Fernhill Corp Provides Clarification on its Regulation A Filing

Fernhill Corp (OTC Markets: FERN), a Web3 Cloud Based Enterprise Infrastructure platform focused on providing APIs for digital asset trading, NFT marketplaces and data aggregation solutions, is pleased to announce the following updates:

Fernhill recently filed a Form 1-A POS with the Securities and Exchange Commission, otherwise known as an amended REG A. While the current filing is still under review the company wishes to address some concerns and clarify some questions around the Regulation A process for its shareholders and the broader investment community:

• Price Range - Given the amount of time involved in qualifying a Regulation A offering, a significant number of Regulation A offerings filed by publicly traded companies are filed initially with a price range. This practice is permitted under the rules and regulations and allows publicly traded companies to solidify their offering price once the Regulation A offering has been qualified. This practice allows publicly traded companies to price their offerings based on the market conditions once the review process has been completed and is simply a safety measure.
  
  

• Actual Price - The actual price of the Fernhill Reg A has not been determined and it will not be determined until after the filing becomes effective. It could end up toward the low end of the range or the high end or somewhere in between. The pricing determination is typically a function of where a company is currently trading at that time.
  
  
  
• Use of Proceeds - Per the filing, the use of any proceeds that are raised will go towards:

1. Working Capital
2. Repayment of Notes and Accounts Payable
3. Expansion of PerfectMine, MainBloq and DigXNFT and 
4. Ongoing accounting, legal and auditing expenses. 

In other news, Fernhill Corp is planning another live event later in November with its Communication partner 6ix.com. Some high level industry executives are expected to participate in this event and the discussion will center around the future of Web3, digital assets and how Fernhill will position itself to succeed going forward in this burgeoning industry. 

Chris Kern, Fernhill’s Chairman and CEO, commented “to all our shareholders - this is Your Company, a platform for which we have big plans. Fernhill aspires to become one of the leading Web3 infrastructure providers in the world, helping drive the digital asset economy forward. This Reg A financing is meant to empower and support our growth as well as to continue to build upon the foundation that has been established.  To everyone that wants to share our vision, we welcome you with open arms. Let’s build something incredible together.” 

“Slow and steady wins the race”, said Marc Lasky, Fernhill Corp President. “We are in this for the long haul and we are making progress every day towards our goals. Stay tuned, as we promise to keep everyone updated along the way.”

If there are any other questions that Fernhill can address please send an email to info@fernhillcorp.com.

About Fernhill:

Fernhill Corp is a Web3 Cloud Based Infrastructure provider focused on providing APIs for digital asset trading, NFT marketplaces and data aggregation solutions. Fernhill is a Signatory Member of the Crypto Climate Accord (CCA) and a Principal Member of the Metaverse Standards Forum.

For all official Fernhill corporate information, please refer to our filings, news and updates on the following resources:  

OTC Markets

Nevada SOS

Fernhill Twitter

Fernhill Facebook

Fernhill LinkedIn

Fernhill Website

DIGXNFT

About MainBloq:

MainBloq, a division of Fernhill Corporation ($FERN), is a digital asset connectivity platform that is integrated with leading exchanges to serve the needs of institutional clients around the world. MainBloq offers a modular platform including a smart order router, suite of execution algorithms, FIX / SOCKETS / REST gateway, and consulting services to help banks and hedge funds execute on their trading strategies. For more information please visit the MainBloq Website www.mainbloq.io

MainBloq Twitter

MainBloq Facebook

MainBloq Linkedin

Company Contact Information: info@fernhillcorp.com

Any other links are not official & should be taken as such nor have anything to do with Fernhill Corp or its subsidiaries.

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Forward-Looking Statements

This release includes ‘forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute ‘forward-looking statements.' Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words ‘estimate', ‘project', ‘intend', ‘forecast', ‘anticipate', ‘plan', ‘planning', ‘expect', ‘believe', ‘will likely', ‘should', ‘could', ‘would', ‘may' or words or expressions of similar meaning. Such statements are not guaranteeing of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced vendors, services or components, and various other factors beyond the Company's control.