All of the funds were raised by way of private placement of restricted stock priced at or above market. Restricted stock of the Company is ineligible for public resale for a period of one year from investment.
"These funds pave the way for our new acquisition to be finalized. We plan to able to announce it shortly," said Chairman and CEO Christopher Petzel, "We are proud to have achieved this equity raise at or above market in the interest of our existing stockholders."
Emaji had previously released that it is currently seeking approval from Finra to complete its intended name and symbol change. The Company anticipates completing this process in the coming weeks prior to announcement of its first major acquisition.
Additional information about Emaji can be found in the Company's reports and filings at www.OTCMarkets.com, on the Emaji website at www.emaji.com and on Twitter at @emajinews.
About Emaji, Inc.:
Emaji, Inc. (OTC: EMJI), based in Irvine, California, is a publicly traded development stage company with two divisions: Entertainment and Ventures.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's reports and filings at http://www.OTCMarkets.com.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
SOURCE Emaji, Inc.