SYDNEY, HONG KONG AND NEW
YORK, July 6, 2021
/PRNewswire/ -- Integrated Media Technology Limited (NASDAQ:
IMTE) ("IMTE" or the "Company"), announces today that entered into
three (3) Securities Purchase Agreements with three accredited
investors ("Investors") for the total sale of 888,888 ordinary
shares of, no par value, of the Company ("Ordinary Shares") at a
price of US$3.15 per share (the "Cash
Offerings"). The total Cash Offerings are for US$2,800,000.
The Company intends to use the net cash proceeds from the Cash
Offerings to purchase equipment for
its electronic glass business and
working capital.
Mr. Con Unerkov, Chairman of IMTE stated, "This is a positive
move to further build our electronic glass business and strengthen
our capital base of the Company".
The Offering is being made pursuant to the Company's "shelf"
Registration Statement on Form F-3 (File No. 333-227741), as filed
with the Securities and Exchange Commission ("SEC") on October 9, 2018 and declared effective by the SEC
on October 19, 2018. The Ordinary
Shares are being offered only in the
United States by the means of a prospectus supplement. The
prospectus supplement and the accompanying prospectus relating to
the registered direct offering is expected to be filed with the SEC
on July 7, 2021. Electronic copies of
the prospectus supplement and the accompanying prospectus relating
to the registered direct offering may be obtained, when available,
at the SEC's website at http://www.sec.gov.
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
these securities in any state or 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
jurisdiction. The securities are being be offered only by means of
a prospectus, including a prospectus supplement and accompanying
base prospectus, forming a part of the effective registration
statement.
The Company advises investors to review the full details of the
transaction in the report on Form 6-K to be filed with the SEC or
the investor relations section of the Company's website.
About Integrated Media Technology Limited ("IMTE")
IMTE is an Australian company engaged in the business of
glasses-free 3D (also known as autostereoscopic 3D) display, the
manufacture and sale of nano coated plates for filters, the
manufacturing and sale of electronic glass and financial research.
For more information, please visit www.imtechltd.com.
Safe Harbor Statement
This press release contains certain statements that may include
"forward-looking statements." All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are often
identified by the use of forward-looking terminology such as
"believes," "expects" or similar expressions, involve known and
unknown risks and uncertainties. Although the Company
believes that the expectations reflected in such forward-looking
statements are reasonable, they do involve assumptions, risks, and
uncertainties, and these expectations may prove to be incorrect.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
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SOURCE INTEGRATED MEDIA TECHNOLOGY LIMITED