Rhodium Enterprises, Inc. Announces Launch of Initial Public Offering
13 Januar 2022 - 2:16PM
Rhodium Enterprises, Inc. (“Rhodium” or the “Company”) today
announced it has launched an initial public offering of 7,692,307
shares of its Class A common stock at an anticipated initial
offering price between $12.00 and $14.00 per share pursuant to a
registration statement on Form S-1 filed with the Securities and
Exchange Commission (the “SEC”). In addition, Rhodium intends to
grant the underwriters a 30-day option to purchase up to an
additional 1,153,846 shares of Class A common stock at the initial
public offering price, less underwriting discounts and commissions.
Rhodium intends to list on the Nasdaq Global Select Market under
the ticker symbol “RHDM”.
B. Riley Securities and Cowen are acting as joint book-running
managers, Needham & Company is acting as lead manager, and D.A.
Davidson & Co. and Northland Capital Markets are acting as
co-managers for the offering.
The offering of these securities will be made only by means of a
prospectus. A copy of the preliminary prospectus relating to these
securities, when available, may be obtained for free from B. Riley
Securities, Inc., Attention: Prospectus Department, 1300 17th
Street N., Suite 1300, Arlington, Virginia 22209, Phone:
+1-703-312-9580, Email: prospectuses@brileyfin.com or
from Cowen and Company, LLC, c/o Broadridge Financial Solutions,
Attention: Prospectus Department, 1155 Long Island Avenue,
Edgewood, NY 11717, Phone: +1-833-297-2926,
Email: PostSaleManualRequests@broadridge.com.
A registration statement, including a prospectus that is
preliminary and subject to completion, relating to these securities
has been filed with the Securities and Exchange Commission, but has
not yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration
statement becomes effective. The registration statement may be
obtained free of charge at the SEC’s website at www.sec.gov under
“Rhodium Enterprises, Inc.” 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 these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or jurisdiction.
About Rhodium Enterprises, Inc.
Rhodium Enterprises, Inc. is an industrial-scale digital asset
technology company utilizing its proprietary technologies to mine
bitcoin.
Cautionary Note Regarding Forward-Looking
Statements
Certain statements contained in this press release constitute
“forward-looking statements”. These forward-looking statements
represent Rhodium’s expectations or beliefs concerning future
events, and it is possible that the results described in this press
release will not be achieved. These forward-looking statements are
subject to risks, uncertainties and other factors, many of which
are outside of Rhodium’s control, that could cause actual results
to differ materially from the results discussed in the
forward-looking statements. These include, but are not limited to,
statements regarding the terms of the offering and the intended use
of proceeds therefrom.
Any forward-looking statement speaks only as of the date on
which it is made, and, except as required by law, Rhodium does not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise. New factors emerge from time to time, and it is not
possible for Rhodium to predict all such factors. When considering
these forward-looking statements, you should keep in mind the risk
factors and other cautionary statements in the prospectus filed
with the SEC in connection with Rhodium’s initial public offering.
The risk factors and other factors noted in Rhodium’s prospectus
could cause its actual results to differ materially from those
contained in any forward-looking statement.
Contacts
MediaSusan Butenhoff415.630.1230press@rhdm.com
InvestorsRob FinkFNK IR 646.809.4048investors@rhdm.com
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