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Paltalk, Inc. Announces Closing of $4.0 Million Underwritten Public Offering and Full Exercise of Over-Allotment Option
JERICHO, NY, Aug. 05, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Paltalk, Inc. (“Paltalk," the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a leading
About this update from Intelligent Protection Management Corp.
[{"type":"text","content":"JERICHO, NY, Aug. 05, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Paltalk, Inc. (“Paltalk,\" the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a leading communications software innovator that powers multimedia social applications, today announced the closing of its previously announced underwritten public offering of 1,333,310 shares of common stock, including 173,910 shares sold pursuant to the full exercise of the underwriter’s over-allotment option, at a price to the public of $3.00 per share. The shares of common stock began trading on The Nasdaq Capital Market, on August 3, 2021, under the symbol \"PALT\". Paltalk received gross proceeds of approximately $4.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses. Maxim Group LLC acted as sole book-running manager for the offering. The offering was conducted pursuant to the Company's registration statement on Form S-1 (File No. 333-257036), as amended, previously filed with and subsequently declared effective by the Securities and Exchange Commission (“SEC”). A final prospectus relating to the offering was filed with the SEC and is available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus relating to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, at (212) 895-3745. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, 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. About Paltalk, Inc. Paltalk is a communications software innovator that powers multimedia social applications. Our product portfolio includes Paltalk and Camfrog, which together host one of the world’s largest collections of video-based communities. Our other products include Tinychat and Vumber. The Company has an over 20-year history of technology innovation and holds 18 patents. For more information, please visit: http://www.paltalk.com. Forward Looking Statements This press release contains \"forward-looking statements.\" Such statements may be preceded by the words \"intends,\" \"may,\" \"will,\" \"pla...