VANCOUVER, British Columbia--(BUSINESS WIRE)--NuriFlex Holdings Inc. announced that its US subsidiary, NuriFlex Inc. (the “Company”), has entered into an agreement with seriesOne Securities LLC and intends to raise, subject to market conditions and other factors, up to $40.0 Million from potential investors (the “Offering”).
The Company is proposing to issue up to 50,000,000 shares of its Class A Common Stock (the “Securities”) to raise up to $40.0 Million in the Offering.
The Company intends to use the net proceeds from the offering for working capital, operating expenses and capital expenditures, including Advanced Metering Infrastructure in order to speed up the adoption of digital wallets and digital token exchange platforms. Moreover, the Company seeks to further develop and deliver more e-wallet subscribers, and the majority of the investment in the business operations of the Company is intended to support and expand the environment and account holder base for the Company’s business. While the business initially will be limited to facilitating the exchange of electricity account payment tokens using E-Tokens, the Company intends to further develop and leverage its business to enable other payment services and to facilitate the use of E-Tokens as an electronic medium of payment and exchange across all participating countries.
For more details, please go to https://secure.seriesone.com/deal/nuriflex.
This press release is not an offer to sell and is not soliciting an offer to buy any securities, nor will it constitute an offer, solicitation, or sale of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About NuriFlex Holdings Inc.
Located in Vancouver, BC, Canada, NuriFlex Holdings Inc. is a parent company to many of Nuri Group of Companies, including NuriFlex Inc. in USA and Nuri Telecom Co., Ltd. in South Korea. NuriFlex Group of Companies utilize telecommunication technologies and applications to supply a simple, convergent solution for the utilities industry and blockchain based trading platform. We provide a complete energy IoT solution which enhances the utility of connected micro and smart grids throughout our clients’ systems. NuriFlex Group of Companies are one of the leading solution providers in the international AMI field. Our aggressive focus on untapped markets in Africa, Middle East and South America complements our established business lines in more advanced markets in Western Europe and Asia. The blockchain platform will be NuriFlex Group’s next-generation business. Our existing solutions (AMI, IOT, Micro-Grid, EMS, VOIP, TVWS) will be integrated with our blockchain technology to make us one of the top integrated solution providers in the international market. Learn more at www.nuri.ca.
seriesOne is a leading blockchain based FinTech company formed by industry veterans with decades of expertise across technology, investment banking, venture capital, and financial compliance. The firm provides strategic counsel, regulatory compliance, fundraising infrastructure and access to a proprietary network of investors worldwide. All seriesOne services are conducted under US Securities and Exchange Commission ("SEC") exemptions such as Regulation D and S, enabling companies to register, market, and escrow fundraising initiatives. Learn more at www.seriesone.com.