Triton Funds Agrees to Invest up to $1 Million in Asset Entities
July 05 2023 - 7:00AM
Asset Entities Inc. (NASDAQ: ASST) (the “Company” or “Asset
Entities”), a provider of digital marketing and content delivery
services across Discord and other social media platforms, has
entered into a common stock purchase agreement (“Agreement”) with
investment firm Triton Funds LP (“Triton”), the nation’s largest
student venture investment fund, for an investment by Triton in the
Company’s common equity of up to $1 million. Triton is primarily
focused on investments that will have a lasting positive impact on
the Millennial generation with a portfolio of both private and
public companies.
As part of the Agreement, when Asset Entities
wishes to sell its common stock, it will first provide Triton with
a purchase notice, which sets forth the total number of shares of
class B common stock the Company intends to sell. Triton has agreed
to purchase up to $1.0 million of the Company’s class B common
stock through September 30, 2023, subject to the terms and
conditions in the Agreement.
“This expected investment from Triton Funds, an
investor who deeply understands and champions the needs and
aspirations of the Millennial generation is a tremendous
affirmation of our vision and strategy,” said Arshia Sarkhani,
Chief Executive Officer of Asset Entities. “This additional
expected funding allows us to further expand our offerings,
accelerate our growth, and deepen our impact on a generation that
is redefining success.”
Asset Entities intends to use any net proceeds
from the sale of its common stock to Triton for general corporate
and working capital purposes.
To learn about the AE.360.DDM suite of services,
go to ae360ddm.com or https://discord.gg/ae360ddm.
About Asset EntitiesAsset
Entities Inc. is a technology company providing social media
marketing, management and content delivery across Discord,
TikTok, Instagram, Twitter, and YouTube and other
social media platforms. Asset Entities is believed to be the
first publicly-traded Company based on the Discord
platform, where it hosts some of Discord’s largest social
community-based education and entertainment servers.
The Company’s AE.360.DDM suite of
services is believed to be the first of its kind for
the Design, Development
and Management of Discord community servers.
Asset Entities’ initial AE.360.DDM customers have included
businesses and celebrities.
The Company’s Social Influencer Network (SiN)
service offers white-label marketing, content creation, content
management, TikTok promotions, and TikTok consulting to clients in
all industries and markets. The
Company’s SiN influencers can increase the social media
reach of client Discord servers and drives traffic to their
businesses.
Learn more at assetentities.com, and follow
the Company on Twitter at $ASST and @assetentities.
Important Cautions Regarding Forward
Looking StatementsThis press release contains
forward-looking statements. In addition, from time to time,
representatives of the Company may make forward-looking statements
orally or in writing. These forward-looking statements are based on
expectations and projections about future events, which are derived
from the information currently available to the Asset Entities,
Inc. (the “Company”). Such forward-looking statements relate to
future events or the Company’s future performance, including its
financial performance and projections, growth in revenue and
earnings, and business prospects and opportunities. Forward-looking
statements can be identified by those statement that are not
historical in nature, particularly those that use terminology such
as "may," "should," "expects," "anticipates," "contemplates,"
"estimates," "believes," "plans," "projected," "predicts,"
"potential," or "hopes" or the negative of these or similar terms.
In evaluating these forward-looking statements, you should consider
various factors, including: (i) the Company’s limited operating
history; (ii) the Company’s ability to introduce new products and
services; (iii) regulatory and compliance requirements; and (iv)
other risks and uncertainties described herein, as well as those
risks and uncertainties that are described more fully in the
section titled “Risk Factors” in our last annual report on Form
10-K filed with the SEC and other reports filed with the SEC
thereafter. These and other factors may cause the Company’s actual
results to differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The
forward-looking statements contained in this press release are made
as of the date of this press release, and the Company does not
undertake any responsibility to update the forward-looking
statements in this release, except in accordance with applicable
law.
Company Contacts:Arshia Sarkhani,
President and Chief Executive OfficerMichael Gaubert,
Executive ChairmanAsset Entities Inc.Tel +1 (214)
459-3117 Email
Contact
Investor Contact:Skyline Corporate
Communications Group, LLCScott Powell, PresidentOne Rockefeller
Plaza, 11th FloorNew York, NY 10020Office: (646)
893-5835Email: info@skylineccg.com
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