Fundamental Global Inc. (FGF), a Nasdaq-listed company, has submitted an S-3 registration statement to the SEC in the United States to raise up to 5 billion USD.
The majority of the funds raised will be used to buy Ethereum, alongside supporting the company's operational activities. FGF plans to issue securities flexibly, adjusting the scale and conditions according to market fluctuations.
MAIN CONTENT
FGF plans to raise 5 billion USD through the S-3 registered securities issuance at the SEC in the United States.
The main source of capital used to buy Ethereum, the remaining part supports the company's operations.
Issuing securities in multiple phases, adjustable based on the market and agreements with ThinkEquity.
How has FGF registered to issue securities?
FGF has submitted a S-3 registration statement with the U.S. Securities and Exchange Commission (SEC), allowing the company to issue single or multiple rounds of securities with a total value of up to 5 billion USD. This filing includes both a base prospectus and an at-the-market (ATM) offering of up to 4 billion USD of common stock.
The issuance of securities will occur in multiple phases or gradually depending on capital market developments and investment demand. If no shares are sold under the ATM model, FGF can fully implement the issuance of 5 billion USD through other channels.
The entire offering will comply with the current limits and capital management regulations set by the SEC, ensuring transparency and legal compliance.
What does FGF use the raised funds for?
The majority of the raised funds will be used to invest in buying Ethereum, this is a strategy aimed at enhancing the company's asset value in the cryptocurrency market. The remaining part will be spent on operational and business development activities.
This strategy reflects FGF's long-term vision to leverage the growth potential of Ethereum in combination with its core business operations. Diversifying the purpose of fundraising helps both develop valuable digital assets and maintain stable business performance.
The flexible issuance of securities allows us to take advantage of market opportunities and respond promptly to fluctuations, while effectively supporting the investment strategy in Ethereum.
Statement from the leadership of Fundamental Global Inc., 2024
How will FGF issue shares and under what agreement?
FGF has entered into an agreement with ThinkEquity, LLC to implement the issuance of shares in an at-the-market (ATM) format. Accordingly, the company can sell shares in parts, in phases according to the market situation without waiting for a large issuance.
This mechanism provides high flexibility in financial instability and price volatility, allowing the company to easily adjust the issuance levels, sale prices, and trading conditions according to reality. This optimizes fundraising capabilities and reduces risks for both investors and the company.
What legal requirements govern FGF's capital issuance?
All of FGF's securities issuance activities must strictly comply with SEC regulations in the United States, including standards for transparency reporting and current market capitalization thresholds. The company needs to update its filings promptly and meet the conditions set by the regulatory agency.
This regulation aims to ensure fairness, transparency for investors, and stability in the stock and cryptocurrency markets. Compliance with the law helps FGF maintain its reputation with investors and in the legal environment.
Frequently Asked Questions
How much capital has FGF registered to issue securities?
FGF has registered to issue securities with a maximum value of 5 billion USD under the S-3 filing with the SEC in the United States.
What is the main purpose of raising funds?
The majority of the capital is used to buy Ethereum, with the remainder supporting the company's business operations.
What form of stock issuance does FGF use?
The company issues shares under the at-the-market (ATM) model through an agreement with ThinkEquity.
Does the issuance of securities comply with any regulations?
FGF fully complies with SEC regulations regarding capitalization limits and transparency reporting.
Can FGF adjust the scale of issuance?
The company is allowed to flexibly adjust the scale, pricing, and issuance conditions based on the market.
Source: https://tintucbitcoin.com/ethereum-huy-dong-5-ty-usd-mua-coin/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
