FreeCast Engages Maxim Group as Exclusive Financial Advisor for Nasdaq Direct Listing
April 19 2024 - 6:00AM
Business Wire
Company pursues direct listing on Nasdaq,
departing from its initial plan of a traditional IPO.
FreeCast, Inc. (the “Company,” symbol: CAST), today announced
that it has engaged Maxim Group LLC to act as the Company’s
exclusive financial advisor for its proposed Nasdaq Direct Listing.
FreeCast is an advanced integrated hyper-targeted
commercial-to-consumer middleware platform for the global video
streaming industry. As recently disclosed in its amendment to its
registration statement filed with the Securities and Exchange
Commission, the Company intends to register its shares with the SEC
and seek a direct listing on Nasdaq, departing from its initial
plan of a traditional IPO. FreeCast does not intend to generate new
capital through its proposed listing.
About Maxim Group LLC
Founded in 2002, Maxim Group is a leading full-service
investment bank, securities and wealth management firm
headquartered in mid-town Manhattan providing a comprehensive array
of financial services including investment banking, global
institutional sales, equity research, fixed income and derivative
sales & trading, merchant capital, private wealth management,
and prime brokerage services to a diverse range of corporate
clients, institutional investors and high-net-worth individuals.
Maxim Group is a registered broker-dealer with the U.S. Securities
and Exchange Commission and the Municipal Securities Rulemaking
Board (MSRB). To learn more about Maxim Group, visit
www.maximgrp.com.
About FreeCast, Inc.
FreeCast Inc.'s NextGen Streaming technology is reshaping the
landscape of community entertainment. This innovative solution
harnesses cutting-edge middleware, heralding a new era of
entertainment possibilities across diverse streaming media
industries and sectors. Through seamless integration with
smart-home TV systems, FreeCast empowers partners like
multi-dwelling units (MDUs), college campuses, hospitality
facilities, and healthcare centers to offer an elevated
entertainment experience. The benefits of this technology are vast.
Property managers and facility operators can enjoy significant
advantages, breaking free from cable contracts, establishing
recurring revenue streams, and providing a valuable amenity at
minimal additional cost. With FreeCast's NextGen Streaming
middleware, resident and guest satisfaction is heightened,
positively impacting overall property value. This transformative
technology signifies a paradigm shift in community entertainment,
promising increased convenience, cost-effectiveness, and
satisfaction for all involved.
Forward-Looking Safe Harbor Statement
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Actual results could differ materially from those discussed
due to known and unknown risks, uncertainties, and other factors,
including the risks and uncertainties associated with the
evaluation, pursuit and engagement in any particular transaction.
These forward-looking statements generally can be identified by the
use of words such as "expect," "plan," "anticipate," "could,"
"may," "intend," "will," "continue," "future," other words of
similar meaning and the use of future dates. These and additional
risks and uncertainties are described more fully in the company's
filings with the Securities and Exchange Commission. We are
providing this information as of the date of this press release and
do not undertake any obligation to update any forward-looking
statements contained in this document as a result of new
information, future events or otherwise, except as required by
law.
This press release shall not constitute an offer to sell or a
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 other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state or other
jurisdiction.
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