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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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PostSubject
#985   Also high probability it gets suspended by SEC.... pacman181 01/10/20 11:21:50 AM
#984   SunshineSmiles Wednesday, 10/09/19 07:54:37 PM Zardiw 01/08/20 07:21:44 AM
#983   If they ever released financials. PPS would be pacman181 01/08/20 02:58:07 AM
#982   It says 7M but you should really go Zardiw 01/07/20 08:39:35 AM
#981   Back to hibernation for next few years pacman181 11/14/19 04:21:39 PM
#980   Only 7 mil Float. This looks interesting. LadyAnge 10/18/19 11:16:23 AM
#979   There is no dilution..just no interest pacman181 10/17/19 08:44:55 PM
#978   Dilution dilution mars2063 10/16/19 10:57:50 AM
#977   TA share structure update on OTC last night Sobek 10/16/19 09:28:06 AM
#976   who knows man. certainly not me. lol SunshineSmiles 10/10/19 09:48:32 PM
#975   Nice volume last 2 days...something is up here..let pacman181 10/10/19 02:19:20 PM
#974   Looks like $NTFL is looking for accredited investors SunshineSmiles 10/09/19 08:28:55 PM
#973   SEC cracking down on companies not current in SunshineSmiles 10/09/19 07:54:37 PM
#972   Huge move today. What’s the word? Zanias 10/09/19 06:23:07 PM
#971   Grabbed some. Looks explosive getoffyourass 10/09/19 03:52:05 PM
#970   Its alive.. any communications from company and this pacman181 10/09/19 03:05:43 PM
#969   $NTFL $$$$$ TURCH 10/09/19 01:26:58 PM
#968   VOL hitting! TURCH 10/09/19 01:22:06 PM
#967   Hows that pump going for u..lol pacman181 09/20/19 01:45:37 PM
#966   So if your not pumping..what is your reasoning pacman181 08/12/19 04:41:14 PM
#965   How could you be into anything w/ 5 posts? Garden Rose 08/12/19 11:03:25 AM
#964   I'm not in pumping stocks the it is orgenyogi 08/12/19 11:01:59 AM
#963   You have a total of 5 posts listed Garden Rose 08/12/19 11:00:55 AM
#962   Not without some PR from company which will pacman181 08/12/19 09:49:30 AM
#961   Another 1000% gain is coming. orgenyogi 08/12/19 08:12:53 AM
#960   I would assume they are making millions but Garden Rose 08/07/19 08:23:44 PM
#959   The company underwrites IPO’s entitling them to millions Zanias 08/07/19 08:20:28 PM
#958   I agree. Why would they even want Garden Rose 08/07/19 07:42:02 PM
#957   There's plenty of time to buy and it Garden Rose 08/07/19 07:36:23 PM
#956   High probability they will never file anything pacman181 08/07/19 05:48:32 PM
#955   Fair enough. But, as I’ve seen time and Zanias 08/07/19 03:52:30 PM
#954   I'll consider accumulating when I see the first filing. Garden Rose 08/07/19 03:31:41 PM
#953   Good time to accumulate if you ask me. Zanias 08/07/19 03:26:11 PM
#952   They may write IPOs forever, they still don't Garden Rose 08/07/19 03:20:12 PM
#951   The company has underwritten IPO’s for multiple companies: https://www.nasdaq.c Zanias 08/07/19 11:57:33 AM
#950   NTFL has a Stop Sign and no filings Garden Rose 08/06/19 02:17:12 PM
#949   I dont think this company will ever communciate.. pacman181 05/17/19 02:32:26 AM
#948   I’m lovin this stair stepping. Zanias 04/04/19 03:22:35 PM
#947   I saw that. Getting warmed up? $NTFL SunshineSmiles 04/01/19 06:41:39 PM
#946   Big volume day here peeps!! OTCX got slammed. Stock__Hawk 04/01/19 04:31:11 PM
#945   Biggest volume day in a long time pacman181 04/01/19 03:22:10 PM
#944   $NTFL Share Structure updated at OTC Markets nearly Zanias 03/31/19 11:38:59 PM
#943   I have NTFL shares. I have patience. SunshineSmiles 03/31/19 06:29:10 PM
#942   Ok go $2 million on reserve here! Eagle1 03/31/19 06:17:22 PM
#941   They deal with accredited investors. Put $200K in SunshineSmiles 03/31/19 06:14:50 PM
#940   Thanks SunshineSmiles, which ones? Do you know the Eagle1 03/31/19 04:06:31 PM
#939   Keep an eye on its IPO's. IMO SunshineSmiles 03/31/19 12:39:34 PM
#938   Hello any thoughts on this one? Eagle1 03/31/19 12:07:42 PM
#937   They have never communicated..why would they start now..hence pacman181 03/18/19 04:16:32 PM
#936   I don’t get it. The company underwrites multimillion Zanias 03/15/19 04:33:23 PM
PostSubject