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NextPlay Technologies Longroot Selected by Ample Health to Lead Security Token Offering
Ample Health is an emerging cannabis company operating from seed to sale in Southeast Asia. The company is looking to use the proceeds from its STO to fund its development and global expansion.
Longroot will be responsible for structuring the offering and raising the initial capital to fund the STO. This will involve developing the registration statements for all relevant jurisdictions, including preliminary and final prospectuses. It intends to lead Ample through the entire regulatory approval process, and then assist in the pricing and launching the STO through the Longroot portal.
"This Ample Health STO represents a tremendous opportunity for us to represent a major client in the fast-growing global cannabis space," commented Todd Bonner, director of Longroot (Thailand) Limited and chairman of NextPlay Technologies. "Once complete, we believe it will represent the first of many successful STOs for Longroot that we are currently advancing in our pipeline."
Ample Health looks to take advantage of the global cannabis market which is projected to grow at a 32% compounded annual growth rate from $28.3 billion in 2021 to $197.74 billion by 2028, according to Fortune Business Insights.
Akira Wongwan, CEO and co-founder of Ample Health, commented: "We selected Longroot to lead our STO due to its experienced management and well-established presence in the digital offering marketplace, as well as its Thai federal government licensing and oversight. Together, we believe this will ensure a highly-successful STO and the launch of our global cannabis platform."
The proposed offering targets to raise between USD $100-250 million. Longroot will receive a management and placement fee on the proceeds raised due immediately upon closing of the offering, which is expected to occur by the summer of 2022.
Disclaimer
The information included in the press release is for informational purposes only. It is not intended to be, nor should it be construed as, an offer or solicitation for the purchase or sale of any financial instrument, security or digital currency, or as an official confirmation of any transaction. All market information, data and other information included herein are not guaranteed as to completeness or accuracy and are subject to change without notice.
This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Ample Health and will contain detailed information about the company and management, as well as financial statements.
About Ample Health
Ample Health is an emerging cannabis company operating from seed to sale in Southeast Asia. It is focused on bringing synergy between growers, extractors, retailers and regulators, to help them compete in the domestic and international cannabis market and creating a fair and sustainable industry for all.
About Longroot
Authorized and regulated under global-leading Thai federal digital asset business law and licensed by the Securities & Exchange Commission of Thailand, Longroot (Thailand) Limited provides fully regulated and licensed digital asset financing and investment services for digital assets. Longroot is focused on creating regulated cryptocurrencies used in wholesale travel, real estate and hotels, gaming assets, insurance and digital advertising. As a Thailand-based corporation, Longroot is indirectly controlled by NextPlay Technologies. For more information, go to longroot.co.th.
About NextPlay Technologies
NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay's engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. For more information about NextPlay Technologies, visit www.nextplaytechnologies.com and follow us on Twitter @NextPlayTech and LinkedIn.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "intends," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Factors that may cause such a difference include risks and uncertainties including, and not limited to, our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a significant material adverse impact on the travel industry and our business, operating results and liquidity; current regulation governing digital currency activity is often unclear and is evolving; the future development and growth of digital currencies are subject to a variety of factors that are difficult to predict and evaluate, many of which are out of our control; the value of digital currency is volatile; amounts owed to us by third parties which may not be paid timely, if at all; certain amounts we owe under outstanding indebtedness which are secured by substantially all of our assets and penalties we may incur in connection therewith; the fact that we have significant indebtedness, which could adversely affect our business and financial condition; our revenues and results of operations being subject to the ability of our distributors and partners to integrate our alternative lodging rental (ALR) properties with their websites, and the timing of such integrations; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may adversely affect the financial strength of our business partners; the officers and directors of the Company have the ability to exercise significant influence over the Company; stockholders may be diluted significantly through our efforts to obtain financing, satisfy obligations and complete acquisitions through the issuance of additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could be harmed; our travel business depends substantially on property owners and managers renewing their listings; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our long-term success depends, in part, on our ability to expand our property owner, manager and traveler bases outside of the United States and, as a result, our business is susceptible to risks associated with international operations; unfavorable changes in, or interpretations of, government regulations or taxation of the evolving ALR, Internet and e-commerce industries which could harm our operating results; risks associated with the operations of, the business of, and the regulation of, Longroot and NextBank International (formerly IFEB); the market in which we participate being highly competitive, and because of that we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could harm our business; the volatility of our stock price; the fact that we may be subject to liability for the activities of our property owners and managers, which could harm our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. More information about the risks and uncertainties faced by NextPlay are detailed from time to time in NextPlay's periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, under the headings "Risk Factors". These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Company's future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
SOURCE: NextPlay Technologies, Inc.
Company Contacts:
NextPlay Technologies, Inc.
Richard Marshall
Director of Corporate Development
Tel: (954) 888-9779
Email: [email protected]
Ample Health
Akira Wongwan
Founder
Tel: 0869778788
Email: [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comNextPlay Technologies, Inc. (NASDAQ: NXTP), a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, reported that its licensed Longroot digital token offering platform will serve as the financial advisor and underwriter for Ample Health's ('Ample') proposed security token offering (STO).
