Source: Cachet Financial
Cachet Financial Solutions, Inc. (OTCQB: CAFN), a leading mobile FinTech provider of cloud-based remote deposit capture (RDC) and mobile prepaid card solutions announced today that on January 20, 2017 it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed public offering of its common stock.
The Company expects to use the net proceeds of the offering to fund sales and marketing, working capital, repay outstanding debt and for other general corporate purposes.
Lake Street Capital Markets, LLC and National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (OTCBB:NHLD) are acting as joint book running managers for the offering.
In conjunction with this offering, the Company has applied to list its common stock on the Nasdaq Capital Market under the symbol “CAFN.”
A registration statement relating to the proposed offering of common stock has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.