Business
Asset Entities Closes Initial Public Offering
NEW YORK and DALLAS, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Asset Entities Inc. (“Asset Entities” or the “Company”) (NASDAQ:ASST), a leading provider of digital
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[{"type":"text","content":"NEW YORK and DALLAS, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Asset Entities Inc. (“Asset Entities” or the “Company”) (NASDAQ:ASST), a leading provider of digital marketing and content delivery services for businesses, brands and celebrities across Discord and other social media platforms, and Designer Developer and Manager of Discord servers through its AE.360.DDM suite of services, has announced the completion of its initial public offering of 1,500,000 shares of Class B Common Stock at a public offering price of $5.00 per share. The gross proceeds to the Company from the offering were $7.5 million, before deducting underwriting discounts, commissions, and other offering expenses payable by Asset Entities and excluding any exercise of the overallotment. After deducting underwriting discounts and commissions and other offering expenses, the Company received net proceeds of approximately $6.6 million. The Company’s shares were listed for trading on the Nasdaq Capital Market on February 3, 2023, under the symbol, \"ASST\". Boustead Securities, LLC was the sole underwriter for the offering. The offering was made only by means of a prospectus and pursuant to a registration statement on Form S-1, as amended (File No. 333-267258), which was filed with the U.S. Securities and Exchange Commission (“SEC”) and subsequently declared effective by the SEC on February 2, 2023. Copies of the final prospectus are available on the SEC website at www.sec.gov, or may be obtained from Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA, by telephone at +1 (949) 502-4408 or emailing [email protected]. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Bevilacqua PLLC served as legal counsel for Asset Entities in connection with the stock offering. ArentFox Schiff LLP served as legal counsel for the underwriter. About Asset Entities Asset Entities Inc. is a technology company providing social media marketing, management and content delivery across Discord, TikTok, Instagram, Twitter, and YouTube and other ...