SAN FRANCISCO, Nov. 02, 2021 (GLOBE NEWSWIRE) — RocketFuel Blockchain, Inc. (OTC: RKFL) (“RocketFuel” or the “Firm”), a worldwide supplier of one-click on-line cost options utilizing Bitcoin and different cryptocurrencies, in the present day introduced that it has entered right into a definitive settlement with sure institutional traders for the issuance and sale of an combination of 6,666,667 shares of its frequent inventory (or frequent inventory equivalents) and warrants to buy as much as an combination of 6,666,667 shares of frequent inventory, at a mixed buy value of $0.75 per share and accompanying warrant in a registered direct providing. The gross proceeds to the Firm from the providing, earlier than deducting placement agent charges and different providing bills, are anticipated to be roughly $5.0 million. The providing is predicted to shut on or about November 4, 2021, topic to the satisfaction of customary closing situations.
H.C. Wainwright & Co. is appearing because the unique placement agent for the providing.
The warrants can have an train value $0.75 per share and train interval commencing instantly upon issuance date and a time period of 5 and one-half years.
The Firm intends to make use of the web proceeds of the providing for normal company functions and to fund ongoing operations and enlargement of its enterprise.
The securities described above are being supplied by RocketFuel pursuant to a registration assertion on Kind S-1 (File No. 333-260420) beforehand filed with and declared efficient by the U.S. Securities and Alternate Fee (“SEC”) on October 28, 2021. The providing is being made solely by way of a prospectus forming a part of the efficient registration assertion. A preliminary prospectus referring to the providing has been filed with the SEC. When out there, digital copies of the ultimate prospectus referring to the providing could also be obtained without cost by visiting the SEC’s web site at www.sec.gov or by contacting H.C. Wainwright & Co., LLC, 430 Park Avenue, third Ground, New York, New York 10022, by e-mail at email@example.com or by phone at 646-975-6996.
This press launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase the securities, nor shall there be any sale of the securities in any state or jurisdiction during which such provide, solicitation or sale can be illegal previous to the registration or qualification beneath the securities legal guidelines of such state or jurisdiction.
About RocketFuel Blockchain, Inc.
RocketFuel Blockchain Inc. is a worldwide cost processing firm providing on-line retailers subsequent era blockchain funds options that embrace environment friendly and intuitive acceptance of 43 cryptocurrencies and direct financial institution transfers, a extremely safe and environment friendly buying cart expertise, and considerably decrease charges and related prices.
RocketFuel’s options concentrate on enhanced buyer privateness safety eliminating the danger of information breach whereas enhancing pace, safety and ease of use. RocketFuel customers are capable of take pleasure in seamless check-out and neglect the clunky cart paradigm of the previous. RocketFuel retailers are capable of implement new impulse shopping for schemes and generate new gross sales channels that had been unavailable in current day eCommerce options. Extra details about RocketFuel is obtainable at: www.RocketFuelBlockchain.com
The Firm believes that this press launch comprises forward-looking statements as that time period is outlined within the Non-public Securities Litigation Reform Act of 1995. Phrases similar to “could,” “may,” “would,” “ought to,” “may,” “challenge,” “estimate,” “pro-forma,” “predict,” “potential,” “technique,” “anticipate,” “try,” “develop,” “plan,” “assist,” “consider,” “proceed,” “intend,” “count on,” “future,” and phrases of comparable import (together with the adverse of any of those phrases) could determine forward-looking statements. Such forward-looking statements, together with, however not restricted to market and different situations, the completion of the providing, the satisfaction of customary closing situations associated to the providing, the meant use of internet proceeds from the providing, and statements relating to the plans and targets of administration for future operations, are primarily based on administration’s present expectations and are topic to dangers and uncertainties that would trigger outcomes to vary materially from the forward-looking statements. Precise outcomes and the timing of sure occasions and circumstances could differ materially from these described by the forward-looking statements on account of these dangers and uncertainties. Components which will affect or contribute to the accuracy of the forward-looking statements or trigger precise outcomes to vary materially from anticipated or desired outcomes could embrace, with out limitation, market acceptance of the corporate’s services; competitors from present merchandise or new merchandise which will emerge; the implementation of the Firm’s enterprise mannequin and strategic plans for its enterprise and its merchandise; estimates of the corporate’s future income, bills, capital necessities and wish for financing; present and future authorities laws; and developments referring to the corporate’s rivals. Readers are cautioned to not place undue reliance on forward-looking statements due to the dangers and uncertainties associated to them. For additional info on such dangers and uncertainties, you’re inspired to overview the Firm’s filings with the SEC, together with its Annual Report on Kind 10-Okay for the fiscal 12 months ended March 31, 2021. The Firm assumes no obligation to replace any forward-looking statements on account of new info or future occasions or developments, besides as required by regulation.
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SOURCE RocketFuel Blockchain