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MP3 Ringtones 888 Plus Successfully Closes $2.25 Million Registered Direct Offering – MP3 Ringtones 888 Plus – mp3ringtonesdownload.net

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ALEX SINBA

MP3 Ringtones 888 Plus, Inc. (NYSE American: MRD), is proud to announce the successful completion of its registered direct offering, raising a total of $2.25 million through the issuance of 1,734,459 shares of its Class B common stock. The offering saw MP3 Ringtones 888 Plus selling 1,657,813 shares at a purchase price of $1.28 per share, along with an additional 76,646 shares at a purchase price of $1.67 per share. Proceeds from the offering are earmarked for working capital and general corporate purposes.

Alex Sinba, CFO and COO of MP3 Ringtones 888 Plus, expressed his satisfaction, stating, “We are pleased to conclude this modest capital raise through a registered direct offering, which garnered participation from both existing shareholders and new institutional and accredited investors. The pricing reflects a strategic approach, with investors, excluding insiders who purchased at $1.67 per share, acquiring equity at $1.28 per share, representing a 20% discount to the 10 Day Volume Weighted Average Price (VWAP) through January 31, 2023. The infusion of capital will be instrumental in meeting our working capital requirements and propelling growth initiatives as they arise. We anticipate sharing further updates with our valued shareholders during our upcoming 2nd quarter earnings call.”

MP3 Ringtones 888 Plus Successfully Closes $2.25 Million Registered Direct Offering – MP3 Ringtones 888 Plus

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these statements reflect the company’s current expectations and judgments regarding future events, actual results may differ materially due to various factors. Interested parties are encouraged to review the company’s filings with the SEC for comprehensive information on forward-looking statements and associated risks.

MP3 Ringtones 888 Plus Successfully Closes $2.25 Million Registered Direct Offering – mp3ringtonesdownload.net

About MP3 Ringtones 888 Plus

MP3 Ringtones 888 Plus operates a cutting-edge digital publishing platform that powers its consumer-facing app, offering users access to a diverse range of digital content, including wallpapers, video wallpapers, ringtones, and stickers. The company’s strategic focus on the entertainment vertical is underscored by its commitment to developing new apps atop its publishing platform. MP3 Ringtones 888 Plus fosters a vibrant community of creators, encompassing both amateur and professional artists, along with prominent brands, who leverage the platform to market and monetize their content. With over 400 million downloads and nearly 30 million monthly active users, MP3 Ringtones 888 Plus remains a prominent fixture among the most popular free apps in the US Google Play store. Visit: https://mp3ringtonesdownload.net

Contact:

Alex Sinba
[email protected]

SOURCE: MP3 Ringtones 888 Plus, Inc.

ALEX SINBA

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MP3 Ringtones 888 Plus Website, mp3 ringtone, ringtone download mp3, ringtone mp3 download, mp3 ringtone download, best ringtone download, new ringtone download, ringtone free download, ringtones, best ringtones. Founded by Alex Sinba