iPic® Entertainment Begins Trading Publicly On NASDAQ
February 01 2018 - 9:00AM
iPic® Entertainment Inc. (“iPic” or the “Company”) is pleased to
announce that its common stock will begin trading on the Nasdaq
today, February 1, 2018, at approximately 10:30 a.m. EST under the
ticker symbol “IPIC.”
TriPoint Global Equities, LLC, working with its
online division BANQ® (www.banq.co), was the Lead Managing Selling
Agent; Roth Capital Partners, LLC was the Institutional Placement
Book-Running Agent; and Telsey Advisory Group LLC (“TAG”) was the
Co-Manager for the offering.
“This is a significant milestone for iPic to now
be a publicly traded company and listing on the Nasdaq Stock Market
as we begin a new chapter for our company. We are committed to
executing on our business goals and the significant growth
opportunities ahead to deliver long-term shareholder value,” said
Hamid Hashemi, Founder & Chief Executive Officer. “Our entire
iPic team is dedicated and committed to providing our guests with a
world-class hospitality experience that is their favorite local
destination for a night on the town.”
For additional information on iPic®
Entertainment Inc., the offering and any other related topics,
please visit the iPic Investor Relations page at
investors.ipictheaters.com.
About iPic® EntertainmentEstablished in
2010 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 StatementsThis
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 have filed 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 been filed with the U.S. Securities and
Exchange Commission and has become qualified. The securities
offered by iPic Entertainment Inc. are highly speculative.
Investing in shares of common stock of iPic Entertainment Inc.
involves significant risks. The investment is suitable only for
persons who can afford to lose their entire investment.
Furthermore, investors must understand that such investment could
be illiquid for an indefinite period of time. No public market
currently exists for the securities, and there can be no assurance
that a public market will develop. For additional information on
iPic Entertainment Inc., the offering, and any other related
topics, please review the qualified Form 1-A offering circular that
can be found at the following location:
https://www.sec.gov/Archives/edgar/data/1720201/000121390018001071/f253g2_ipic.htm.
Additional information concerning Risk Factors related to the
offering, including those related to the business, government
regulations, intellectual property and the offering in general, can
be found at the following location:
www.banq.co/listings/ipic#documentation and select the Risk Factors
tab.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
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.
Investor Relations:
ICRMelissa Calandruccio,
CFAiPicIR@icrinc.com646-277-1273
Media Relations:
The Gab Group for iPic® Entertainment Corporate Michelle
Soudrymsoudry@thegabgroup.com 561-750-3500
Jonesworks Stephanie Jones/Michelle Boweripic@jonesworks.com
212-839-0111
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