor under Nasdaq regulations. The Company issued 638,978 shares of its common stock in a Registered Direct Offering at a purchase price of $3.13 per share (or pre-funded warrants in lieu thereof). In a concurrent private placement, Caspian Holdings Inc. also issued and sold 1,818,182 shares of common stock at a purchase price of $3.30 per share (or pre-funded warrants instead) and warrants to buy 2,457,160 shares of common stock for $3.13. at exercise price. The warrant will be for a period of 5 years from the date of issue. The total gross income of the company from both offerings was approximately $8 million.
Aegis Capital Corp. acted as the exclusive placement agent for the offerings.
Additional details regarding the Offering will be available in Form 8-K to be filed by the Company with the US Securities and Exchange Commission (“SEC”).
A Shelf Registration Statement on Form S-3 (File No. 333-252911) relating to the Registered Direct Offering of Securities described above was filed with the Securities and Exchange Commission (“SEC”) on February 9, 2021 and declared effective went. On March 11, 2021. In a registered direct offering, the common stock is being offered only through a prospectus supplement and an accompanying prospectus that forms part of the effective registration statement. The final prospectus supplement and electronic copies of the accompanying prospectus will be filed with the SEC and may be obtained when available from Aegis Capital Corp., Note: Syndicate Department, 1345 6th Ave., 27th Floor, New York, NY 10019, Email by [email protected]or by telephone at (212) 813-1010 or the SEC’s website at http://www.sec.gov.
The offer and sale of securities in a private placement is being conducted in a transaction that does not involve a public offering and is not registered under the Securities Act of 1933, amended (“Securities Act”), or applicable state securities laws. Accordingly, securities may not be re-offered or resold in the United States except in accordance with an effective registration statement or applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. The securities were offered to accredited investors only. Pursuant to the registration rights agreement with the investor, the company has agreed to file one or more registration statements with the SEC, including shares of common stock and pre-funded warrants and warrants to be issued on the exercise of warrants for resale. has been included.
This press release will not solicit an offer to sell or purchase any of the securities described herein, nor will the sale of these securities be held in any state or jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of any such state or jurisdiction. Before registration or qualification under.
Caspian Holdings Inc. (f/k/a Trans World Entertainment Corporation) (NASDAQ:KSPN) is a leading, global e-commerce accelerator that deploys AI-powered software and end-to-end services to customize and grow brands on Amazon. Walmart, Target, eBay and other online marketplaces. Rebranded as Caspian in 2020, the company has spent more than a decade developing a market development platform of proprietary technologies that maximizes supply chain flexibility, optimizes marketing, strengthens brand control, and provides predictive analysis. Serving a wide variety of brands, distributors, agencies and FBA aggregators, Caspian accelerates growth by tailoring a comprehensive suite of vendor services to the dynamic e-commerce needs of its partners. The company has a long track record of success, having served over 4,000 brands in 20 countries. Kaspian’s mastery in the e-commerce space and commitment to rapid innovation has earned the trust of many leading brands. For more information visit kaspien.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Certain statements in this communication are forward-looking statements. The statements made herein that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties.
We used “estimate”, “believe”, “could”, “estimate”, “expect”, “intend”, “might”, “plan”, “predict”, “project”, and similar words and phrases have used. , including references to assumptions in this document to identify forward-looking statements. These forward-looking statements are made on the basis of management’s expectations and beliefs regarding future events and are subject to uncertainties and factors that could cause actual results to differ materially from those expressed in the statements. The following factors could cause the Company’s forward-looking statements to differ materially from those expected: the risk of disruption of Caspian’s current plans and operations and potential difficulties with customer, supplier and employee retention; the result of any legal proceedings that may be established against the Company; the level of the Company’s debt and related restrictions and limits, unforeseen costs, fees, expenses, or liabilities; the company’s ability to operate as an ongoing-concern; deteriorating economic conditions and macroeconomic factors; Impact of the COVID-19 pandemic; and other risks described in the company’s filings with the SEC, such as its quarterly reports on Form 10-Q and annual reports on Form 10-K.
The reader should note that any forward-looking statements we make in this document or elsewhere pertain only to the date on which we make it. From time to time new risks and uncertainties emerge and it is impossible for us to predict these events or how they may affect us. In light of these risks and uncertainties, you should note that nothing contained in this document or elsewhere may constitute forward-looking statements.
chief Financial Officer
Investor Relations Liaison
Gateway Investor Relations
Matt Glover and Tom Colton
Source Caspian Holdings Inc.