Asset Entities Announces Filing of S-3 Shelf Registration Statement
16 April 2024 - 10:00PM
Asset Entities Inc. (“Asset Entities” or “the
Company”) (NASDAQ: ASST), a provider of digital marketing
and content delivery services across Discord and other social media
platforms, and Ternary Payment Platform company, which just over a
year ago became the first sub-Discord technology company to go
public on Nasdaq, announces that it has filed a Form S-3 shelf
registration statement (the “S-3”) with the U.S. Securities and
Exchange Commission (“SEC”).
Once the registration statement becomes
effective, Asset Entities may offer to the public from time to
time, in one or more offerings, shares of class B common stock,
preferred stock, debt securities, warrants, subscription rights,
and units up to a total aggregate offering amount of $100,000,000.
The securities will be offered at prices and on terms to be
determined at the time of any such offering. The specifics of any
potential future offerings, along with the use of proceeds of any
such securities offered by Asset Entities, would be described in
detail in a prospectus supplement at the time of any such offering.
However, Asset Entities is not selling any securities from the
shelf registration statement at this time. Asset Entities believes
that a shelf registration on Form S-3 will provide greater
flexibility to raise capital in the future.
Our registration statement on Form S-3 has not
yet been declared effective by the SEC. The securities described in
it may not be sold and offers to buy may not be accepted prior to
the time the registration statement becomes effective. 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 the 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.
About Asset Entities, Inc.
Asset Entities Inc. is a technology company
providing social media marketing, management, and content delivery
across Discord, TikTok, Instagram, Twitter, YouTube, and other
social media platforms. Asset Entities is believed to be the first
publicly traded Company based on the Discord platform, where it
hosts some of Discord’s largest social community-based education
and entertainment servers. The Company’s AE.360.DDM suite of
services is believed to be the first of its kind for the Design,
Development, and Management of Discord community servers. Asset
Entities’ initial AE.360.DDM customers have included businesses and
celebrities. The Company also has its Ternary payment platform that
is a Stripe-verified partner and CRM for Discord communities. The
Company’s Social Influencer Network (SiN) service offers
white-label marketing, content creation, content management, TikTok
promotions, and TikTok consulting to clients in all industries and
markets. The Company’s SiN influencers can increase the social
media reach of client Discord servers and drives traffic to their
businesses. Learn more at assetentities.com, ternarydev.com
and ae360ddm.com, and follow the Company on Twitter at $ASST
and @assetentities.
Important Cautions Regarding
Forward-Looking Statements
This press release contains forward-looking
statements. In addition, from time to time, representatives of the
Company may make forward-looking statements orally or in writing.
These forward-looking statements are based on expectations and
projections about future events, which are derived from
the information currently available to the Company. Such
forward-looking statements relate to future events or the Company’s
future performance, including its financial performance and
projections, growth in revenue and earnings, and business prospects
and opportunities. Forward-looking statements can be identified by
those statements that are not historical in nature, particularly
those that use terminology such as “may,” “should,” “expects,”
“anticipates,” “contemplates,” “estimates,” “believes,” “plans,”
“projected,” “predicts,” “potential,” or “hopes” or the negative of
these or similar terms. In evaluating these forward-looking
statements, you should consider various factors including those
that are described in the section titled “Risk Factors” in the
Company’s periodic reports which are filed with the Securities and
Exchange Commission. These and other factors may cause the
Company’s actual results to differ materially from any
forward-looking statement. Forward-looking statements are only
predictions. The forward-looking statements contained in this press
release are made as of the date of this press release, and the
Company does not undertake any responsibility to update the
forward-looking statements in this release, except in accordance
with applicable law.
Company Contacts:
Arshia Sarkhani, President and Chief Executive OfficerMichael
Gaubert, Executive ChairmanAsset Entities Inc.Tel +1 (214)
459-3117 Email Contact
Investor Contact:Skyline Corporate Communications Group,
LLCScott Powell, President1177 Avenue of the Americas, 5th FloorNew
York, NY 10036Office: (646) 893-5835Email: info@skylineccg.com
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