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Network 1 Financial Group, Inc. (NTFL)

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COMPANY WEBSITE: http://network1.com/

 

LFIN IPO DOCUMENT: https://www.sec.gov/Archives/edgar/data/1699683/000169968317000037/pos9.htm

 (1) We have entered into an Underwriting Agreement with Network 1 Financial Securities, Inc. (the “Underwriter”) to conduct this offering on a “best efforts” basis. We have agreed to pay the Underwriter a cash fee equal to (i) 7% of the gross proceeds from the first 3,000,000 shares ($15,000,000) sold in this offering and (ii) 3% of the gross proceeds from the sale of the last 7,000,000 shares ($35,000,000) sold in this offering. We have also agreed to issue the Underwriter warrants to purchase an amount of shares equal to 6% of the shares sold in this offering for $7.50 (150% of the offering price) per share exercisable from six-month date from the date of issuance until June 16, 2022, the fifth anniversary of the date this offering was qualified by the Securities and Exchange Commission. See “Plan of Distribution and Selling Security Holders” for more information on this offering and the underwriter arrangements.          

We have agreed to pay the Underwriter a cash fee equal to (i) 7% of the gross proceeds from the sale of first 3,000,000 shares ($15,000,000) sold in this offering and (ii) 3% of the gross proceeds from the sale of the next 7,000,000 shares ($35,000,000) sold in this offering. The Underwriter may allow, and certain dealers may re-allow, a discount from the concession to certain brokers and dealers. After this offering, the initial public offering price, concession and reallowance to dealers may be changed by the representatives. No such change shall change the amount of proceeds to be received by us as set forth on the cover page of this prospectus. The shares are offered by the Underwriter as stated herein, subject to receipt and acceptance by them and subject to their right to reject any order in whole or in part. 

We have also agreed to pay the Underwriter a non-accountable expense allowance equal to 2% of the gross proceeds of the offering for the first 3,000,000 shares ($15,000,000) sold in this offering up to $300,000. In addition, the Company agrees to reimburse the Underwriter for expenses relating to the offering, including all actual fees and expenses incurred by the Underwriter in connection with the Underwriter’s “road show” expenses evidenced by invoices, and the fees and expenses of the Underwriter’s counsel which, in the aggregate shall not exceed $75,000, less the $25,000 payment previously paid by the Company to the Underwriter pursuant to the  Engagement Agreement, dated June 30, 2017, between the Company and the Underwriter.

Underwriters Agreement:
https://www.sec.gov/Archives/edgar/data/1699683/000169968317000033/ua_amended.htm 
       