IQeon Announces Its Expansion from a Gaming Project into a Fintech Project
IQeon has developed IQEX - a line of new products and services that brings together fintech areas like personal finance, payments, transfers, security, AI and cryptocurrencies.
Vadim Dovguchits, CEO and Founder of IQeon, said: "Our goal is to create a self-sufficient environment for businesses and users, from the gaming industry to e-Commerce, from crypto trading with tokenised assets to shopping with your crypto card. We aim to unite worlds, taking only the best from them."
The IQeon gaming platform provides gamers around the world the opportunity to monetise their gaming achievements without intermediaries. These gamers would also compete in over 20 browser games of various genres, including shooters, races, platformers, puzzles and others.
Multiple game modes are available to players, such as single training, multiplayer free competitions, or matches for IQN token in which a player with the best result in a match receives the IQN reward.
The IQeon ecosystem consists of a catalogue of games for every taste. In fact, it incorporates the following features: IQClash - a mobile game portal, IQGamm - a guide with news, reviews and analysis of games and IQeon gaming platform itself (improved and updated).
In addition, the IQeon ecosystem has expanded its scope of activities by launching IQEX, the unique solution for the financial industry. The financial element, IQEX, comprises various projects: IQEX.io, easy cryptocurrency exchange; IQEX.pro, service for simple integration of accepting payments using cryptocurrencies, digital assets and fiat currencies; IQEX.com, an exchange for trading, exchanging and storing cryptocurrencies and digital assets; and other innovative solutions.
IQEX.io is a multi-currency exchange service which allows its users to exchange, trade digital and fiat assets profitably and quickly. Users can exchange the IQN tokens received on the IQeon platform for other digital assets and cryptocurrencies, as well as E-money. More so, users can purchase tokens and cryptocurrencies for fiat money by using IQEX.io exchanger. To increase its reliability and guarantee the stability of transactions at every stage, IQEX.io exchange has officially been registered in the European Union and has all the necessary permits.
IQEX.pro is a global cryptocurrency payment gateway which allows users to accept and process cryptocurrency payments. This service ensures prevention of chargebacks, high payment limits, easy integration with more than 10 major E-commerce CMS and so on. This universal tool is specifically designed to maximise B2B interaction and integration of IQEX financial solutions with third-party services and ecosystem partners.
IQEX.com is a trading platform that enables users to trade in various trading pairs of tokenised assets including cryptocurrencies, digital and fiat assets, shares of companies, gold and oil from the stock market, commodity market and cryptocurrency market. Some of the unique features of this service include: operating with the most popular blockchains, ensuring secure payments and high speed processing, and a wide range of financial assets for trading. The stability of this system will be ensured by cloud servers with dynamic allocation of resources and the possibility of margin trading. However, this product is still in beta testing.
In addition, the IQeon ecosystem is set to develop more groundbreaking projects which will improve its existing products and services. Among these are the IQeon Wallet (the IQEX Pay project), which will enable users to safely store and manage IQN and other altcoins; IQCard.com, a payment card with a personalised bonus programme; and IQShop.com, a marketplace for a wide range of unique products and services. The IQEX payment system will serve as a bridge between Ethereum, Binance Smart Chain, Solana and Tron blockchains enabling cheaper transactions for IQN tokens.
IQeon has secured strategic partnerships with leading innovative leaders. They are the best developer teams and committed financial institutions whose interests include cryptocurrency and the gaming industry. Some of these partnerships are: The European Fintech Alliance, Fractal, Flipside Crypto, Coingecko, eGamers.io, PlayToEarn.net, Blockfolio, Castle Crypto and more.
IQeon ecosystem's native token - IQN token - is built on the Ethereum network and supports the ERC-20 standard which ensures the token is compatible with third-party services like wallets, exchanges, listings, etc. It also allows easy integration with these services. Plus, the IQN token can be utilised in the financial industry as a flexible tool to motivate activity and reward successful users. It is equally used for giving bonuses, tracking trading history and marketing.
Furthermore, IQN can be used to get discounts on exchanger fees, to pay with IQN tokens for goods in partner shops, to pay in IQN incentive rewards to winners of competitions and so on. The storage and transaction of IQN digital assets are supported by non-custodial wallets like Metamask, TrustWallet, imToken, Atomic Wallet, Freewallet, and Trezor hardware wallet.
About IQeon
IQeon is a European startup developing cutting-edge technological products in the world of gaming and blockchain. Currently, they have evolved from a gaming project into a fintech one working in both gaming and financial areas.
Contact Media
Twitter: https://twitter.com/IQeon
Telegram: https://t.me/IQeon
Linkedln: https://www.linkedin.com/company/IQeon
Media contacts
Brand: IQeon
Contact: Hanna Lemeshevskaya
E-mail: [email protected]
Website: https://IQeon.io/
SOURCE: IQeon
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comIQeon, the PvP gaming platform which enables users to monetise their in-game achievements, has announced it is expanding from a gaming project into a fintech project.
LBank Exchange Weekly Listing Report, 24th January 2022
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