NEW YORK, Dec. 9, 2021 /PRNewswire/ -- Code Chain New
Continent Limited (the "Company," or "Code Chain" or "We") (NASDAQ:
CCNC), a vertically integrated cryptocurrency miner, today
announced that it intends to offer shares of common stock and
warrants to purchase common stock in a proposed underwritten public
offering. The Company intends to use the net proceeds to purchase
cryptocurrency mining equipment and for working capital and general
corporate purposes. The offering is subject to market conditions,
and there can be no assurance as to whether or when the offering
may be completed, or as to the actual size or terms of the
offering.
Aegis Capital Corp. is acting as the sole book-running
manager for the offering.
This offering is being made pursuant to an effective shelf
registration statement on Form S-3 (No. 333-254366) previously
filed with the U.S. Securities and Exchange Commission (the "SEC")
and declared effective by the SEC on March
26, 2021. A preliminary prospectus supplement and
accompanying prospectus describing the terms of the proposed
offering will be filed with the SEC and will be available on the
SEC's website located at http://www.sec.gov. Electronic copies of
the preliminary prospectus supplement and the accompanying
prospectus may be obtained, when available, by contacting Aegis
Capital Corp., Attention: Syndicate Department, 810 7th Avenue,
18th floor, New York, NY 10019, by
email at syndicate@aegiscap.com, or by telephone at (212) 813-1010.
Before investing in this offering, interested parties should read
in their entirety the prospectus supplement and the accompanying
prospectus and the other documents that the Company has filed with
the SEC that are incorporated by reference in such prospectus
supplement and the accompanying prospectus, which provide more
information about the Company and such offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Code Chain New Continent Limited
Code Chain New Continent Limited engages in the research,
design, and development of electronic tokens that combine the
five-W elements (when, where, who, why, what), geographic location
via the Beidou satellite system, and identity information using
Code Chain technology. The electronic tokens are unique, tradable,
and inheritable digital assets and cannot be tampered with. The
electronic tokens are based on and stored in the Code Chain system
and can be used to monitor and document all kinds of consumer
behaviors that involve code-scanning. The Company has recently
diversified its business into the mining of digital currency and is
committed to becoming a vertically integrated cryptocurrency
miner.
Safe Harbor Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, including certain plans, expectations, goals, and
projections, which are subject to numerous assumptions, risks, and
uncertainties. These forward-looking statements may include, but
are not limited to, statements containing words such as "may,"
"could," "would," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," "expects," "intends", "future" and
"guidance" or similar expressions. These forward-looking statements
speak only as of the date of this press release and are subject to
change at any time. These forward-looking statements are based upon
management's current expectations and are subject to a number of
risks, uncertainties and contingencies, many of which are beyond
the Company's control that may cause actual results, levels of
activity, performance or achievements to differ materially from any
future results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements. The
Company's actual results could differ materially from those
contained in the forward-looking statements due to a number of
factors, including those described under the heading "Risk Factors"
in the Company's public filings with the Securities and Exchange
Commission, including the Company's annual report on 10-K. The
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required under applicable
law.
Investor Contact:
Code Chain New Continent Limited
alexander@usccnc.com
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SOURCE Code Chain New Continent Limited
