Statement Relating to iPic® Entertainment’s
Initial Public Offering is Now Qualified
It’s Showtime! iPic®
Entertainment is Now Accepting Investments
BOCA RATON, FL (January 17, 2018) – iPic® Entertainment Inc. (“iPic” or the
“Company”), today announces that the Offering Statement on Form 1-A relating to
its $40 million Initial Public Offering has been qualified and investors may
now submit firm indications of interest at ipic.com/invest. The Company is offering 2,165,000 shares at
$18.50 per share. iPic® has applied to list its common stock on Nasdaq under
the ticker symbol “IPIC.” All orders must be placed with funds cleared by Monday,
January 29, 2018.
Global Equities, LLC, working with its online division BANQ® (www.banq.co), will act as the Lead Managing Selling Agent;
Roth Capital Partners, LLC will act as the Institutional Placement Book-Running
Agent; and Telsey Advisory Group LLC (“TAG”) will act as Co-Manager for the
seeks to raise $40 million in its IPO under Regulation A+, and intends to use
the proceeds from the offering for general corporate purposes, including
opening new iPic® locations and renovating existing iPics.
interested in investing and learning more about the iPic® Entertainment
investment opportunity can place a firm indication of interest by visiting ipic.com/invest. For additional information on iPic®
Entertainment Inc., the offering and any other related topics, please review
the Form 1-A offering circular that can be found at the following location (http://bit.ly/ipic-oc).
excited to officially begin offering shares of iPic to prospective investors,”
said Hamid Hashemi, founder and CEO. “This offering will help the Company
execute on the significant growth opportunities ahead to open new iPic
locations and deliver its world-class hospitality experience to more of its
fans around the country.”
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.
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 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.
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: http://bit.ly/ipic-oc. 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.
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