Business
MoneyOnMobile Rights Offering Subscription Period Ends at 5:00 PM ET Today
MoneyOnMobile Rights Offering Subscription Period Ends at 5:00 PM ET Today.
About this update from Moneyonmobile, Inc
[{"type":"text","content":"DALLAS, TX and MUMBAI, INDIA / ACCESSWIRE / June 22, 2018 / MoneyOnMobile, Inc. (OTCQB: MOMT) rights offering subscription period ends today by 5:00 PM ET. Questions about the rights offering or requests for copies of the prospectus may be directed to Mackenzie Partners at (800)322-2885 or [email protected] MoneyOnMobile intends to use the net proceeds from the rights offering to provide working capital to expand growth in India and for general corporate purposes. Details of the rights offering are set out in the registration statement on Form S-1/A, as amended, file number 333-223935, and related prospectus or prospectus supplement(s) filed with the SEC, which are available on the SEC's website at: http://bit.ly/MOMTsecEDGARSubscription Period Ends by 5:00 PM ET today, Friday June 22, 2018Right holders who fully exercise their basic subscription privilege will be entitled to purchase additional shares of MoneyOnMobile Common stock via the over-subscription privilege (should any of the offering remain unsubscribed at the expiration of the subscription period). This rights offering shall not exceed $10 million (approximately 1,666,666 shares of Common stock) and be no less than $6,221,154 (approximately 1,036,859 shares of Common stock).MoneyOnMobile has engaged Advisory Group Equity Services, Ltd. doing business as RHK Capital as Dealer-Manager in the offering, Mackenzie Partners, Inc. as Information Agent and Securities Transfer Corporation as Subscription Agent. Questions about the rights offering or requests for copies of the prospectus, when available, may be directed to Mackenzie Partners at (800)322-2885 or [email protected] MoneyOnMobile, Inc.MoneyOnMobile, Inc. is an India focused mobile payments technology and processing company offering mobile payment services. MoneyOnMobile enables Indian consumers to use mobile phones to pay for goods and services or transfer funds from one cell phone to another. It can be used as simple SMS text functionality or through the MoneyOnMobile application or internet site. MoneyOnMobile has more than 350,000 retail locations throughout India.Safe Harbor StatementThis release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current ...