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Wednesday, May 22, 2024

AXTG Announces Plans to File Registration Statement for Public Offering of Common Stock

Axis Technologies Group, Inc. (OTC: AXTG) has recently announced its plans to file a registration statement with the Securities and Exchange Commission in late April 2022 for a proposed underwritten public offering of common stock, anticipating to raise approximately $10 million predominantly from existing shareholders. The offering is subject to market and other conditions, including the effectiveness of the registration statement to be filed under the Securities Act of 1933. This move comes as the company continues its focus on the acquisition, alignment, and growth of disruptive fintech companies, aiming to expand its market presence and provide industry-leading financial solutions leveraging blockchain technologies.

Axis Technologies Group Inc. is a holding company that actively seeks targets in which it can acquire and accelerate market expansion, with a focus on companies with solid management teams, large total attainable markets, and lucrative exit opportunities. The company places emphasis on decentralized finance, which over time it believes will allow for the capture of recurring revenue streams. This forward-looking business approach is reflected in the company’s intent to launch a proposed underwritten public offering, as it prepares for potential growth and expansion.

It is important to note that the announcement is being made in accordance with Rule 135 under the Securities Act and should not be construed as an offer to sell or the solicitation of an offer to buy securities, nor as an offer, solicitation, or sale in any jurisdiction in which such activities would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

Regarding forward-looking statements, the press release includes a disclaimer that acknowledges the inherent uncertainties and risks involved. This is a standard practice to caution readers that forward-looking statements are not guarantees of future performance or results. The company recognizes and outlines that there may be known and unknown factors that could cause their results, levels of activity, performance, or achievements to differ materially from the information expressed or implied by the forward-looking statements.

Overall, Axis Technologies Group Inc.’s announcement of its intention to file a registration statement for a proposed underwritten public offering reflects the company’s strategic approach to growth, expansion, and the pursuit of disruptive fintech opportunities. As the company continues to focus on acquiring and aligning with innovative companies in the fintech sector, the proposed offering is expected to play a pivotal role in the company’s efforts to further establish itself as a key player in the industry. With a clear vision for the future, Axis Technologies Group Inc. is poised to further capitalize on the potential of decentralized finance and blockchain technologies, and lay the groundwork for sustained success in the evolving financial landscape.

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