NTN Buzztime Plans on Selling Shares Worth $1.6 Million to Investors
Carlsbad, California, 27th June 2018: NTN Buzztime announced today that it has agreed to enter into a partnership with specific investors and that it would sell shares to them under a subscription agreement. It will sell 345,772 shares without any underwriting from any investment companies.
The price per share of its common stock has been fixed at $4.50, and an estimate proceeds from the process has been projected to be $1.4 million. The company wishes to use the revenue for improving its corporate performance.
The Head Manager commented –
“To avoid the trouble of finding suitable investors, Buzztime has roped in the services of Roth Capital Partners, a reputed placement agent based out of Newport Beach, California”.
The shares are being offered in accordance with the shelf offering on Form S-3 (File No. 333-215271), which has already been registered with the Security and Exchange Commission. Although a separate prospectus is not needed for the issue, a final and accompanying prospectus will be filed by NTN Buzztime, the details of which will be available on the official website of SEC (Security and Exchange Commission) at https://www.sec.gov/.
About the Company:
Founded in 1983 with its headquarters at California, NTN Buzztime is a company that provides entertainment that has a reactive structure. Buzztime being its most acclaimed product, it broadcasts various games to countries like the United States, Canada and even the Caribbean. It also develops several technologies that enable secured payment using Europay and Visa.