Business
Hollywall Entertainment, Inc., (HWAL) Announces 2018 Updates
Hollywall Entertainment, Inc., (HWAL) Announces 2018 Updates.
About this update from Hollywall Entertainment Inc.
[{"type":"text","content":"\n\n NASHVILLE, TN, Feb. 16, 2018 (GLOBE NEWSWIRE) -- Hollywall Entertainment, Inc., (OTC: HWAL), announces Financial Industry Regulatory Agency (FINRA) has approved HWAL’s application of its three-tier Warrant Program record date of March 27, 2018.\n HWAL revised the original record date of December 26, 2017 to March 27, 2018 to give adequate notice to its shareholders and the investment community of the three-tier warrant program. All information regarding the warrant program can also be found at the company’s website, https://hollywall.com/ The warrants purchased by Shareholders of record date of March 27, 2018 shall be structured as follows:   • The first Warrant, (A Warrant), is exercisable for 30 days to holders of common stock of HWAL as of the record date March 27, 2018.  The A warrant provides shareholders the right to purchase from the company directly three (3) additional shares of restricted common stock for every share they own as of the date of March 27, 2018 at a price of $0.85 per share. Shareholders can buy A Warrants from March 30, 2018 until April 29, 2018. • Upon expiration of the A warrant, the A warrant becomes a B warrant which is exercisable for 60 days after the expiration of the A warrants. The B warrant provides for the right to buy 1 share of restricted common stock at a price of $2.00. Shareholders can buy B Warrants from April 30, 2018 until June 29, 2018. • Upon expiration of the B warrant, the B warrant becomes the C warrant which is exercisable for 90 days after the expiration of the B warrants.  The C warrant provides for the right to buy 1 share of restricted common stock at a price of $5.00.  Shareholders can buy C Warrants from June 30, 2018 until September 28, 2018.  Along with the multi-tiered warrants, the Company has created several new Preferred series of equity securities. HWAL is considering a year end tender offer for all its currently issued and outstanding common stock.   HWAL continues to work with the investment banking community and plans to release further detail regarding the structure and timing of the tender offer for all common shares and other anticipated benefits for all its shareholders.   HWAL has engaged one of the nation’s top auditing firms with intention to become fully re...