Business
Perpetual Industries Inc. Launches Reg D-506(C) Common Stock Offering
Perpetual Industries Inc. Launches Reg D-506(C) Common Stock Offering.
About this update from Perpetual Industries Inc.
[{"type":"text","content":"AUBURN, IN / ACCESSWIRE / September 25, 2020 / Perpetual Industries Inc. (OTC PINK:PRPI) (the "Perpetual" or the "Company") is pleased to announce today that it will offer up to 10,000,000 shares of its common stock at $0.30 per share for an aggregate offering amount of $3,000,000. The shares will be offered to accredited investors only pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933, as amended (the "Securities Act"). Although general solicitation is permitted under Rule 506(c) offerings, purchasers must be accredited investors and meet certain SEC verification requirements for validation of their "accredited investor" status.Perpetual intends to use the proceeds from the stock offering principally for general working capital purposes and for funding the operational plan for project development purposes, including but not limited to, general and administrative expenses, intellectual property acquisition costs, legal and accounting expenses, research & development expenses, and marketing expenses."Perpetual Industries is positioned to contribute to the advancement of innovation in key growth industries such as Green Energy and Blockchain applications. We believe our company's vision for creating new, innovative, and energy efficient products offers an exciting investment opportunity and should be considered for inclusion in any investment portfolio. We expect this offering will provide Perpetual with the capital needed to continue the execution of our operational plan and acquisition strategy for future growth in the company," stated Brent W. Bedford, CEO of Perpetual Industries Inc.This press release does not constitute an offer to sell nor a solicitation of an offer to purchase any securities in any jurisdiction in which such an offer or solicitation is not authorized and does not constitute an offer within any jurisdiction to any person to whom such offer would be unlawful. Further, the securities being offered by Perpetual have not been registered under the Securities Act, any state securities laws or the securities laws of any other jurisdiction and may not be offered or sold absent registration or an applicable exemption from the registration requirements.For additional information about Perpetual and to request our offering materials, please ...