Giftify, Inc. Announces Pricing of $600,000 Public Offering of Common Stock with No Warrants
15 Januar 2025 - 3:30PM
: Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and
operator of leading digital platforms, CardCash.com and
Restaurant.com, with a focus on incentives and rewards in retail,
dining & entertainment experiences, today announced the pricing
of its “best efforts” public offering of 600,000 shares of its
common stock with no warrants at a public offering price of $1.00
per share. Total gross proceeds from the offering, before deducting
the placement agent’s fees and other offering expenses, are
expected to be approximately $600,000. The offering is expected to
close on January 16, 2025, subject to the satisfaction of customary
closing conditions.
Craft Capital Management LLC is acting as sole
placement agent for the offering.
The Company intends to use the net proceeds from
the offering for general corporate purposes, capital expenditures,
working capital and general and administrative expenses.
A shelf registration statement on Form S-3
(Registration No. 333-282322) relating to the public offering of
the securities described above was previously filed with the
Securities and Exchange Commission (SEC) and declared effective on
October 15, 2024. A preliminary prospectus supplement and
accompanying prospectus relating to the underwritten public
offering was filed with the SEC and are available on the SEC’s
website at www.sec.gov. Copies of the preliminary prospectus
supplement and accompanying prospectus relating to the offering may
be obtained from Craft Capital Management, 377 Oak St., Lower
Concourse, Garden City, NY 11530, Attention: Syndicate Dept.;
email: info@craftcm.com
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities 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. Any offer,
if at all, will be made only by means of the prospectus supplement
and accompanying prospectus forming a part of the effective
registration statement.
About Giftify, Inc.
Giftify, Inc. is a pioneer in the incentive and
rewards industry with a focus on retail, dining & entertainment
experiences, as the owner and operator of leading digital
platforms, CardCash.com and Restaurant.com. CardCash.com is a
leading secondary gift card exchange platform, allowing consumers
and retailers to realize value by buying and selling gift cards at
various scales. Its Restaurant.com is the nation’s largest
restaurant-focused digital deals brand. Restaurant.com and our
Corporate Incentives division connect digital consumers, businesses
and communities offering thousands of dining, retail and
entertainment deals options nationwide at over 184,000 restaurants
and retailers. Restaurant.com prides itself on offering the best
deal, every meal. Our gift cards and restaurant certificates allow
customers to save at thousands of restaurants across the country
with just a few clicks.
For more information, visit: www.giftifyinc.com
and www.cardcash.com and https://www.restaurant.com.
Forward-Looking StatementsPress
Releases may include forward-looking statements. In particular, the
words “believe,” “may,” “could,” “should,” “expect,” “anticipate,”
“estimate,” “project," "propose," "plan," "intend," and similar
conditional words and expressions are intended to identify
forward-looking statements. Any statements made in this news
release about an action, event or development, are forward-looking
statements. Such statements are based upon assumptions that in the
future may prove not to have been accurate and are subject to
significant risks and uncertainties. Such statements are subject to
a number of assumptions, risks and uncertainties, many of which are
beyond the control of the company. Accordingly, you should not
place undue reliance on these forward-looking statements. Although
the company believes that the expectations reflected in the
forward-looking statements are reasonable, it can give no assurance
that its forward-looking statements will prove to be correct.
Investors are cautioned that any forward-looking statements are not
guarantees of future performance and actual results or developments
may differ materially from those projected. The forward-looking
statements in this press release are made as of the date hereof.
The company takes no obligation to update or correct its own
forward-looking statements, except as required by law or those
prepared by third parties that are not paid by the company.
Statements in this press release that are not historical fact may
be deemed 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. Although Giftify,
Inc. believes the expectations reflected in any forward-looking
statements are based on reasonable assumptions, Giftify, Inc. is
unable to give any assurance that its expectations will be
attained. Factors that could cause actual results to differ
materially from expectations include the company’s ability identify
a suitable business model for the corporation.
Investors Contacts:
IR@giftifyinc.com
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