Business
Jerrick Media Holdings, Inc. Announces Additional Extension of its Tender Offer to Accommodate Further Interest
Jerrick Media Holdings, Inc. Announces Additional Extension of its Tender Offer to Accommodate Further Interest.
About this update from Creatd Inc.
[{"type":"text","content":"\n\n\n\nJerrick Media Holdings, Inc. Announces Additional Extension of its Tender Offer to Accommodate Further Interest\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nJerrick Media Holdings, Inc. Announces Additional Extension of its Tender Offer to Accommodate Further Interest\nPR Newswire\nNEW YORK, April 2, 2019\n\n\n\nNEW YORK, April 2, 2019 /PRNewswire/ -- Jerrick Media Holdings, Inc., (OTCQB: JMDA) (the \"Company\" or \"Jerrick\"), a technology company and the creator of Vocal, announced today that it has elected to further extend the expiration date for its offer to holders of certain of the Company's outstanding warrants (the \"Warrants\"), each with an exercise price of $0.20, to receive an aggregate of 61,832,962 shares of the Company's Common Stock, par value $0.001 per share (the \"Shares\"), to receive thirty-three thousand three-hundred thirty-three (33,333) Shares in exchange for every one-hundred thousand (100,000) Warrants tendered by the holders of Warrants (the \"Tender Offer\") until 11:59 p.m., Eastern Time, on Tuesday, April 9, 2019 to accommodate interest in the offering. Issuance of the Shares for properly tendered Warrants will be made promptly upon the expiration of the Tender Offer or as soon as practicable thereafter. The Tender Offer previously was scheduled to expire at 5:00 p.m., Eastern Time, on Wednesday, April 3, 2019. The full terms and conditions of the Tender Offer (excluding the extension of the expiration date described above) are set forth in the Offer to Exchange, Letter of Transmittal and related materials, each dated February 14, 2019, as amended and supplemented from time to time (the \"Offer Materials\").\n\n \n \n\n \nStockholders of the Company that have already tendered their Warrants need not take any further action as a result of this Public Announcement. Questions regarding this Public Announcement or any terms and conditions of the Tender Offer should be directed to the Company at (201) 258-3770.\nThis Public Announcement is for informational purposes only and shall not constitute an offer to purchase, nor a solicitati...