JUPITER, FL / ACCESSWIRE / July 21, 2021 / Jupiter Wellness, Inc. (Company) (NASDAQ: JUPW) today announced the price of 11,066,258 shares of Common Stock Bidding Company (Company Offering Shares) with a nominal value of $ 0.001 : For one share issued by the Company (“Joint Stock”), 540,884 shares (“Selling Shareholder”) issued by some selling shareholders of the Company (“Selling Shareholder”) Shares issued by the Company Guarantees (Guarantees) Total shares up to, 11,607,142 for a company offering shares / shares of a company offering shares to a public / selling shareholder at a price of $ 0.01 for company guarantees. The Company Guarantees will be effective immediately after the issue, at the price of Exercise 2.79 per share, և they will expire on the fifth anniversary of the initial issue date. Gross revenue from the offer before deducting placement discounts and commissions և Bid estimated costs are expected to be $ 32.5 million.
In addition, the Company և the selling shareholders provided the shareholders with a 45-day option to purchase additional shares of common stock, representing 15% of the number of ordinary shares sold in the underlying bid և Additional Company Guarantees representing up to 15% of the Company Guarantee was sold at a base bid solely to cover overpayments, if any, which would increase the total gross bid to $ 37.4 million if the overdraft option was fully utilized.
The offer is expected to close on July 26, 2021, subject to conditional closure.
Aegis Capital Corp. acts as the sole bookkeeping manager.
The securities described above were offered by Jupiter Wellness, Inc. in accordance with the S-1 Horse (333-258005) Horse Registration Declaration previously filed with the Securities and Exchange Commission (SEC) on July 19, 2021. , amended on July 20, 2021, ուժ entered into force by the Ministry of Education and Science on July 21, 2021. The final prospectus (“prospectus”), which describes the terms of the proposed bid, will be submitted to the SEC and will be available on the SEC website. is available at http://www.sec.gov. Electronic copies of the prospectus can be obtained by contacting Aegis Capital Corp., if available. Department of Trade Unions, 810 7th Avenue, 18th Floor, New York, New York 10019, email email@example.com, or call (212) 813-1010. Prior to investing in this Offer, interested parties should read the entire prospectus մյուս Other documents submitted by the Company to the SEC included in the references in that prospectus, which provide more information about the Company և such proposals.
This press release is not an offer to sell or an offer to buy a unit, nor can it be a sale of any item in any state or jurisdiction where such offer, brokerage or sale would be unlawful prior to registration or qualification under such State or jurisdiction securities.
About Jupiter Wellness
Jupiter Wellness, Inc. (NASDAQ: JUPW) is a leading developer of therapeutic skin care therapies. The company’s line of enhanced skin care therapies focuses on the endocannabinoid system for treatment, including eczema, burns, cold sores, and skin cancer. Jupiter generates revenue from a growing range of over-the-counter skin care products, including CaniSun և anti-aging այլ other health brands sold through www.cbdcaring.com.
Safe harbor announcement
To the extent that any statement in this presentation by Jupiter Wellness, Inc. (the Company) contains “prospective statements” as set forth in the 1995 Private Securities Litigation Reform. In the law և information based on its beliefs, և Information currently available to the Company’s management, as well as և Assessments made by the Company ղեկավար ություններ assumptions. These statements can be equated with the fact that they do not refer strictly to historical or current facts. When this expression uses “evaluate”, “expect”, “intention”, “believe, plan”, “predict”, “predict” և other words, or a negative expression of these terms և similar expressions that refer to the Company or the Company management clarify is the prospective announcements. Such statements reflect the Company ներկայ’s current view of future developments են subject to risks, uncertainties, assumptions, other factors relating to the expected closing date of the Offer, risks և uncertainties. related to market conditions և supply, Company’s industry, its activities արդյուն results և activity և Satisfaction with the usual closing conditions associated with any business acquired by the Company. If one or more of these risks or uncertainties arise, or the underlying assumptions are incorrect, the actual results may differ materially from what is expected, believed, estimated, expected, expected or planned. Although the Company believes that the expectations reflected in the prospective statements are reasonable, the Company cannot guarantee future results, results or achievements. Except as required by applicable law, including United States security laws, the Company does not intend to update any prospective statements to bring those statements to life.
Investor և Public Relations
A SO BYUR. Jupiter Wellness, Inc.
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