BOCA RATON, Fla., Aug. 15, 2017 /PRNewswire/ -- iPic® Entertainment Inc. ("iPic" or the "Company"), today announced the intention to file a Regulation A+ initial public offering that allows all the loyal fans and theater goers along with everyone the opportunity to invest in its luxury restaurant-and-theater concept. For details, visit https://www.ipictheaters.com/#/invest/
iPic® Entertainment (iPic) strives to be a guest's favorite local destination for a night out on the town. Newest facilities blend three distinct areas – a polished-casual restaurant, a farm-to-glass full-service bar, and world-class luxury theater auditoriums – for a one-of-a-kind experience. iPic® believes their multi-faceted guest experience of dining, drinking and watching a movie in a luxurious setting, supported by ever changing Hollywood movies and other non-traditional content (such as concerts and eGaming) has helped to create a differentiated brand that is widely recognized and has no national direct competitor on the premium end of the market. The Company believes their concept is well-positioned within today's ever-increasing experiential economy. iPic® currently operates 121 screens at 16 locations in 10 states with additional 5 locations under construction and a pipeline of additional sites in various stages of development.
TriPoint Global Equities, LLC, working with its online division BANQ® (www.banq.co ), will act as the lead managing selling agent and bookrunner for the offering. The Company seeks to raise up to $30 million in its IPO under Regulation A+ in late fall 2017. In succession, and subject to New York Stock Exchange (NYSE) or NASDAQ requirements, the Company plans to list on a National Securities Exchange. iPic® intends to use the proceeds from the offering for key corporate purposes including working capital, general corporate purposes, including opening new iPics and renovating existing iPics. Individuals interested in learning more about the iPic Entertainment Regulation A+ investment opportunity can register an indication of interest by visiting www.banq.co/listings/ipic.
"Since our inception in 2006, iPic® Entertainment has prided itself on building architecturally unique dining and entertainment destinations designed for sharing with a strong emphasis on genuine hospitality and world-class customer service. Today, as we announce our decision to transition from a private company to a public one, we are excited to empower our supporters and 1.7 million members to become part owners of the iPic® Entertainment brand experience and company," says Hamid Hashemi CEO and Founder.
About iPic® Entertainment Established in 2006 and headquartered in Boca Raton, FL, iPic® Entertainment is America's premier luxury restaurant-and-theater brand. A pioneer of the dine-in theater concept, iPic® Entertainment's mission is to provide visionary entertainment escapes, presenting high-quality, chef-driven culinary and mixology in architecturally unique destinations that include premium movie theaters and bar/restaurants. iPic® Theaters currently operates 16 locations with 121 screens in Arizona, California, Florida, Illinois, New Jersey, New York, Texas, Washington and Wisconsin and new locations planned for California, Connecticut, Philadelphia, and New York. For more information, visit www.ipic.com.
Forward-Looking Statements This press release may include ''forward-looking statements.'' To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as ''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the offering statement that we will file with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and iPic® Entertainment does not undertake any duty to update any forward-looking statements except as may be required by law.
Legal Disclaimer The offering will be made only by means of an offering circular. An offering statement on Form 1-A relating to these securities has not been filed with the Securities and Exchange Commission but has not yet become qualified.
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 these 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.
No money or other consideration is being solicited at this time with respect to such an offering, and if sent in response to these materials for such an offering, it will not be accepted. No securities may be sold, and no offer to buy securities can be accepted and no part of the purchase price can be received for an offering under Regulation A+ until an offering statement is qualified by the U.S. Securities and Exchange Commission, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. An indication of interest made by a prospective investor in a Regulation A+ offering is non-binding and involves no obligation or commitment of any kind.