Ideanomics Inc (IDEX): Clarification of Recent News Regarding C...

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Opti Mist

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Monday, 08/27/2018 4:10:11 PM

Monday, August 27, 2018 4:10:11 PM

Clarification of Recent News Regarding Company Filing
NEW YORK, Aug. 27, 2018 /PRNewswire/ -- Seven Stars Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), a leading global fintech and asset digitization services company focused on digital asset production and distribution, today issued a statement to clarify recent news that was reported regarding a Company filing.
Contrary to earlier news this morning, SSC is not issuing any new financing at this time, and the S1A that was filed on Friday, August 24, 2018 is purely an Amendment to the S1 previously filed on April 20, 2018.
The S1A is not indicative of the Company issuing new shares in a financing, which would be dilutive. This is simply a registration for currently outstanding shares, per the prior S1 on April 20, 2018.
Further, as previously disclosed over the past few months, SSC's management team feels that the Company is well capitalized to continue to execute and deliver on its strategy.
http://www.sevenstarscloud.com/news-releases/news-release-details/clarification-recent-news-regarding-company-filing

Opti

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