Reebonz Announces Pricing of $10.8 Million Underwritten Public Offering
15 Abril 2019 - 9:15AM
Reebonz Holding Limited (the “Company” or “Reebonz”) (Nasdaq: RBZ),
a leading online luxury marketplace and platform in Southeast Asia
and Asia Pacific, today announced the pricing of an underwritten
public offering of 2,150,000 ordinary shares and 2,150,000
warrants to purchase ordinary shares at a combined offering
price of $5.00 per ordinary share and accompanying warrant. Each
ordinary share is being sold together with a warrant to purchase
one ordinary share. Each warrant will have an exercise price per
ordinary share of $5.00, will be immediately exercisable and will
expire on the fifth anniversary of the original issuance date.
Roth Capital Partners and Maxim Group LLC are acting as joint
book-running managers for the offering. Aegis Capital Corp is
acting as Co-Manager of the offering.
The gross proceeds of the offering are expected to be $10.8
million, before deducting underwriting discounts and commissions
and other estimated offering expenses. Reebonz has granted the
underwriters a 30-day option to purchase up to 322,500 ordinary
shares and/or warrants to purchase up to 322,500 ordinary shares to
cover over-allotments, if any. If the over-allotment option is
exercised in full, gross proceeds of the offering, before deducting
underwriting discounts and commissions and other estimated offering
expenses, are expected to be $12.4 million. The offering is
expected to close on April 17, 2019, subject to customary closing
conditions.
The ordinary shares and warrants described above are being
offered by Reebonz Holding Limited pursuant to a registration
statement on Form F-1 previously filed with and subsequently
declared effective by the Securities and Exchange Commission. A
final prospectus relating to the offering will be filed with the
SEC and will be available on the SEC’s website at
http://www.sec.gov. Copies of the final prospectus, when
available, may also be obtained from Roth Capital Partners, LLC,
888 San Clemente Drive, Newport Beach, CA 92660, (800) 678-9147 or
from Maxim Group LLC, Equity Syndicate Prospectus Department, 405
Lexington Avenue, 2nd Floor, New York, NY, 10022, or by telephone
at 1-212-895-3745.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities described herein,
nor shall there be any sale of the 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.
About Reebonz Headquartered in Singapore and
founded in 2009, Reebonz (pronounced “ribbons”) is the trusted
online marketplace and platform for buying and selling new and
pre-owned luxury products in the Asia Pacific region, including
Southeast Asia. Leveraging data and technology, Reebonz makes
luxury accessible by operating as an eco-system of B2C e-tail and
B2C marketplace for over 1,000 brands and 172 boutiques, supported
by C2C marketplaces that enable individuals to sell through its
platform. With an easy shopping experience, members can enjoy
convenient access to the selection of products that Reebonz sources
as well as from a curated collection of multi-brand luxury
boutiques from all around the world.
Forward-Looking and Cautionary Statements
Certain statements made in this release are “forward-looking
statements” within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words “estimates,”
“projected,” “expects,” “anticipates,” “forecasts,” “plans,”
“intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,”
“propose” and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside Reebonz’s control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
that may affect actual results or outcomes include: the ability to
regain compliance with and continue to meet NASDAQ’s listing
standards; Reebonz’s ability to manage growth; the reaction of
Reebonz customers and suppliers to its business combination; rising
costs adversely affecting Reebonz’s profitability; potential
litigation involving Reebonz’s intellectual property; and general
economic and market conditions impacting demand for Reebonz’s
products. See the risk factors disclosed in Reebonz’ registration
statement on Form F-1. Reebonz does not undertake any obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
For investor and media inquiries, please
contact: Reebonz Holding Limited |
ir@reebonz.com Christensen | Tip
Fleming | tfleming@ChristensenIR.com | Contact: +1 917 412
3333
For more information on Reebonz, please visit
www.reebonz.com
Stay connected with us: Facebook:
@Reebonz | Instagram: @ReebonzOfficial
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