Reebonz Announces Exercise of Over-Allotment Option
April 25 2019 - 1:28PM
Reebonz Holding Limited (the “Company” or “Reebonz”) (Nasdaq: RBZ),
a leading online luxury marketplace and platform in Southeast Asia
and Asia Pacific, today announced that in connection with its
previously announced public offering (the “Offering”) of ordinary
shares and warrants for aggregate gross proceeds of approximately
$10.8 million, Roth Capital Partners and Maxim Group LLC (the
“Representatives”) who acted as the joint book-running managers for
the Offering, have exercised their option to purchase an additional
322,500 ordinary shares pursuant to its over-allotment option (the
“Over-Allotment Option”) resulting in gross proceeds to the Company
of $1,609,275, before deducting underwriting discounts and
commissions and other offering expenses. The Company’s sale
of ordinary shares to the Representatives under the Over-Allotment
Option closed on Thursday April 18, 2019.
The ordinary shares described above are being offered by Reebonz
Holding Limited pursuant to a registration statement on Form F-1
previously filed with and subsequently declared effective by the
Securities and Exchange Commission. A final prospectus relating to
the offering will be filed with the SEC and will be available on
the SEC’s website at http://www.sec.gov. Copies of the final
prospectus, when available, may also be obtained from Roth Capital
Partners, LLC, 888 San Clemente Drive, Newport Beach, CA 92660,
(800) 678-9147 or from Maxim Group LLC, Equity Syndicate Prospectus
Department, 405 Lexington Avenue, 2nd Floor, New York, NY, 10022,
or by telephone at 1-212-895-3745.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities described herein,
nor shall there be any sale of the 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 Reebonz Headquartered in Singapore and
founded in 2009, Reebonz (pronounced “ribbons”) is the trusted
online marketplace and platform for buying and selling new and
pre-owned luxury products in the Asia Pacific region, including
Southeast Asia. Leveraging data and technology, Reebonz makes
luxury accessible by operating as an eco-system of B2C e-tail and
B2C marketplace for over 1,000 brands and 172 boutiques, supported
by C2C marketplaces that enable individuals to sell through its
platform. With an easy shopping experience, members can enjoy
convenient access to the selection of products that Reebonz sources
as well as from a curated collection of multi-brand luxury
boutiques from all around the world.
Forward-Looking and Cautionary Statements
Certain statements made in this release are “forward-looking
statements” within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words “estimates,”
“projected,” “expects,” “anticipates,” “forecasts,” “plans,”
“intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,”
“propose” and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside Reebonz’s control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
that may affect actual results or outcomes include: the ability to
regain compliance with and continue to meet NASDAQ’s listing
standards; Reebonz’s ability to manage growth; the reaction of
Reebonz customers and suppliers to its business combination; rising
costs adversely affecting Reebonz’s profitability; potential
litigation involving Reebonz’s intellectual property; and general
economic and market conditions impacting demand for Reebonz’s
products. See the risk factors disclosed in Reebonz’ registration
statement on Form F-1. Reebonz does not undertake any obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
For investor and media inquiries, please
contact: Reebonz Holding Limited |
ir@reebonz.comChristensen | Tip Fleming |
tfleming@ChristensenIR.com | Contact: +1 917 412 3333
For more information on Reebonz, please visit
www.reebonz.com
Stay connected with us: Facebook:
@Reebonz | Instagram: @ReebonzOfficial
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