Liquid Media Announces At-The-Market Equity Program
August 25 2021 - 9:41AM
Liquid Media Group Ltd. (the “
Company”,
“
Liquid Media” or “
Liquid”)
(Nasdaq: YVR) is pleased to announce that it has entered into a
sales agreement (the “
ATM Agreement”) with Virtu
Americas LLC (the “
Sales Agent”) for an
at-the-market distribution program (the “
ATM
Program”).
The ATM Agreement will allow the Company to
distribute up to US$6,051,342 of common shares of the Company (the
“Offered Shares”) under the ATM Program. The
Offered Shares will be issued by the Company to the public from
time to time, through the Sales Agent. The Offered Shares sold
under the ATM Program, if any, will be sold on the Nasdaq at the
prevailing market prices at the time of the sale. No Offered Shares
will be offered or sold in Canada.
The Company intends to use the net proceeds of
any such sales under the ATM Program for working capital purposes,
expanding existing businesses or acquiring or investing in
business, debt reduction or debt refinancing, capital expenditures,
and other general corporate purposes.
Any sales of Offered Shares may be made in sales
that are deemed to be “at-the-market” offerings as defined in Rule
415 under the Securities Act of 1933, as amended. The Company is
not obligated to make any sales of Offered Shares under the ATM
Agreement.
The offering is being made only by means of a
prospectus contained in the shelf registration statement on Form
F-3 (File No. 333-237982) (the “Base Prospectus”)
filed by the Company with the Securities and Exchange Commission
(the “SEC”) on May 4, 2020 and declared effective
by the SEC on May 15, 2020 and the related prospectus supplement
dated August 24, 2021 (the “Prospectus
Supplement”). Prospective investors should read the Base
Prospectus, the Prospectus Supplement and all other documents that
the Company has filed with the SEC that are incorporated by
reference to the Base Prospectus and Prospectus Supplement for more
complete information about the Company, including information about
the ATM Program and the risks associated with investing in the
Company. Copies of the Prospectus Supplement and accompanying Base
Prospectus may be obtained on the SEC’s website at www.sec.gov or
by contacting Virtu Americas LLC by phone at (646) 682-6322, or by
emailing atm@virtu.com.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy securities, nor will
there be any sale of, the securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful.
About Liquid Media Group
Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is a
business solutions company empowering independent IP creators.
Liquid’s end-to-end solution will enable professional video
(film/TV and video game) creation, packaging, financing, delivery,
and monetization, empowering IP creators to take their professional
content from inception through the entire process to
monetization.
Additional information is available at
www.LiquidMediaGroup.co.
Further information:
Primoris Group+1 (416) 489-0092pg@liquidmediagroup.co
Media requests:
Investor / BusinessAdam BelloMedia &
Analyst Relations ManagerPrimoris Group Inc.+1 (416) 489-0092 x
226media@primorisgroup.com
IndustryJane OwenJane Owen PR+1 (323)
819-1122jane@janeowenpr.com
Cautionary Note Regarding Forward-Looking
Statements
Certain statements in this news release may
constitute "forward-looking information", including those regarding
the future issuance of Offered Shares sold under the ATM Program
and the intended use of proceeds raised from the ATM Program.
Forward-looking information includes statements that address or
discuss activities, events or developments that the Company expects
or anticipates may occur in the future. When used in this news
release, words such as “estimates”, “expects”, “plans”,
“anticipates”, “will”, “believes”, “intends”, “should”, “could”,
“may” and other similar terminology are intended to identify such
forward-looking information. Statements constituting
forward-looking information reflect the current expectations and
beliefs of the Company’s management. These statements involve
significant uncertainties, known and unknown risks, uncertainties
and other factors and, therefore, actual results, performance or
achievements of the Company and its industry may be materially
different from those implied by such forward-looking statements.
They should not be read as a guarantee of future performance or
results, and will not necessarily be an accurate indication of
whether or not such results will be achieved. A number of factors
could cause actual results to differ materially from such
forward-looking information, including, without limitation, risks
that the Company may not sell any of the Offered Shares or may
raise less than the maximum offering amount under the ATM Program;
management has broad discretion in the use of proceeds from the ATM
Program; risks inherent to the Company’s business and those other
risks described in filings with Canadian securities regulators and
the SEC. These risks, as well as others, could cause actual results
and events to vary significantly. Accordingly, readers should
exercise caution in relying upon forward-looking information and
the Company undertakes no obligation to publicly revise them to
reflect subsequent events or circumstances, except as required by
law.
Liquid Media (NASDAQ:YVR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Liquid Media (NASDAQ:YVR)
Historical Stock Chart
From Sep 2023 to Sep 2024