BEIJING, Aug. 24, 2021 /PRNewswire/ -- Puhui Wealth
Investment Management Co., Ltd. (Nasdaq: PHCF) ("Puhui" or the
"Company"), a third-party wealth management service provider with a
focus on wealth management services for high net worth individuals
and corporate clients, today announced that it closed a registered
offering of a 10% Original Issue Discount Convertible Subordinated
Debenture in the principal amount of $2,750,000 ("Debenture") as of August 20, 2021.
After deducting the placement agent's commissions and other
offering expenses payable by the Company, the net proceeds to the
Company are approximately $2.1
million. The Company intends to use the net proceeds of the
offering for working capital and general corporate purposes.
Joseph Stone Capital, LLC acted as the exclusive placement agent
in connection with the offering.
The offering was made pursuant to a registration statement on
Form F-3 (SEC File No. 333-245003), previously filed with
the Securities and Exchange Commission ("SEC")
on August 12, 2020, subsequently amended and declared
effective on November 10, 2020. A prospectus supplement
describing the terms of the offering has been filed with the SEC
and is available on the SEC's website located
at www.sec.gov.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, nor may there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Puhui Wealth Investment Management Co., Ltd.
Headquartered in Beijing, China
and founded in 2013, Puhui is a third-party wealth management
service provider focusing on marketing financial products
(including private equity and other diversified products and
services) to, and managing funds for, individuals and corporate
clients in the PRC. On December 27,
2018, the Company's ordinary shares were listed and began
trading listed on the Nasdaq Capital Market (ticker: PHCF).
Additional information about Puhui can be found at the Company's
corporate website: www.puhuiwealth.com.
Forward Looking Statement
This news release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that indicate future
events or trends or are not statements of historical matters. These
statements are based on our management's current expectations and
beliefs, as well as a number of assumptions concerning future
events.
Such forward-looking statements are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside of our control and all of which could cause
actual results to differ materially from the results discussed in
the forward-looking statements. Accordingly, forward-looking
statements should not be relied upon as representing our views as
of any subsequent date, and we do not undertake any obligation to
update forward-looking statements to reflect events or
circumstances after the date they were made, whether as a result of
new information, future events or otherwise, except as may be
required under applicable securities laws. Factors that could cause
actual results to differ materially from those expressed or implied
in forward-looking statements can be found in our reports filed
with the SEC, which are available, free of charge, on the SEC's
website at www.sec.gov.
Investor Relations:
The Equity Group
Inc.
|
In China
|
Adam Prior, Senior
Vice President
|
Lucy Ma,
Associate
|
(212)
836-9606
|
+86 10 5661
7012
|
aprior@equityny.com
|
lma@equityny.com
|
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SOURCE Puhui Wealth Investment Management Co., Ltd.