WorldFlix Announces Plan to File $15,000,000 Reg A With NY Fund, Blackbridge Capital
8:30 AM ET 6/30/17 | Marketwired
Blackbridge plans to fund WRFX $7.5 million and feature the offering on their new web funding platform for the full $15 million
LOS ANGELES, CA--(Marketwired - Jun 30, 2017) - As WorldFlix, Inc. (OTC: WRFX), finalizes patent filing for its subsidiary Paranotek, and readies the launch of its Swantry app, containing the Parano encryption technology, the company also readies the $15M Reg A+ round with Blackbridge, utilizing Blackbridge's own funding in addition to public funding, with a new crowdfunding portal developed by Blackbridge.
WorldFlix has instructed legal counsel, William Eilers, to file with Reg A+ as soon as possible with a 30-day window possibility. Mr. Eilers has successfully filed and had approved many Reg A+ for other companies previously with an average approval time of 30 to 45 days.
So, why a Reg A+ offering for WorldFlix? WorldFlix has the unique position of being a hybrid public company but non-SEC reporting. This allows WorldFlix to file the Reg A+ (unavailable to SEC reporting companies) and open their shares up, like an IPO, to the general public. With $7.5M committed from Blackbridge, it is easy to believe that WorldFlix will raise significant capital to fund the planned growth of their innovative, groundbreaking technology and apps over the coming year.
"Reg A+ is about creating jobs and new opportunities. And it's about giving regular folks access to investments that only a handful of VC and private equity bigwig investors have enjoyed up until now," as explained by Reg A advisor, Steve Sadler, CEO of Allegiancy. The Regulation A+ offering allows the Joe Public, small investor, to finally buy shares in an IPO-type offering normally sold out and controlled by the big investment banks.
"We are truly pleased to be able to open up our stock to the general public within our current OTC Markets home," said Brad Listermann, CEO of WorldFlix.
About Blackbridge: Blackbridge Capital, LLC, based in New York, is a leading alternative investment fund focused on high-growth investments in small to mid-cap companies. Founded with a vision to forge long lasting relationships, the firm is focused on understanding what their portfolio companies need to accelerate growth, and how investment capital can propel them. For more information, visit www.bbridgecapital.com or https://www.facebook.com/blackbridgecapital