The NFT Gaming Company, Inc. announces closing of $7 million initial public offering
Roseland, NJ, Feb. 17, 2023 (GLOBE NEWSWIRE) — NFT Gaming Company, Inc. (“NFT Gaming” or the “Company”), a company that develops a digital gaming platform and community that will offer users the ability to coin unique avatars which can be played in all the games on the platform in the form of non-fungible tokens, or “NFTs”, today announced the closing of the initial public offering of 1,686,747 shares of common stock (“Common Stock”) at a public offering price of $4.15 per share of common stock, for aggregate gross proceeds of approximately $7 million, before deducting underwriting discounts, commissions and other offering expenses 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 shares of common stock at the public offering price less the underwriter discounts and commissions, to cover any over-allotments.
The Company’s common stock began trading on the Nasdaq Capital Market under the symbol “NFTG” on February 15, 2023.
Laidlaw & Company (UK) Ltd. and Revere Securities LLC, acted as joint book-running managers for the offering.
The Securities and Exchange Commission (“SEC”) declared valid a registration statement on Form S-1, as amended (File No. 333-267879) (the “Registration Statement”), on February 14, 2023. The final prospectus was filed with the SEC on February 16, 2023 and will be available on the SEC’s website at www.sec.gov. Copies of the final prospectus may be obtained from Laidlaw & Company (UK) Ltd., 521 Fifth Ave., 12th Floor, New York, NY 10175, Attention: Syndicate Dept.; email: [email protected].
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of such state or jurisdiction.
About The NFT Gaming Company, Inc.
NFT Gaming Company is developing a digital gaming platform that will offer our proprietary games as well as games developed and published by third parties. Our vision is to develop, design, acquire and manage conventional digital games and to combine them with new methods, such as the ability to create and create unique features in the game, such as skins, characters, weapons, equipment, in the form of non-fungible tokens, or “NFTs”, which will allow users to have unique experiences and more control over in-game assets. We initially plan to launch our own proprietary games that are easy and fun to play, allowing players to create their own affordable NFTs within the platform, with unique and exclusive features that can be used across the network of games and platforms. which we plan to build.
Forward-looking statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s IPO. Forward-looking statements are subject to a number of conditions, many of which are beyond the company’s control. Although the Company believes these forward-looking statements are reasonable, no reliance should be placed on any such forward-looking statements, which are based on information available to the Company as of the date of this 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 preliminary prospectus for the offering filed with the SEC. Thus, actual results may differ materially. The Company undertakes no obligation to update these statements whether as a result of new information, future events or otherwise, after the date of this release, except as required by law.
The NFT Gaming Company, Inc. Company Contact
Investor Relations
E:[email protected]
T: 1-888-319-2499
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