NETWORK 1 FINANCIAL CORP UNDERWRITER RECENT IPO TRANSACTIONS

http://network1.com/recent-transactions/

*CO-UNDERWRITING WITH BOUSTEAD SECURITIES

NOVEMBER 2017
HEXINDAI, INC
NASDAQ SYMBOL: HX
$50 MILLION IPO

AUGUST 2017*
CHINA INTERNET NATIONWIDE FINANCIAL SERVICES, INC
NASDAQ SYMBOL: CIFS
$20.23 MILLION IPO

AUGUST 2017*
DRAGON VICTORY INTERNATIONAL LIMITED
NASDAQ SYMBOL: LYL
$8.5 MILLION IPO

JULY 2017
CO-DIAGNOSTICS INC
NASDAQ SYMBOL: CODX
$7.07 MILLION IPO

JUNE 2017*
ADOMANI
NASDAQ SYMBOL: ADOM
$14.3 MILLION IPO

SEPTEMBER 2016
SHINECO, INC
NASDAQ SYMBOL: TYHT
$7.7 MILLION IPO

JUNE 2016
MOLECULIN
NASDAQ SYMBOL: MBRX
$9.24 MILLION IPO

NOVEMBER 2015
FULING GLOBAL INC
NASDAQ SYMBOL: FORK
$20 MILLION IPO

NETWORK 1 FINANCIAL CORP UNDERWRITER RECENT PRIVATE PLACEMENTS

NOVEMBER 2016
ID GLOBAL
NASDAQ SYMBOL: IDGS
$1.20 MILLION
PLACEMENT AGENT

AUGUST 2016
GROW BLOX SCIENCES
OTCBB SYMBOL: GBLX
$3.00 MILLION
PLACEMENT AGENT

AUGUST 2016
ID GLOBAL
NASDAQ SYMBOL: IDGS
$1.50 MILLION
PLACEMENT AGENT

APRIL 2016
ID GLOBAL
NASDAQ SYMBOL: IDGS
$1.50 MILLION
PLACEMENT AGENT

MARCH 2016
PROVECTUS BIOPHARMACEUTICALS, INC
NASDAQ SYMBOL: PVCT
$2.58 MILLION
FINANCIAL ADVISOR

DECEMBER 2015
GROW BLOX SCIENCES
OTCBB SYMBOL: GBLX
$3.1 MILLION
PLACEMENT AGENT

DECEMBER 2015
JERRICK MEDIA HOLDINGS, INC
OTCQB SYMBOL: JMDA
$0.6 MILLION
PLACEMENT AGENT

NOVEMBER 2015
LONG ISLAND ICED TEA CORP
NASDAQ SYMBOL: LTEA
$1.3 MILLION
PLACEMENT AGENT

NOVEMBER 2015
TURN POINT MEDICAL DEVICES, INC
NASDAQ SYMBOL: TPB
$0.7 MILLION
PLACEMENT AGENT

JULY 2015
JERRICK MEDIA HOLDINGS, INC
OTCQB SYMBOL: JMDA
$2.35 MILLION
PLACEMENT AGENT

APRIL 2015
LEGACY EDUCATION ALLIANCE
OTC SYMBOL: LTEA
0.5 MILLION
PLACEMENT AGENT

MARCH 2015
ELIO MOTORS
NASDAQ SYMBOL: ELIO
$5.3 MILLION
PLACEMENT AGENT

Additional filings on NASDAQ.COM:

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjn_MPq75fYAhWSSd8KHWzsDpIQFggnMAA&url=http%3A%2F%2Fwww.nasdaq.com%2Fmarkets%2Fipos%2Foffering-history.aspx%3Fexpert%3Dnetwork%2B1%2Bfinancial%2Bsecurities%252C%2Binc.&usg=AOvVaw0-WLShWPTfIiAywjkfDLhO

 

Recent Headlines:

https://insiderfinancial.com/network-1-financial-group-inc-otcmktsntfl-gets-a-close-look

https://www.globenewswire.com/news-release/2017/09/06/1108616/0/en/Longfin-NASDAQ-LFIN-Appoints-Network-1-as-Lead-Underwriter-as-it-Ramps-Up-for-its-Proposed-Listing-on-NASDAQ.html

"New York, NY, Sept. 06, 2017 (GLOBE NEWSWIRE) -- LongFin Corp. (NASDAQ:LFIN), today announced its initial public offering of 10,000,000 shares of its Class A common stock at a public offering price of $5.00 per share. The shares are expected to begin trading on the NASDAQ in October 2017, under the ticker symbol “LFIN”. Network 1 Financial Securities, Inc. is acting as lead book-running manager and underwriter for the offering."

$NTFL was entitled to buy 600k $LFIN shares at $7.50 each...they are now worth 10x that price

600k x $80(current price) = $48m   THEY ARE CURRENT TRADING AT AN 11M MARKET CAP
      
                                                                                                                 


 

