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Tuesday, November 15, 2016 12:55:05 PM
In an exclusive interview with MissionIR released late last year, Edmund Ooi, Vice President and Director of Creative & Marketing with Moxian, Inc. (NASDAQ: MOXC), outlined the company’s near- and long-term goals. Along with expanding Moxian’s merchant base and increasing revenues, Ooi pointed toward uplisting the company’s common stock as a major goal in order to widen its visibility within the investment community and increase shareholder value. Earlier today, Moxian achieved this goal, as its common stock began trading on the Nasdaq Capital Market.
The uplisting was announced in a news release issued after market close on Monday. The release also highlighted Moxian’s recent completion of a best efforts public offering of 2,501,250 shares of its common stock at a public offering price of $4.00 per share. The company expects gross proceeds from this offering to total just over $10 million, before deducting placement agents’ commissions and related expenses. Axiom Capital Management, Inc. and Cuttone & Co., Inc. acted as placement agents for the offering.
Moxian engages in the business of providing social marketing and promotion platforms to merchants aiming to promote their operations through social media channels. The company’s Moxian+ (Business) mobile app provides the business tools and data analytics capabilities required to drive increased conversion and retention rates. Through the Moxian+ (User) app, consumers have the option to collect loyalty points from issuing merchants, win MO-Coins that can be used with any merchant in the Moxian ecosystem and chat with friends. When combined, these two apps create a powerful online-to-offline (O2O) platform designed to help merchants accelerate business growth by studying trends and other data regarding their target consumers.
The scope of the O2O commerce marketplace is worth noting, particularly as it relates to Moxian’s home markets within the People’s Republic of China. According to eMarketer (http://nnw.fm/N5l18), O2O ecommerce sales in China are expected to surpass $62.4 billion in 2016, with forecasts calling for annual growth of about 21 percent over the next two years. In January, Moxian better-positioned itself to capitalize on this forecast growth through the formation of a new corporate subsidiary in Beijing. Maintaining this presence in the national and cultural center of China is expected to offer numerous opportunities to Moxian as it continues to expand upon its position in the growing O2O market.
For more information, visit the company’s website at www.Moxian.com
Recent MOXC News
- Form 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)] • Edgar (US Regulatory) • 04/30/2024 08:30:37 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 04/15/2024 08:35:21 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/30/2024 09:30:13 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/11/2024 01:05:35 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/16/2023 03:30:25 PM
- Moxian Announces Name Change to Abits Group Inc • GlobeNewswire Inc. • 11/16/2023 02:27:00 PM
- Management Discussion and Analysis of Results for the half-year to June 30, 2023 • GlobeNewswire Inc. • 11/08/2023 09:56:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/08/2023 09:30:35 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/18/2023 08:05:09 PM
- Moxian Receives NASDAQ Notification Regarding Minimum Bid Price Requirements • GlobeNewswire Inc. • 10/18/2023 08:00:00 PM
- MOXIAN POWERS UP ITS DUFF SITE • GlobeNewswire Inc. • 10/02/2023 09:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/28/2023 12:35:22 PM
- Moxian Announces Results of Annual Meeting of Shareholders • GlobeNewswire Inc. • 08/28/2023 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/15/2023 12:35:11 PM
- Moxian Regains Compliance with NASDAQ Minimum Bid Price Requirement • GlobeNewswire Inc. • 08/15/2023 12:30:00 PM
- Form 20-F/A - Annual and transition report of foreign private issuers [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 08/10/2023 08:05:11 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/25/2023 08:00:10 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/18/2023 12:35:12 PM
- Moxian to Hold Annual Meeting of Shareholders on August 25, 2023 • GlobeNewswire Inc. • 07/18/2023 12:30:00 PM
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