Digital Offering Allows Defense Tech
Provider to Democratize its Offering to Public
Investors
PALM
BAY, Fla., Aug. 1, 2024 /PRNewswire/
-- Reticulate Micro, Inc. ("Reticulate Micro," "Reticulate" or
the "Company"), a commercial and defense technology company
dedicated to delivering trusted and resilient communications over
any transport and in any environment, has launched its Regulation A
stock offering to raise up to $10
million (the "Reg A Offering") to support Reticulate's
product and market launch efforts as a leading provider of video
compression and tactical and SATCOM management solutions. Its
flagship product, VAST™, is designed to enable ultra-efficient
streaming video and situational awareness in bandwidth-challenged
environments.
Reticulate's offering was qualified with the Securities and
Exchange Commission ("SEC") this week and allows anyone to now
invest in the Company. The Reg A Offering has an offering price of
$3.50 per unit. Each unit includes
one share of the Company's Class A Common Stock and one warrant to
purchase one share of the Company's Class A Common Stock at an
exercise price of $5.50 per share.
The minimum investment is $700 for
200 units and is open to all investors.
The lead selling agents for the transaction include Boustead
Securities, LLC, a leading full-service investment banking firm and
licensed FINRA member, and Digital Offering LLC, a next-generation
investment bank focused on technology and innovation and helping
high-quality private and public growth companies access U.S.
capital markets.
"We are delighted to launch our capital raise with such an
experienced investment banking team who share our vision to
democratize our offering to a broad investment pool," said
Michael Chermak, Executive Chairman
of Reticulate Micro.
Reticulate will utilize the DealMaker platform which allows the
public to invest directly in Reticulate's stock:
https://invest.reticulate.io
The Company plans to use the proceeds from the Reg A Offering to
scale sales and marketing as well as operations, invest in new
product development, and expand its IP portfolio.
"We are excited to leverage the funds from our Reg A Offering to
accelerate the development and delivery of our cutting-edge
VAST™ video compression technology, ensuring we stay at the
forefront of innovation in national security, healthcare, and
critical infrastructure," said Joshua
Cryer, President and CEO of Reticulate Micro.
Investors can receive additional information on the offering
either on Reticulate's investor page at
https://reticulate.io/investors/ or via email at
ir@reticulate.io.
About Reticulate Micro, Inc.
Reticulate Micro, Inc., with headquarters in Palm Bay, Florida, is a commercial and defense
technology company dedicated to delivering trusted and resilient
communications over any transport and in any environment.
Reticulate is building one of the world's first
post-quantum-encrypted open-systems platforms for robust video
streaming, simplified terminal management and satellite mobile
connectivity in austere environments and diverse orbital
regimes. Serving the defense, mobility, broadcasting, enterprise
infrastructure monitoring and security sectors, Reticulate Micro
and its newest business segment Reticulate Space embrace open
standards across its software and product offerings.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements that are
subject to various risks and uncertainties. In addition, our
representatives or we may make forward-looking statements orally or
in writing from time to time. We base these forward-looking
statements on our expectations and projections about future events,
which we derive from the available information. Such
forward-looking statements relate to future events or our future
performance, including our financial performance and projections,
revenue and earnings growth, and business prospects and
opportunities. You can identify forward-looking statements by those
that are not historical facts, particularly those that use
terminology such as "intends," "may," "should," "expects,"
"anticipates," "contemplates," "estimates," "believes," "plans,"
"projected," "predicts," "potential," or "hopes" or the negative of
these or similar terms.
Although the Company believes that the expectations reflected in
these forward-looking statements are based on reasonable
assumptions, there are a number of risks and uncertainties that
could cause actual results to differ materially from such
forward-looking statements. You are urged to carefully review and
consider any cautionary statements and other disclosures, including
the statements made under the heading "Risk Factors" and elsewhere
in the offering statement filed with the SEC. Forward-looking
statements speak only as of the date of the document in which they
are contained, and Company does not undertake any duty to update
any forward-looking statements except as may be required by
law.
The offering will be made only by means of an offering circular.
An offering statement on Form 1-A relating to these securities has
been filed with the U.S. Securities and Exchange Commission and has
become qualified. The securities offered by the Company are highly
speculative. Investing in shares of the Company involves
significant risks. The investment is suitable only for persons who
can afford to lose their entire investment. Furthermore, investors
must understand that such investment could be illiquid for an
indefinite period of time. No public market currently exists for
the securities, and if a public market develops following the
offering, it may not continue.
The Company intends to list its securities on a national
exchange and doing so entails significant ongoing corporate
obligations including but not limited to disclosure, filing and
notification requirements, as well compliance with applicable
continued quantitative and qualitative listing standards. For
additional information on the Company, the offering and any other
related topics, please review the Form 1-A offering circular that
can be found at the following location EDGAR Entity Landing Page
(sec.gov). Additional information concerning Risk Factors related
to the offering, including those related to the business,
government regulations, intellectual property and the offering in
general, can be found in the risk factor section of the Form 1-A
offering circular.
Contact:
Media:
Reticulate Micro Media
Relations
media@reticulate.io
Investor Relations:
Reticulate Micro Investor
Relations
ir@reticulate.io
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SOURCE Reticulate Micro, Inc.