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#464  Sticky Note https://insiderfinancial.com/network-1-financial-group-inc-otcmktsntfl-gets-a-cl Anna2001 12/21/17 03:35:44 PM
#904   http://primestarbitumen.com/turner-releases-a-letter-to-shareholders-from-ceo-st KelliBlue 04/10/18 09:24:40 AM
#903   $NTFL looking not so good currently. SunshineSmiles 04/01/18 04:35:18 AM
#902   What do you think it has really going NeatoGang 03/27/18 11:44:41 AM
#901   http://network1.com/recent-transactions/ KelliBlue 03/26/18 10:44:26 AM
#900   If your patience you will end up making LongtermLopes 03/24/18 12:48:20 AM
#899   Think it’s headed back up? My average is NeatoGang 03/20/18 11:07:01 PM
#898   It was painted down the previous session LongtermLopes 03/20/18 11:06:04 PM
#897   Up tremendously today, but on tiny volume NeatoGang 03/20/18 03:39:33 PM
#896   $25M Preferred stock placement with Network 1 Securities, beer$$money 03/16/18 06:48:32 PM
#895   Good DD. Thanks! -Mjolnir- 03/16/18 06:41:16 PM
#894   Investor Relations working with Network 1 Securities (NTFL) beer$$money 03/16/18 05:19:45 PM
#893   Thanks for sharing Regards TURCH 03/06/18 07:54:49 AM
#892   Nice article from the Insider Financial today about SunshineSmiles 03/05/18 08:18:50 PM
#891   Glad to see the spread finally tightening up here. -Mjolnir- 03/05/18 12:27:42 PM
#890   Best vol day in a long time! Let’s TURCH 02/28/18 07:20:45 PM
#889   Nice buys all day long KelliBlue 02/28/18 04:28:28 PM
#888   The TVOG news has been better for ntfl KelliBlue 02/28/18 02:37:22 PM
#887   $NTFL working its magic in March. SunshineSmiles 02/28/18 02:26:32 PM
#886   Looks like another run to $1, with 7 TURCH 02/28/18 10:56:02 AM
#885   FANTASTIC NEWS Out... $25 Million funded by the KelliBlue 02/28/18 09:15:14 AM
#884   https://cdn.discordapp.com/attachments/334488467775946752/418200750024294400/ima KelliBlue 02/27/18 07:21:35 PM
#883   TVOG Form 10 filed Now-Link. PR's tomorrow and KelliBlue 02/27/18 04:34:37 PM
#882   Network 1 Financial is the Investment Banker helping KelliBlue 02/22/18 06:12:02 PM
#881   Soooo buy buy buy?? masahirox 02/22/18 02:21:20 PM
#880   The Company has successfully executed a binding Purchase KelliBlue 02/22/18 11:18:30 AM
#879   I hope not too just was dead in DaveDexter 02/21/18 03:46:30 PM
#878   Subsidiary BD firm filings from last August. https://www.sec.gov/cgi-bin/browse- elevate333 02/21/18 12:51:38 PM
#877   The company isn't talking, so we're going nowhere elevate333 02/21/18 12:43:21 PM
#876   I guess it’s not since there was no KelliBlue 02/21/18 07:27:47 AM
#875   No ones posted in a while guess it DaveDexter 02/21/18 12:48:28 AM
#874   Hidden gem ItalStallion 02/08/18 02:35:45 PM
#873   No love for NTFL? -Mjolnir- 02/08/18 10:37:13 AM
#872   "The stock market is a device for transferring xevanchan 02/08/18 10:02:13 AM
#871   its too bad this could have been great...I Mrs. Claus 02/07/18 12:46:52 PM
#870   company hiding from shareholders sad sad individuals Mrs. Claus 02/07/18 12:45:37 PM
#869   Please someone dump this so my fills will KelliBlue 02/06/18 10:53:04 AM
#868   So. The economy’s collapsing. Zanias 02/05/18 01:52:17 PM
#867   The partner has been discussed here many times. SunshineSmiles 02/04/18 11:38:29 PM
#866   Which partner? hispeedsoul 02/03/18 03:26:49 PM
#865   Think I’ll take some $TVOG too Share Structure as KelliBlue 02/03/18 01:01:31 AM
#864   NTFL is a winner, no doubt about that. xevanchan 02/02/18 10:00:59 AM
#863   Legit business which so much more to give. $NTFL SunshineSmiles 01/31/18 10:20:37 PM
#862   I’ve added quite a few as well last TURCH 01/31/18 08:10:37 PM
#861   It’s a beast KelliBlue 01/31/18 07:41:16 PM
#860   Once this wakes up.... QUANTUM314 01/31/18 05:36:08 PM
#859   Grabbed those .10s on a limit buy order, KelliBlue 01/31/18 01:12:20 PM
#858   $NTFL shareholders are selling their shares to buy SunshineSmiles 01/30/18 11:04:18 PM
#857   Exactly elevate. $NTFL came alive because of one SunshineSmiles 01/28/18 08:12:52 PM
#856   I just don't understand why more eyes aren't elevate333 01/28/18 02:06:56 PM
#855   There is more to it than that. SunshineSmiles 01/26/18 06:33:48 PM
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