BitNile Metaverse Announces Termination of its At-the-Market Equity Program
16 Juin 2023 - 2:30PM
Business Wire
BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile” or the
“Company”) the company operating the rapidly growing virtual
world, BitNile.com (the “Platform”), today announced it has
terminated its “at-the-market” (“ATM”) equity program with
Ascendiant Capital Markets, LLC, as sales agent (the
“Agent”). The Company elected to terminate the ATM because
it had achieved its objective of raising capital under the ATM.
Through the utilization of the ATM, the Company sold
approximately 1,261,000 shares of common stock on a
reverse-split-adjusted basis and raised approximately $3.5 million
in gross proceeds, or approximately $2.77 per share.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
shares of the Company’s common stock in any state or other
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 other jurisdiction.
About BitNile Metaverse, Inc.
Founded in 2011, BitNile (Nasdaq: BNMV) owns 100% of BNC,
including the BitNile.com metaverse Platform. The Platform, which
went live to the public on March 1, 2023, allows users to engage
with a new social networking community and purchase both digital
and physical products while playing 3D immersive games. In addition
to BNC, BitNile also owns three non-core subsidiaries either
directly or indirectly: approximately 66% of Wolf Energy Services
Inc. (OTCQB: WOEN) indirectly; 100% of Zest Labs, Inc. directly;
and approximately 89% of Agora Digital Holdings Inc. directly.
BitNile also owns approximately 70% of White River Energy Corp
(OTCQB: WTRV).
Forward-Looking Statements
This press release contains “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, as
amended These forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made,
and BitNile will not undertake any obligation to update any of
these statements publicly in light of new information or future
events. Actual results could differ materially from those contained
in any forward-looking statement as a result of various factors. In
addition to risks relating to the acceptance of the Platform by
individuals, competition with much larger companies operating
metaverses and BitNile’s ability to raise capital, investors should
review risk factors, that could affect BitNile’s business and
financial results which are included in BitNile’s filings with the
U.S. Securities and Exchange Commission, including, but not limited
to, Forms 10-K, 10-Q and 8-K. All such filings are available at
www.sec.gov and on the companies’ websites at www.BitNile.net.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230616487292/en/
BitNile Investor Contact: investorrelations@BitNile.net
or 1-800-762-7293
BitNile Metaverse (NASDAQ:BNMV)
Graphique Historique de l'Action
De Sept 2024 à Oct 2024
BitNile Metaverse (NASDAQ:BNMV)
Graphique Historique de l'Action
De Oct 2023 à Oct 2024