[October 19, 2017] |
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Digital Social Retail Announces Its Reg A+ qualification by the SEC and the launch of its Initial Public Offering of Common Stock and Warrants
Digital Social Retail (www.digitalsocialretail.com),
an operator and provider of a digital convergence platform that runs
cloud-based software called "Social Retail," has been qualified by the
Securities and Exchange Commission ("SEC (News - Alert)") pursuant to the Regulation A+
Tier 2 framework, which is open to both accredited and non-accredited
investors. Digital Social Retail also intends to file an application to
list its Units on a US Exchange.
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The Company expects to issue between 1 million and 2 million Units, each
consisting of one share of Common Stock and one Warrant to purchase one
share of Common Stock (the "Offering"). The Common Stock and Warrants
will be purchased together as a Unit in this Offering, @ $4.25 The
Company expects to raise gross proceeds of between $4,250,000 million
and $8,500,000. It intends to use the net proceeds for sales and
marketing, as well as research and development purposes. The offering
circular in connection with such offering is available on www.sec.gov
at the following link: https://www.sec.gov/cgi-bin/browse-edgar?company=digital+social&owner=exclude&action=getcompany.
Oberon Securities, LLC will act as placement agent for such offering.
For information regarding investing or paricipation Broker Dealers
please contact Daniel T. Guilfoile 212-386-7047 [email protected].
Sylvain Bellaiche, Founder and Chief Executive Officer of Digital Social
Retail, said, "The rapidly evolving Internet-of-Things marketplace
provides our Company significant opportunities to expand our business
into a variety of verticals. We believe the capital we expect to raise
from this offering will enable us to ramp up our business as we continue
to enhance our proprietary digital convergence platform and its appeal
to existing and potential new customers. With restaurants, cities,
hotels, retail chains and universities already using our digital
signage, Wi-Fi hotspot and beacon connector technology, we believe there
are many opportunities to expand our presence in this growing market."
The offering of Units is subject to market and other conditions, and
there can be no assurance as to whether or when the offering may be
completed, or as to the actual size or terms of the offering. The
Company cannot predict the timing of its planned application with a U.S.
stock exchange.
For more information on Digital Social Retail and the proposed offering,
please visit www.digitalsocialretail.com.
About Digital Social Retail
Digital Social Retail's software allows customers to simultaneously
manage push notifications for Wi-Fi signage, and on any mobile device,
entirely from a single platform. The "Social Retail" platform is a
personalized, geolocated and real-time advertising platform already used
by major global brands. The strength of the Social Retail platform is
that it is the only one that combines an Adserver, a CMS and a
predictive analytics tool on the same console. The Social Retail
platform collects large volumes of data from local consumers,
information that has become key and that will be increasingly essential
and valuable to any marketing strategy. It is marketed by monthly
license or paid for by results.
IMPORTANT MESSAGE: An offering statement relating to an offering
by Digital Social Retail, Inc. (the "Company'') for units that consist
of the Company's common stock and warrants to purchase such common stock
has been filed with the U.S. Securities and Exchange Commission (the
"SEC"). Prior to any investment in such securities of the Company, you
should review a copy of the offering circular included in such offering
statement by clicking on the following link: https://www.sec.gov/cgi-bin/browse-edgar?company=digital+social&owner=exclude&action=getcompany
or by requesting a copy by phone at (800) 236-6610 or by writing to the
Company at 205 E. 42nd St., New York, NY 10017. Please note
(i) that no money or other consideration is being solicited hereby, and
if sent in response, will not be accepted, (ii) no sales will be made or
commitments to purchase will be accepted until the offering statement
for such offering is qualified by the SEC, (iii) any such offer may be
withdrawn or revoked, without obligation or commitment of any kind, at
any time before notice of its acceptance is given after the
qualification date, and (iv) an indication of interest is non-binding
and involves no obligation or commitment of any kind. No offer to sell
any such securities, and no solicitation of an offer to buy any such
securities, is being made in any jurisdiction in which such offer, sale
or solicitation would not be permitted by applicable law.
FORWARD-LOOKING STATEMENTS: This communication contains
forward-looking statements that involve a number of judgments, risks and
uncertainties relating to the Company's business, results, plans and
prospects. Actual events or outcomes may differ materially from those
described, for a number of reasons, including those discussed in the
"Risk Factors" section of the offering circular included in the current
offering statement filed by the Company with the SEC and available to
the public on the EDGAR portion of the SEC's website at sec.gov. The
Company does not undertake any obligation to update any forward-looking
statements in this communication or such offering statement after the
dates they were made, whether as a result of new information, new events
or otherwise, except as may be required under applicable laws.
This press release is neither an offer to sell nor a solicitation of an
offer to buy any securities of the Company, including without limitation
the Units, Common Stock and Warrants. Any such offer is made exclusively
through the Company's Offering Circular dated October 2, 2017, as the
same may be amended or supplemented.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171019006247/en/
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