Asset Entities Inc (ASST) Files S-3

April 16, 2024 8:10 AM EDT

Asset Entities Inc. (NASDAQ: ASST), a provider of digital marketing and content delivery services across Discord and other social media platforms, and Ternary Payment Platform company, which just over a year ago became the first sub-Discord technology company to go public on Nasdaq, announces that it has filed a Form S-3 shelf registration statement (the “S-3”) with the U.S. Securities and Exchange Commission (“SEC”).

Once the registration statement becomes effective, Asset Entities may offer to the public from time to time, in one or more offerings, shares of class B common stock, preferred stock, debt securities, warrants, subscription rights, and units up to a total aggregate offering amount of $100,000,000. The securities will be offered at prices and on terms to be determined at the time of any such offering. The specifics of any potential future offerings, along with the use of proceeds of any such securities offered by Asset Entities, would be described in detail in a prospectus supplement at the time of any such offering. However, Asset Entities is not selling any securities from the shelf registration statement at this time. Asset Entities believes that a shelf registration on Form S-3 will provide greater flexibility to raise capital in the future.

Our registration statement on Form S-3 has not yet been declared effective by the SEC. The securities described in it may not be sold and offers to buy may not be accepted prior to the time the registration statement becomes effective. 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 the securities in any state or other 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 other jurisdiction.

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