Moxian, Inc. (NASDAQ:MOXC) Files S-3 with SEC for Future Offerings of up To $50 Million(NetworkNewsWire) Moxian, Inc. (
Moxian is a high technology firm which is transitioning away from non-paid beta platforms to paid Moxian+ for its 31,600 SME clients. It will offer them a comprehensive suite of paid online services. The company will also offer its 300,000+ consumer base the Moxian+ User app. Moxian's revenue streams come from premium subscription services, 3-5% payments on transactions through its platform, mobile advertising and distribution license fees. The company is based in Shenzhen, China, and it is expanding into Shanghai and Guangzhou.
In November 2016, the company was uplisted to NASDAQ after raising $8.5 million net in a public equity offering. Future offerings described in the SEC S-3 filing can involve any combination of securities, including Moxian common shares, senior debt, subordinated debt, warrants, debt securities, or other securities. No new offering is effective yet.
Moxian intends to use the proceeds from these future offerings for general corporate purposes. The precise use would be determined at a future date, based upon funding requirements and the cost of capital, and they would be detailed in a future prospectus supplement for a specific offering, the company said.
For more information, visit www.Moxian.com
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