©Reuters. NFT Gaming Company (NFTG) lists 1.69M shares for IPO at $4.15/sh
The NFT Gaming Company, Inc. (NFTG), a company developing a digital gaming platform and community that will offer users the ability to mint unique avatars that will be used in all games on the platform in the form of non-fungible tokens are playable, or “NFTs,” today announced the pricing of its initial public offering of 1,686,747 common shares (the “Common Shares”) at a public offering price of $4.15 per common share for total gross proceeds of approximately $7 million before deductions subscription rebates, commissions and other offering costs and excluding any exercise of the underwriters’ option to purchase additional securities as described herein. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 253,012 common shares at the public offering price, less underwriting discounts and commissions.
The Company has received approval to list its common stock on the Nasdaq Capital Market, with its common stock trading under the symbol “NFTG,” with trading expected to begin on February 15, 2023, subject to final Nasdaq approval. The offering is expected to close on or about February 17, 2023, subject to satisfaction of customary closing conditions.
Laidlaw & Company (UK) Ltd. and Revere Securities LLC are acting as joint book-running managers for the offering.
The Securities and Exchange Commission (“SEC”) issued a registration statement effective on February 14, 2023 on Form S-1 as amended (File Number 333-267879) (the “Registration Statement”). The final prospectus will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the final prospectus, where available, may be obtained from Laidlaw & Company (UK) Ltd., 521 Fifth Ave., 12th Floor, New York, NY 10175, Attention: Syndicate Dept.; E-mail: [email protected].
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities described herein, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful would be prior to registration or qualification under the securities laws of any such state or jurisdiction.
About The NFT Gaming Company, Inc.
NFT Gaming Company is developing a digital gaming platform that will offer our own games as well as games developed and published by third parties. Our vision is to develop, design, acquire and manage traditional digital games and combine them with novel methods such as non-fungible tokens or “NFTs” that allow users to have unique experiences and more Having control over in-game assets. We plan to initially launch our own proprietary games that are easy and fun to play and offer players the opportunity to create their own affordable NFTs within the platform with unique and exclusive features shared across the network of games and platforms can be used across that we want to build.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s IPO. There can be no assurance that the Offer will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control. Although the Company believes that these forward-looking statements are reasonable, undue reliance should not be placed on such forward-looking statements, which are based on information available to the Company as of the date of this press release. These forward-looking statements are based on current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the “Risk Factors” section of the Company’s registration statement and the preliminary prospectus for the offering filed with the SEC. Therefore, actual results may differ materially. The Company undertakes no obligation to update any of these statements after the date of this press release, whether as a result of new information, future events or otherwise, except as required by law.
The NFT Gaming Company, Inc. Corporate Contact
Investor Relations
E:[email protected]Phone: 1-888-319-2499
Source: The NFT Gaming Company, Inc.
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