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Network 1 Financial Group, Inc. (NTFL)

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Last Post: 1/21/2018 11:46:28 PM - Followers: 73 - Board type: Free - Posts Today: 0

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
#473  Sticky Note $NTFL: UNDERWRITING HUGE IPOs ON WALL STREET: SHEEPWOLF 12/21/17 06:56:16 PM
#464  Sticky Note https://insiderfinancial.com/network-1-financial-group-inc-otcmktsntfl-gets-a-cl Anna2001 12/21/17 03:35:44 PM
#229  Sticky Note $NTFL DD Package: Mrs. Claus 12/19/17 03:26:53 PM
#838   New CEO OF NTFL MR hunt former US DJMM2007 01/21/18 11:46:28 PM
#837   NTFL NEW CEO JUST REPORTED ON PAPASTOCKS TWITTER!!!! DJMM2007 01/21/18 05:08:47 PM
#836   $NTFL IPO Genprex should be closing this month. SunshineSmiles 01/19/18 10:20:48 PM
#835   Shareholders need to read the last Form D SunshineSmiles 01/18/18 03:40:04 PM
#834   Yes that is what everyone here should be doing Mrs. Claus 01/18/18 03:10:30 PM
#833   So if we can make it off the DaveDexter 01/18/18 10:42:20 AM
#832   I am still aggressively emailing the management for guidelines 01/18/18 10:30:54 AM
#831   This is a money maker play.... only problem GuessWhichHedgeFund 01/18/18 04:40:09 AM
#830   $NTFL can only solicit Accredited Investors right now SunshineSmiles 01/17/18 08:52:37 PM
#829   Network 1 was has been focused on Chinese SunshineSmiles 01/17/18 07:59:27 PM
#828   $NTFL: I know... this downwave is discouraging though makinezmoney 01/17/18 11:33:44 AM
#827   Ride the waves. $NTFL SunshineSmiles 01/17/18 11:19:34 AM
#826   NTFL$$$$$$$$$in the making! drumkids 01/17/18 10:04:51 AM
#825   $NTFL: At least there's a big bidder makinezmoney 01/17/18 09:35:31 AM
#824   $NTFL: Another Downday in store for Bitcoin makinezmoney 01/17/18 09:25:50 AM
#823   Bitcoin negativity right now has something to do SunshineSmiles 01/16/18 10:50:59 PM
#822   I think it's just lack of interest the Benarrowvlogs 01/16/18 05:58:55 PM
#821   Cheese and rice.. might be time to jump short_slayer 01/16/18 05:09:17 PM
#820   What happened here?! Jayromir14 01/16/18 04:51:06 PM
#819   $NTFL: Is this falling because Bitcoin is Falling? makinezmoney 01/16/18 11:07:25 AM
#818   The selling here amazes me...... this stock is GuessWhichHedgeFund 01/14/18 09:11:17 AM
#817   I do but its kind if like ehhh... GuessWhichHedgeFund 01/13/18 08:06:03 AM
#816   I know right.... its crazy folks arent all GuessWhichHedgeFund 01/13/18 08:03:25 AM
#815   $NTFL FEELING BULLISH$ Added some here on the drumkids 01/12/18 01:12:26 PM
#814   I look at the charts sometimes and I SunshineSmiles 01/12/18 11:18:54 AM
#813   Nice lets get some answers post the number DJMM2007 01/12/18 10:58:54 AM
#812   QUESTION: Has anyone on this board spoken with guidelines 01/12/18 09:22:56 AM
#811   Too many holding this down Yoda. SunshineSmiles 01/11/18 11:35:55 PM
#810   Indeed! The stock would as well if NTFL WiseYoda 01/11/18 02:36:45 PM
#809   $NTFL IPO's would benefit if $NTFL became current SunshineSmiles 01/10/18 05:33:05 PM
#808   Network 1 Financial Website mentions $NTFL on their SunshineSmiles 01/10/18 05:22:08 PM
#807   Very interesting ticker! Been hesitating but pulled trigger WiseYoda 01/10/18 12:47:40 PM
#806   That’s best case in case you have no KelliBlue 01/10/18 12:00:19 PM
#805   It’s a good thing. No speculation. No Zanias 01/10/18 11:12:02 AM
#804   For a stock thats doing so well, this GuessWhichHedgeFund 01/10/18 10:56:08 AM
#803   no doubt about it...multi dollars are coming here Mrs. Claus 01/10/18 10:40:44 AM
#802   Another NTFL IPO - https://genprex.network1.com/# http://secfilings.nasdaq.com/ QUANTUM314 01/09/18 11:34:07 PM
#801   $NTFL moves quick but too many buying at SunshineSmiles 01/09/18 10:15:14 PM
#800   Let’s get it going! NTFL big buys the QUANTUM314 01/09/18 03:06:36 PM
#798   $NTFL #Blockchain SunshineSmiles 01/09/18 09:15:23 AM
#797   Papa stocks twitter NTFL A LITTLE BIT BUY DJMM2007 01/09/18 08:15:34 AM
#796   Definitely a gift KelliBlue 01/08/18 12:17:51 PM
#795   I won’t lie I bought this weeks ago LongtermLopes 01/06/18 12:35:39 AM
#794   What a steal. ResidualRevenue 01/05/18 07:27:21 PM
#793   Glad my order filled at .20 today KelliBlue 01/05/18 06:24:20 PM
#792   Locked n loaded. I just wish I had Zanias 01/05/18 04:30:29 PM
#791   $NTFL BID SUPPORT SunshineSmiles 01/05/18 04:05:28 PM
#790   Added a bunch today Regards TURCH 01/05/18 02:38:48 PM
#789   $NTFL 2018 is the year for the financials drumkids 01/05/18 02:30:44 PM
#788   This selloff is so unintelligent there aren't words SHEEPWOLF 01/05/18 02:05:53 PM
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